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Energy reforms to support jobs, and produce clean energy
F&S Energy • 19 December 2013
Electricity Market Reform Delivery Plan published
An estimated £110 billion of private sector investment into the electricity sector is set to be unlocked with the publication of the Electricity Market Reform Delivery Plan.
The investment is needed by 2020 alongside measures that will improve the security of the supply of electricity, now made possible by the Energy Bill receiving Royal Assent yesterday.
This now provides the confidence needed to investors and the industry to provide investment to the energy sector and additionally makes it a legal obligation of the Government to ensure the UK's energy generation capacity is maintained, whilst also reducing emissions.
The new measures will support up to a quarter of a million jobs, 200,000 of which will be 'green' jobs in the renewable energy sector.
Over £31 billion has already been invested in renewable generator projects since 2010, and this is expected to attract a further £40 billion of investment by 2020. This would reduce carbon emissions by around 20 million tonnes and would provide enough electricity to power 10 million houses.
Secretary of State for Energy and Climate Change, Edward Davey said;
"We have driven the Energy Bill through Parliament on time to send out a clear signal to investors and industry. We have delivered the certainty they need and confirmed Britain's position as one of the most attractive countries in the world to invest in energy generation."
"We are now able to build on the measures already in place to deliver cleaner energy, affordable bills, energy security and the creation of thousands of skilled green jobs across the UK."
Additional announcements have been given alongside the Electricity Market Reform Delivery Plan today:
The first EMR Delivery Plan sets out strike prices for renewable technologies under Contracts for Difference (CfD) as well as the analysis that underpins these decisions.
Accompanying the Plan is an updated version of the CfD, with improvements to the contract terms to support the ability of developers to bring forward investment at lower cost to consumers. Coupled with the strike prices, this package will make the UK market one of the most attractive countries in the world for clean energy developers.
The Government is considering the introduction of competition for more established low carbon technologies once the CfD regime is introduced, pending a decision on this in early 2014. This falls in line with new EU guidelines laid out on competition.
The Government has issued draft investment contracts to the sixteen new renewables projects that have progressed to the next stage of the 'FID Enabling for Renewables process'. Ten of these projects have been informed they are provisionally affordable under the budget caps announced on 4th December, but all are able to remain in the process until it is completed, and the contracts are awarded, due in spring 2014.
A Capacity Market is to be introduced which will work by providing regular payments to capacity providers so that they are available to generate energy when capacity is tight, or face penalties. This will drive investment in generation whilst ensuring costs are kept low. The Government today confirmed the level of system security that will be needed under this mechanism.
Ofgem has also today approved a request from National Grid to develop new services to ensure that we have adequate capacity in the period before the Capacity Market is up and running. This will see existing and mothballed facilities becoming available to generate power to meet additional demand as required.
The investment is needed by 2020 alongside measures that will improve the security of the supply of electricity, now made possible by the Energy Bill receiving Royal Assent yesterday.
This now provides the confidence needed to investors and the industry to provide investment to the energy sector and additionally makes it a legal obligation of the Government to ensure the UK's energy generation capacity is maintained, whilst also reducing emissions.
The new measures will support up to a quarter of a million jobs, 200,000 of which will be 'green' jobs in the renewable energy sector.
Over £31 billion has already been invested in renewable generator projects since 2010, and this is expected to attract a further £40 billion of investment by 2020. This would reduce carbon emissions by around 20 million tonnes and would provide enough electricity to power 10 million houses.
Secretary of State for Energy and Climate Change, Edward Davey said;
"We have driven the Energy Bill through Parliament on time to send out a clear signal to investors and industry. We have delivered the certainty they need and confirmed Britain's position as one of the most attractive countries in the world to invest in energy generation."
"We are now able to build on the measures already in place to deliver cleaner energy, affordable bills, energy security and the creation of thousands of skilled green jobs across the UK."
Additional announcements have been given alongside the Electricity Market Reform Delivery Plan today:
The first EMR Delivery Plan sets out strike prices for renewable technologies under Contracts for Difference (CfD) as well as the analysis that underpins these decisions.
Accompanying the Plan is an updated version of the CfD, with improvements to the contract terms to support the ability of developers to bring forward investment at lower cost to consumers. Coupled with the strike prices, this package will make the UK market one of the most attractive countries in the world for clean energy developers.
The Government is considering the introduction of competition for more established low carbon technologies once the CfD regime is introduced, pending a decision on this in early 2014. This falls in line with new EU guidelines laid out on competition.
The Government has issued draft investment contracts to the sixteen new renewables projects that have progressed to the next stage of the 'FID Enabling for Renewables process'. Ten of these projects have been informed they are provisionally affordable under the budget caps announced on 4th December, but all are able to remain in the process until it is completed, and the contracts are awarded, due in spring 2014.
A Capacity Market is to be introduced which will work by providing regular payments to capacity providers so that they are available to generate energy when capacity is tight, or face penalties. This will drive investment in generation whilst ensuring costs are kept low. The Government today confirmed the level of system security that will be needed under this mechanism.
Ofgem has also today approved a request from National Grid to develop new services to ensure that we have adequate capacity in the period before the Capacity Market is up and running. This will see existing and mothballed facilities becoming available to generate power to meet additional demand as required.
