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Generation

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Hunt unveils generation levy exemption and grid planning overhaul
Jeremy Hunt has announced that new electricity generation will be exempted from the government’s windfall levy on the sector, while unveiling a wide-ranging package of energy infrastructure planning changes in his Autumn Statement. The statement, widely reckoned to be the last before the next general election, contains a series of announcements on reforming the planning system and speeding up electricity grid connection timetables.
News
Experts split on size of long duration storage target
Experts on long duration energy storage (LDES) are split on the necessary target needed to deliver the UK's decarbonisation goal. While some experts have urged the government to set a long-term target of up to 100TWh, others have suggested that a smaller “no regrets” target should be set to “get the ball rolling” on LDES. However, government officials have refused to be pushed on the possible size of a target.
News
Government must not slip back into complacency on CfDs
The government must not slip back into the complacency that ultimately led to the failure of the latest Contracts for Difference (CfDs) auctions to attract any bids from offshore wind projects, an industry expert has warned. Earlier this week, the government announced hikes to the strike price caps for next year’s auctions but Adam Bell, director of policy at Stonehaven, said further changes are needed to prevent a repeat of the problems that emerged during allocation round five (AR5).
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Latest in Generation

What the Autumn statement holds for energy sector
The upcoming autumn statement by chancellor of the exchequer Jeremy Hunt is being billed as one of the government’s last opportunities to restore its flagging political fortunes. So what does the energy sector want from the Treasury’s showpiece end of year event and what is it likely to see?
Analysis
Octopus launches £3bn offshore wind fund
Octopus Energy’s generation arm has launched its first ever offshore wind fund worth £3 billion. Octopus said that the fund will specifically focus on European projects and will look at both traditional offshore wind and floating offshore wind turbines. 
News
High offshore wind strike price consequence of AR5 failure
The government could have avoided setting such a high offshore wind strike price for its upcoming contracts for difference (CfD) auction if it had heeded industry warnings during the last round, energy analysts have suggested. It comes after the government announced a 66% increase in the offshore wind administrative strike price cap for the next CfD auction, after the last round attracted no bids.
News
EDF won’t make ‘massive fortune’ from Hinkley, says director
EDF won’t make a “massive fortune” out of its Hinkley Point C nuclear power plant due to returns being eroded by delays to the project and escalating costs, a director has admitted. Giving evidence to the House of Commons energy security and net zero committee, EDF Energy’s director of strategy and regulation Paul Spence was grilled on how much constructing the first new nuclear power station in a generation would cost the consumer.
News
Higher CfD strike price will ‘restore confidence’ in offshore wind
Confidence in the UK’s offshore wind sector will be restored by the increase in the Contracts for Difference (CfD) strike price. That is the reaction to the UK government's 66% increase in the offshore wind strike price cap in the next CfD auction, which will rise to £73/MWh for the sixth allocation round.
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SSE raises transmission investment forecast by £2.5bn
SSE has increased its investment forecast by £2.5 billion to reflect recent regulatory decisions on upgrades to the transmission network. The company said it now expects to make £20.5 billion of net zero related investments over the five-year period ending in 2026/27.
News
Short-term support for green innovations puts net zero target at risk
The government has been warned that its tendency to implement complex short-term support mechanisms for progressing green technologies is putting the country’s overarching net zero ambitions at risk. In a damning 25-page report, the Public Accounts Committee (PAC) calls for the government to reform its funding mechanisms to provide certainty to businesses looking to invest.
News
UK falls three places in renewable investment index
The UK has fallen three places to seventh in EY’s biannual global ranking of the most the attractive places for investment in renewables. The country also lost its top spot as the most desirable destination for offshore wind investment – falling to second behind the US – following the failure of the latest Contracts for Difference (CfD) auctions to attract any bids from offshore wind developers.
News
RO mutualisation avoided for first time since 2017
Ofgem has confirmed that for the first time in six years the mutualisation of missed Renewables Obligation (RO) payments will not take place. The energy regulator has revealed that for the 2022-23 obligation year four unnamed suppliers failed to meet their total obligations by the 1 September deadline, resulting in a combined shortfall of more than £7.2 million in the buy-out funds. These suppliers consequently owed late payments.
News
ESO sets sights on 144 zombie projects as connection reforms approved
As many as 144 stalled projects with a capacity of 29GW could be forced out of the connections queue, after Ofgem approved reforms suggested by National Grid Electricity System Operator (ESO). The new rules will allow the ESO to remove projects from the connections queue if they fail to meet a number of milestone agreements.
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