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Author: Great Britain: Department of Energy and Climate Change
Publisher: The Stationery Office
ISBN: 9780102975147
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
The Government and Ofgem are required to report annually to Parliament on the availability of electricity and gas for meeting the reasonable demands of consumers in Great Britain. This is the second annual report of this title [previously known as "Energy markets outlook"]. This is a technical report focusing on gas and electricity. Other fuels (coal, nuclear fuel, renewables) are also mentioned in the electricity chapter in the context of electricity generation. A chapter on oil is included for completeness though not a statutory requirement. The projection of peak demand for electricity remains at 60GW whilst generation capacity stands at 90.2GW. However, the coming decade will see many changes in the electricity markets, with the closure of a number of coal and oil fired plant that are considered too polluting by modern standards, and nuclear plant that are scheduled to come to the end of their working lives. New plant being built or going through the planning process, and renewable projects will replace the capacity due to close with cleaner technologies, enhance security of supply. The security of gas supply is in the short to medium term broadly benign in the near term, though it is not risk-free. It is the medium to long term that will be challenging. Whilst UK production is forecast to decline, there is an increasingly large and diverse range of import sources on which to draw. The report also looks at the security of supply of oil. Transport accounted for 75 per cent of final consumption of oil products in 2010. Significant reductions in oil demand are not expected over the next 20 years as the transport sector is the main consumer of oil and will continue to be heavily dependent on it over this period. UK oil production is declining and oil imports are forecast to increase in response to this decline.
Author: Great Britain: Department of Energy and Climate Change
Publisher: The Stationery Office
ISBN: 9780102975147
Category : Business & Economics
Languages : en
Pages : 60
Get Book Here
Book Description
The Government and Ofgem are required to report annually to Parliament on the availability of electricity and gas for meeting the reasonable demands of consumers in Great Britain. This is the second annual report of this title [previously known as "Energy markets outlook"]. This is a technical report focusing on gas and electricity. Other fuels (coal, nuclear fuel, renewables) are also mentioned in the electricity chapter in the context of electricity generation. A chapter on oil is included for completeness though not a statutory requirement. The projection of peak demand for electricity remains at 60GW whilst generation capacity stands at 90.2GW. However, the coming decade will see many changes in the electricity markets, with the closure of a number of coal and oil fired plant that are considered too polluting by modern standards, and nuclear plant that are scheduled to come to the end of their working lives. New plant being built or going through the planning process, and renewable projects will replace the capacity due to close with cleaner technologies, enhance security of supply. The security of gas supply is in the short to medium term broadly benign in the near term, though it is not risk-free. It is the medium to long term that will be challenging. Whilst UK production is forecast to decline, there is an increasingly large and diverse range of import sources on which to draw. The report also looks at the security of supply of oil. Transport accounted for 75 per cent of final consumption of oil products in 2010. Significant reductions in oil demand are not expected over the next 20 years as the transport sector is the main consumer of oil and will continue to be heavily dependent on it over this period. UK oil production is declining and oil imports are forecast to increase in response to this decline.
Author: Great Britain: Department of Energy and Climate Change
Publisher: The Stationery Office
ISBN: 9780102986662
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
This report discharges obligation under section 172 of the Energy Act 2004 as amended by section 80 of the Energy Act 2011; to report annually on the availability of electricity and gas for meeting the reasonable demands of consumers in Great Britain. It also discharges obligation under certain EU Directives to monitor and report on gas and electricity security of supply issues. This year's report includes two annexes: the Secretary of State's response to Ofgem's Electricity Capacity Assessment report; and an update to the indicators on security of supply published in the Energy Security Strategy of November 2012. Great Britain's electricity system faces some significant challenges over coming years. Older more polluting generation capacity has been closing under EU directives and some generation infrastructure is naturally coming to the end of its working life. In addition the system needs to ensure the UK can meet its decarbonisation objectives. In relation to gas, GB has the most liquid and one of the largest gas markets in Europe with extensive import infrastructure and a diverse range of gas supply sources. If necessary it could meet nearly double (189 per cent) its annual demand from imports alone. With regards to oil, the international nature of oil markets mean that if there are issues with a particular supply source it is likely to impact on prices paid, as opposed to physical supplies, as other supplies step in to take advantage of higher prices on offer. However GB's dependence on imports is expected to increase as oil demand globally continues to rise, and as global production becomes more complex
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215561886
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
The Government must start thinking strategically about energy security to protect the UK's energy supply against short-term shocks and rising global energy prices, according to a report by MPs on the Energy and Climate Change Committee. Gas storage capacity needs to be increased in the UK to minimise the potential damage from supply interruptions or price spikes, the report argues. It reveals that the UK's current storage capacity amounts to only 14 days worth of gas supply - a dangerously low level compared with France which has 87 days worth of gas storage, Germany 69 and Italy 59. 19 gigawatts (GW) of ageing electricity plant will close by 2018 and the UK will become increasingly reliant on energy imports as North Sea oil and gas reserves decline. The report concludes that new electricity generation currently being built or planned will fill this "gap". But it urges the Government to ensure security of supply by delivering on its energy efficiency targets, rolling out smart meters - that can balance demand - and maintaining a diverse energy mix.
