Britain will launch a new scheme to pay households producing energy from renewable sources, such as solar panels, for their surplus electricity, the government said on Sunday. Around 800,000 homes in Britain have solar panels installed and the scheme will replace a feed-in-tariff system which ended in April. “The new smart export guarantee will ensure households that choose to become green energy generators will be guaranteed a payment for electricity supplied to the grid,” Energy and Clean Growth minister Chris Skidmore said. “If households with panels and batteries can store electricity and sell it back to the grid when it is most needed we could see some homes with negative power bills,” said Greg Jackson, CEO of British energy supplier Octopus, which is one of a small number of suppliers already offering an export tariff. The new guarantee will apply to homes with up to 5 megawatts of renewable power capacity installed, with generation tracked by smart meters. The government will set legislation for the scheme to become mandatory for any energy supplier with more than 150,000 customers from January 1 2020, the Department for Business, Energy and Industrial Strategy said.
Reuters 9th June 2019 read more »
Energy Live News 9th June 2019 read more »
Homes and businesses that generate their own clean power from small-scale renewables installations and export it to the grid will be guaranteed a payment from energy suppliers under new legislation to be introduced by the government tomorrow. Following consultation earlier this year, the Smart Export Guarantee (SEG) will be laid in Parliament tomorrow before the legislation comes into force for mandated energy suppliers on 31st December 2019, the Department for Business, Energy, and Industrial Strategy (BEIS) confirmed today.
Business Green 9th June 2019 read more »
Letter Nick Mabey, CEO, E3G, Chancellor Philip Hammond’s letter to Theresa May (report, June 6) requesting a delay in incorporating a net zero greenhouse gas target into UK law is a classic example of economists knowing the price of everything but the value of nothing. The eminent group of economists who advised the Committee on Climate Change on the affordability of a net zero goal explicitly cautioned against confusing the direct costs of building a clean energy system with the impact of the transition on the economy. The £1tn figure quoted by the chancellor excludes any benefits from green jobs, cleaner air, warmer homes, lower oil gas imports and UK exports of green goods and services. But even if taken at face value the chancellor’s cost estimate is rather less than it seems. Between now and 2050 even pessimists expect the UK economy to double in size. The direct costs of going net zero by 2050 will be about 0.7 per cent of growth over that period. Put more practically, the price of stopping the UK’s contribution to climate destabilisation is waiting four months to be twice as rich as we are now. That hardly seems an inconvenience that the British public cannot bear.
FT 8th June 2019 read more »