Articles filed under Energy Policy from Europe
Mr Chope said he wanted to stop further developments like the Navitus Bay wind farm proposed near his Christchurch constituency. He said: "This Bill ... would ensure such obscenities would not be able to be brought forward again in the future with all the uncertainty that generates for local people.
The government is working towards a way to safeguard permanent electricity supply, with cash for loss-making plants at one end of the spectrum of possible solutions and letting markets decide with price spikes in low supply periods the other. Utilities argue the latter solution could cause more mass closures and leave the market under-invested too long.
RWE Innogy is slashing investment in renewable energies to €1 billion over the three years 2015-2017 ...RWE spent the same amount on renewables in 2014 alone. With parent company RWE weighed down by heavy debts, RWE Innogy continues to pursue the strategy it begun in 2014.
This is an error with ugly consequences. The energy revolution, as it is now applied, results in dirtier air. It ensures that Germany fails at its self-imposed climate goals. The energy revolution inadvertently promotes the use of dirty coal plants and destroys the relatively clean gas power plants. "In retrospect, it all makes sense," says Graichen.
The German coalition government is planning to withdraw from its 2020 climate change goals. Notwithstanding public protest, Federal Economics Minister Sigmar Gabriel (SPD) has abandoned the requirement of cutting 40 percent of CO2 emissions compared to 1990 levels by 2020.
Globally, we get a minuscule 0.3pc of our energy from solar and wind. According to the International Energy Agency, even with a wildly optimistic scenario, we will get just 3.5pc of our energy from solar and wind in 2035, while paying almost $100 billion in annual subsidies. Today, the world gets 82pc of its energy from fossil fuels, in 21 years it will still be more than 79pc.
“For the Polish economy minister and the majority of EU economy ministers the 40-percent option, which destroys half of Europe’s industry, is unacceptable.”
The very idea that an advanced economy such as ours faces an energy crisis within the next few years should attract the most urgent attention of our political leaders. Yet we appear to be drifting into a situation of great seriousness because they are all wedded to unrealistic decarbonisation targets that none seems willing to revisit.
Germany as a whole was a huge country which was doing very well, especially in the auto sector, said Henri Proglio, EDF’s chairman and chief executive. “But when it comes to energy they are in a disaster,” he told reporters in London. “The two major companies, Eon and RWE are under huge pressure. One is more or less dead, the other is in a very difficult situation.”
France's economy may be doing badly but Germany's energy sector is a "disaster", the head of French state-owned energy company EDF has said. Henri Proglio, EDF chief executive, acknowledged his country was "in a poor situation" and "under pressure".
Ministers cut forecasts of gas prices for the rest of the decade by as much as a fifth, meaning green energy will remain relatively far more costly. ...“Year after year [energy secretary] Ed Davey has been banging on that one of the core reasons [for backing green energy] is to protect ourselves against inevitably high and volatile fossil fuel prices. Now their own forecasts are saying fossil fuel prices are going to be very affordable,” he said.
The Public Accounts Committee (PAC) said the Department of Energy (Decc) had failed to adequately secure best value for consumers by awarding five offshore wind projects and three biomass schemes their contracts early without competition. Decc’s own economic case shows no clear benefit from awarding the contracts early.
By awarding them early, and using more than half the budget for the contracts in the process, the government has hampered price competition, reduced the opportunity to test the market and failed to defend consumer interests, the Committee of Public Accounts said. The beneficiaries include Drax Group Plc, Dong Energy A/S, SSE Plc, Statoil ASA and Statkraft AS.
Ordinary Germans foot the bill for these market distortions, having ponied up an estimated €100 billion ($129 billion) extra on their electricity bills since 2000 to fund the renewable drive. The government estimates this revolution could cost a total of €1 trillion by 2040.
European Union leaders announced they will be consolidating energy and environmental goals under a new commissioner, effectively axing the intergovernmental groups’ climate arm as green policies are making it harder for citizens to pay their power bills.
Currently, Scottish projects get support though a nationwide program known as the renewables obligation, which may have no mandate north of the border if the two countries were split. Scotland exports as much as a quarter of its electricity and has about 43 percent of the U.K.’s wind power capacity. About 13 gigawatts of power projects are on the drawing board currently in Scotland, about 15 percent of total U.K. capacity.
The highest payment of £11.1 million was paid over three years to ScottishPower, a Spanish-owned firm, which operates the Whitelee wind farm, around 10 miles from Glasgow. The disclosures prompted claims that the Government has failed to “rein in” the amounts being demanded by wind farm owners to turn off their turbines to stop the electricity network becoming overloaded.
In reality, economists and some government officials acknowledge, there are deeper reasons for the recent downturn. ...They start at home, where Chancellor Angela Merkel's abrupt exit from nuclear energy after the Fukushima disaster in Japan and aggressive push into renewables has unnerved German industry. A recent overhaul of the country's complex renewable energy law has done little to alleviate uncertainty over future policy or assuage fears about German energy competitiveness.
Green policies imposed by Brussels are endangering 1.5m UK jobs by saddling manufacturers with high energy costs. A report published on Wednesday says that EU policies are to blame for up to 9 per cent of costs on energy bills for industrial companies and warns this could rise to 16 per cent by 2030.
"Both projects will only begin construction once the outcome of the Scottish referendum, and its potential effect on energy policy, is known," Infinis said yesterday. It also noted that its wind farms had been becalmed, suffering a one-third drop in output, and impacted by lower prices in the market.