F&S Energy are now buying electricity from well over 1,000 renewable generators throughout the UK.
F&S Energy, a leading independent PPA (Power Purchase Agreement) provider in the United Kingdom, have secured a deal with Limejump Energy to buy the small-scale PPA portfolio which includes all renewable generators that are generating under 50GWh per annum, and the associated import customers. Moving customers over to F&S Energy began on May 1, 2024. To make the transition as smooth as possible, previously agreed rates will be honoured for a full year before reverting to F&S rates. F&S Energy purchases power from renewable generators throughout the UK, offering market leading rates and top levels of customer service for all of their clients. They sell the power they purchase on to business customers in the industrial and commercial sector. F&S Energy has released the following statement: “We are thrilled to take on small-scale customers from Limejump Energy into our portfolio. We thank all members of staff at Limejump Energy, and our team, for their efforts in ensuring a smooth transition of customers. We are appreciative of Ofgem for recognising F&S Energy as a reliable financial party, for generation customers, after successful completion of their trade sale compliance assessment further strengthening our position as a leading UK PPA provider.”
We are proud to be lead sponsors of the fantastic event Green City 2023
The Accelerated Loss of Mains Change Programme is an industry wide project that is taking place throughout the UK, being run by the National Grid and Distributors. The focus of this programme is to upgrade or replace embedded generation assets where possible. These new requirements will improve long-term energy network stability and prevent any embedded generators from being cut off. If your generator is between 11kW and 50MW and was installed before February 2018, you may have a type of loss of mains protection that is more sensitive and may cause them to unnecessarily trip. Funding is now available to upgrade your generator to help deliver a zero-carbon electricity grid through the ALoMCP. By applying for this, you could potentially claim thousands of pounds to help make mandatory Loss of Mains protection changes for your sites. Funding will reduce in Spring in 2022 and the final deadline to apply is 10th May 2022, otherwise generators could be subject to an enforcement programme. Please follow https://www.ena-eng.org/ALoMCP/ to apply for funding. Alternatively you can contact your Distributor as they will have an allocated team to give you a hand. If you need any help finding out who your distributor is, please give us a call on 01245 690151 or email us at info@fs-energy.co.uk .
F&S Energy has teamed up with leading solar PV optimising and monitoring company, HIT Energy Services. It will mean their hundreds of customers will get market-leading rates for the excess electricity they produce, with this green energy then helping to power the businesses we supply around the U.K. The UK-based company work with farmers, agricultural firms and landowners on existing systems to carry out a health check and monitor the systems using their award-winning platform. F&S Energy has provided a route to allow this green energy to be passed on to other environmentally-conscious businesses, with everyone benefitting. “Because of the rise in energy prices, what is produced from solar is more valuable than ever,” said Simon Hopkins of HIT Energy Services. “We have been keen to help our clients make the most from what they produce and do not use in their business operations. This new partnership is perfect as F&S Energy understands the renewables sector and is as passionate as us about helping people live greener lives.” F&S Energy managing director Steven Funnell said: “At F&S we have always taken the approach of doing the right thing by our customers and letting our reputation do our marketing for us. We see HIT as a perfect match to partner up with and to offer their services to our customers.” HIT Energy Services’ work has been recognised with a string of accolades - at Lamma 2020, the company scooped the online innovation award, while it also beat hundreds of other products to be ranked seventh in the Midlands Tech 50 list. Now, the innovations its engineers have created to make solar a reliable source of power are set to benefit many more businesses. Simon added: “We have been keen for our industry to help out in this time of crisis, while also providing a boost to the sector. Our link-up with F&S Energy will mean everyone benefits, from the Solar PV owner to the businesses being powered by cheaper, greener energy
Peer-to-peer trading not only allows consumers to know exactly where their power is coming from and the confidence to know that they are truly being supplied from a renewable source. But also provides a financial benefit for both electricity consumers and the generators through a discount on industry costs
A new series from F&S Energy in which we meet some of our key customers, connecting the generators with businesses to show who, how and where their green energy they buy comes from.
F&S Energy, a leading independent PPA provider and FIT licensee, have secured a deal with Bristol Energy to purchase the entire renewable energy generator portfolio (PPA contracts), along with Bristol Energy’s commercial FIT customers and the transfer of 1 staff member. Earlier this year Bristol City Council announced its intention to put Bristol Energy up for sale, and over the past few months Bristol Energy have been working in the background to find the best placed homes for their customers and contracts. Previously it was announced that the business customers would be moved to Yu Energy and the domestic customers will be transferred over to Together Energy. Concurrently to this, the deal to place the PPA portfolio was agreed with F&S Energy with the contracts being novated on the 1st of October. The combined contracted capacity moving to F&S is circa 91MW. F&S Energy purchase power from renewable generators throughout the UK, offering market leading rates and top levels of customer service for all of their clients. They sell the power they purchase on to business customers, providing each customer with 100% true renewable power sourced from local generators at prices that beat traditional suppliers. Quote from Steven Funnell MD F&S Energy: “We are very pleased that Bristol City Council chose to move Bristol Energy's renewable generator portfolio over to F&S Energy. We welcome these new customers and will continue to give them the excellent customer service that our existing customers have become used to.”
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