Britain’s energy regulator has said it will change how it governs the industry to help meet the government’s climate targets, after coming under fire for failing to prioritise the climate emergency. The regulator published a wide-ranging climate action plan on Monday, which aims to help get 10m electric vehicles on our roads by 2030 and support a fourfold increase in offshore wind generation, while protecting homes from rising energy bills. The nine-point manifesto also includes plans to support low-carbon home heating, tariffs that encourage homes to help balance the energy system, and a crackdown on “greenwash” energy deals. Ofgem’s incoming chief executive, Jonathan Brearley, set out the regulator’s climate manifesto after critics warned that its outdated statutory duties were not aligned with the government’s climate policies.
Guardian 3rd Feb 2020 read more »
Rewiring Britain for a net zero future: Ofgem publishes Decarbonisation Action Plan. Building a system that supports the growth of renewables and ten million electric vehicles on our roads by 2030; Support development of an offshore grid to enable a four-fold increase in offshore wind generation by 2030; Set up an innovation fund focused on unlocking investment in innovative solutions to tackle climate change; On his first day in office, Ofgem’s new chief executive Jonathan Brearley has launched Ofgem’s Decarbonisation Action Plan.
Ofgem 3rd Feb 2020 read more »
The energy regulator has vowed to crack down on “greenwashing” by suppliers overstating their environmental credentials, as part of a strategic focus on climate change. Ofgem said it was critical that consumers choosing renewable electricity tariffs could trust they really would make “the expected positive impact for the planet”, such as by driving investment in new wind and solar farms. The consumer group Which? said last year that consumers risked being misled because many companies marketing green tariffs were only buying cheap certificates that allowed them to claim they were “100 per cent renewable”, rather than actually buying power directly from renewable sources. In a decarbonisation action plan, the regulator said: “We are aware of growing concerns about ‘greenwashing’, where the environmental impact of a particular tariff or supplier is overstated. We expect suppliers to be transparent about what constitutes a ‘green tariff’ and we will undertake work to ensure that consumers are not misled.”
Times 3rd Feb 2020 read more »
Britain’s energy regulator has called for radical changes to the country’s energy network in a new plan aimed at helping to decarbonise the grid to meet the government’s target of net zero emissions by 2050. In its nine-point Decarbonisation Action Plan, Ofgem on Monday called for new measures to support the growth of renewables and the roll out of up to 10m electric vehicles, and proposed the establishment of a new regulatory fund to “unlock” investment in innovative solutions to tackle climate change. The plan was published on Ofgem chief executive Jonathan Brearley’s first day in his new post. “Britain has . . . decarbonised faster than any other major economy, but we must go further, particularly on heat and transport. We are taking an approach that recognises that our role protecting consumers includes achieving net zero,” he said.
FT 3rd Feb 2020 read more »
Chief executive of Ofgem: Today, Ofgem is setting out how the energy regulator will step up to the UK’s biggest challenge — reducing our greenhouse gas emissions to net zero by 2050 and ending our contribution to climate change. Our remit is to protect the interests of consumers both today and in the future. That means keeping energy bills as low as possible while investing the money to help build a low carbon energy system for future generations. The balancing act needed to manage these sometimes conflicting intergenerational issues has been brought into sharp focus by activists such as Extinction Rebellion and Greta Thunberg. The thorniest dilemma of net zero is not technical, but deciding who pays for it and when. Ofgem’s decarbonisation action plan, published on my first day in charge, explains how we will tackle climate change and build a low-carbon energy system at the lowest possible cost to consumers. The regulator is taking an approach which recognises that protecting consumers includes helping to hit the net zero target passed by parliament. This equal commitment to protect today’s citizens and those of the future will be reinforced in every decision we make. Ofgem will also have to decide how to distribute the costs we control among different groups of consumers. We will consider whether all electricity consumers, including those who don’t drive or are on low incomes, should pay for the system and network changes we need to support electric vehicles or whether only drivers should foot the bill. Whatever happens, we will ensure that consumers, especially the vulnerable, always have access to affordable energy to heat and light their homes.
FT 3rd Feb 2020 read more »
The UK energy regulator has said it will change the way it governs the industry to help meet the government’s climate targets after being criticized for failing to prioritize the climate emergency. The regulator released a large-scale climate action plan on Monday, which aims to help put 10-meter electric vehicles on our roads by 2030 and support a four-fold increase in offshore wind production, while protecting homes from rising energy bills. The nine-point manifesto also includes plans for support low carbon home heating, tariffs which encourage households to balance the energy system and a repression of “Greenwash” energy offers. Ofgem’s nine-point plan at a glance: Make price controls more adaptable to help companies invest in clean energy; Set up a regulatory fund to help invest in solutions to climate change; Explore ways to create a “low cost” offshore network to support wind power; Work with government and industry to decarbonize heating; Making UK energy systems fit for a zero net future; Create a more flexible electrical system to help move toward net zero; Develop a regulatory strategy to help get 10m electric cars on the road by 2030. Help energy companies create low-carbon products and services for consumers. Change your regulatory approach and make “big decisions” on decarbonization faster.
FR24 3rd Feb 2020 read more »