Author: Great Britain: Department of Energy and Climate Change
Publisher: The Stationery Office
ISBN: 9780101846622
Category : Political Science
Languages : en
Pages : 78
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Book Description
Dated November 2012
Author: John S. Duffield
Publisher: JHU Press
ISBN: 1421416743
Category : Political Science
Languages : en
Pages : 385
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Book Description
Is the quest for true energy security a fool’s errand? In recent years, the efforts of nations to promote energy security have been hotly debated. Fuels Paradise examines how five major developed democracies—Britain, France, Germany, Japan, and the United States—have sought to enhance their energy security since the oil shocks of the 1970s and in response to the more diverse set of challenges of the early twenty-first century. Drawing on a vast range of primary and secondary sources, John S. Duffield explains the actions taken—and not taken—by these countries to address their energy security concerns. Throughout the book, Duffield argues that state strength and policy legacies are essential for understanding national responses to energy insecurity. In addition to identifying feasible energy policies and the constraints faced by policy makers, he evaluates the prospects for international cooperation to promote energy security and considers the implications of recent advances in the production and distribution of energy, particularly the fracking revolution. An ambitious cross-national and longitudinal study grounded in promising theories of national behavior, Fuels Paradise will contribute substantially to broader debates about the determinants of state action and public policy.
Author: Leigh Hancher
Publisher: Oxford University Press
ISBN: 0191066184
Category : Law
Languages : en
Pages : 443
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Book Description
Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments in renewable energy sources. These capacity remuneration mechanisms (or simply capacity mechanisms) have become a hot topic in the wider European regulatory debate. European electricity markets are increasingly interconnected, so the introduction of a capacity mechanism in one country not only distorts its national market but may have unforeseeable consequences for neighbouring electricity markets. If these mechanisms are adopted by several member states with no supra-national coordination and no consideration for their cross-border impact, they may cause serious market distortions and put the future of the European internal electricity market at risk. This book provides readers with an in-depth analysis of capacity mechanisms, written by an expert team of policy-makers, economists, and legal professionals. It will be a first point of reference for regulators and policy-makers responsible for designing optimal capacity mechanisms in Europe, and will be an invaluable resource for academics and practitioners in the fields of energy, regulation, and competition.
Author: Walter Leal Filho
Publisher: Springer Science & Business Media
ISBN: 1447152867
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
Despite efforts to increase renewables, the global energy mix is still likely to be dominated by fossil-fuels in the foreseeable future, particularly gas for electricity and oil for land, air and sea transport. The reliance on depleting conventional oil and natural gas resources and the geographic distribution of these reserves can have geopolitical implications for energy importers and exporters. Global Energy Policy and Security examines the security of global and national energy supplies, as well as the sensitivity and impacts of sustainable energy policies which emphasize the various political, economic, technological, financial and social factors that influence energy supply, demand and security. Multidisciplinary perspectives provide the interrelated topics of energy security and energy policy within a rapidly changing socio-political and technological landscape during the 21st century. Included are two main types of interdisciplinary papers. One set of papers deals with technical aspects of energy efficiency, renewable energy and the use of tariffs. The other set of papers focuses on social, economic or political issues related to energy security and policy, also describing research, practical projects and other concrete initiatives being performed in different parts of the world. This book will prove useful to all those students and researchers interested in the connections between energy production, energy use, energy security and the role of energy policies.
Author: Great Britain: Department of Energy and Climate Change
Publisher: The Stationery Office
ISBN: 9780101873222
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
The Annual Energy Statement 2013 sets out the government's priorities in delivering the UK's energy policies in the near term: helping households and businesses take control of their energy bills and keep their costs down; unlocking investment in the UK's infrastructure that will support economic growth; playing a leading role in efforts to secure international action to reduce greenhouse gas emissions and tackle climate change. It presents plans to make switching simpler and quicker, and a new probe into energy firms' accounts, to make them more transparent on profits and prices, as well as increasing penalties for market manipulation and regularly checking that the market is working properly
Author: Great Britain: Department of Energy and Climate Change
Publisher: The Stationery Office
ISBN: 9780101798327
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
In the coming decades we face major new challenges which require careful but far-reaching reform. Demand for electricity demand may need to double by 2050; there is a need to replace a quarter of our existing capacity by 2020; a need for power sector emissions to be decarbonised; and a need to meet the legally binding EU target for renewable energy. We also need to allow equal access to the electricity market for a wider range of technologies. The Government is now consulting on a package of options for the reform of the electricity market. The proposals are specifically designed to ensure that low-carbon technologies become a more attractive choice for investors, and adequately reward back up capacity. The proposals are four-fold: carbon price support; feed-in tariffs with long-term contracts; capacity payments; and an emissions performance standard. The consultation will run until 10th March 2011
Author: Great Britain: Department of Energy and Climate Change
Publisher: The Stationery Office
ISBN: 9780101870627
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
This consultation document seeks views on proposals for implementing the key mechanisms under electricity market reform (EMR) - the Contracts for Difference (CfDs), the Capacity Market, and associated institutional and delivery arrangements. A package of draft secondary legislation is included to help illustrate the proposals. EMR is the Government's response to the challenges facing the electricity sector: a fifth of 2011 capacity has to close over the next ten years; the need to transform the generation mix to respond to climate change and to meet legally-binding carbon and renewable targets; the expectation that electricity demand will continue to increase over the coming decades. An estimated £110 billion investment is required over the next 10 years. CfDs will provide long-term revenue stabilisation to low-carbon plant, allowing investment to come forward at a lower cost of capital. The Capacity Market will provide a regular retainer payment to reliable forms of capacity (both demand and supply side), in return for such capacity being available when electricity supply is being squeezed. The National Grid will be the delivery body for EMR. The key mechanisms will be supported by: carbon price floor, a tax underpinning the price of carbon emissions in the UK; emissions performance standard, a regulatory backstop to the amount of CO2 emissions from new fossil-fuel power stations; action to promote electricity demand reduction; Ofgem's measures to improve wholesale market liquidity. The Energy Bill currently progressing through Parliament will introduce the powers to implement EMR.
