It's a good week for energy geeks! I've been working through the Department for Energy Security and Net Zero REMA second stage consultation paper and options analysis with colleagues in the Foot Anstey LLP Clean Energy team, and we share our initial thoughts on some of the key provisions. We're still going through the fine details and analysis, but overall it seems to be a pretty sensible set of potential reforms being taken forward (Regen neatly referring to this as "Progressive Market Reform"). There is still a lot of complexity to work through within REMA and then in implementing the reforms themselves - not to mention resulting changes that would be required to the connections process and planning system if certain measures were to be adopted (looking at you, Zonal Pricing!), but overall I'm feeling positive and looking forward to spending more time with these documents in coming days. #REMA #energy #energytransition
Kieran van Bussel’s Post
More Relevant Posts
-
If you missed our Budget review webinar then you missed a cracker and need to catch up with the recording (link below)! Liz Perrone from AGL presented a review of the energy related measures in the Budget, followed by Lisa Zembrodt of Schneider Electric who outlined the Mandatory Climate-related Financial Disclosures and the opportunities for unlocking value from compliance. Jacob Elkhishin from RSM Australia then led a panel discussion on current Australian energy policies. Watch the recording here: https://lnkd.in/gTvrR4rS #energyproductivity #Budget2425 #energypolicy #energy #CRFD #decarbonisation
To view or add a comment, sign in
-
2023 was a major year for the energy sector, particularly when it comes to announcements from Westminster. Energy became a mainstream focus, with the volatility in the wholesale energy markets demanding action at government level to reduce energy invoices and provide stability, all while keeping our net zero ambitions on track. Here, Anthony Ainsworth outlines five of the main developments last year, and what these mean for UK businesses ➡️https://nbs.energy/3tzNy1F
2023 policy review: what were the key announcements for businesses this year?
To view or add a comment, sign in
-
Thank you Congressman Sean Casten and Senator Richard Durbin for introducing the REDUCE Act highlighting how important it is to make access for #demandresponse and #virtualpowerplants more equitable across all US states. Aggregated #DR resources have brought thousands and thousands of MW to market where states alone did not. Now, it's more important than ever to allow these resources to bring economic relief and grid reliability to states seeing unprecedented load growth and rising electricity prices. These are also not small savings amounts we're talking about. The U.S. Department of Energy (DOE) VPP Liftoff Report (thank you Jen Downing and Jigar Shah!) highlights how deploying VPP capacity is urgently needed to address meet growing peak demand and save Americans billions. So why should local businesses and consumers in some states benefit from this and not others? I can't come up with a good reason. Hopefully the Federal Energy Regulatory Commission will now open a rulemaking to fix this inequity once and for all. PS: "REDUCE" stands for: Responsive Energy Demand Unlocks Clean Energy. So true. https://lnkd.in/gPT9H95D #energytransition #DR #DERs #VPPs #Order2222 Neil Chatterjee
Casten, Durbin Introduce Legislation to Eliminate Demand Response Opt-Out | U.S. Congressman Sean Casten
casten.house.gov
To view or add a comment, sign in
-
The energy transition is leading to a shift from operating costs to capital costs across various sectors, which has increased the importance of overall financing costs and thus the significance of regulatory risk. Lorenz Wieshammer, CFA outlines the shifting cost composition of the energy transition and the impact of current energy policy and regulatory decisions on regulatory risk here: https://bit.ly/4fFpQo8
To view or add a comment, sign in
-
Commenting on today’s General Election result, Anthony Ainsworth, Chief Operating Officer at npower Business Solutions comments: “As we welcome the Labour Party into Number 10, and a new Secretary of State for Energy Security and Net Zero, now is a prime opportunity for the new government to be both pro-energy and pro-business. “Our latest Business Energy Tracker asked businesses what they want to see from the government and the message coming through was loud and clear - simplify policy, introduce support to help them reduce energy demand, and cut red tape. “Although there are positive signs that the wholesale energy market is calming after two years of volatility, the Business Energy Tracker shows that the energy crisis is not ‘over’ for businesses. Energy remains the top risk they are facing, so they will want to work in partnership with the new government to shape future policy. “That is why we have launched our ‘#RedTapeChallenge’, to work with government to set a policy and legislative agenda that gives businesses the confidence to invest. It’s time to cut through the noise, reduce policy barriers and put clear pathways in place to support businesses and net zero.” You can the access the Business Energy Tracker here: https://nbs.energy/3xNiayV
To view or add a comment, sign in
-
Each state has its own unique needs and challenges, and only local stakeholders can identify those in a timely manner. If a transition to different energy sources happens, it should be driven by the free market and choice, not government compulsion. https://lnkd.in/gneGVyab
19 State Coalition Challenging the Federal Energy Regulatory Commission’s Scope
mountainstatespolicy.org
To view or add a comment, sign in
-
My Mission is to make every building in Australia, Energy Efficient, through High-Performance Thermal & Glazing technologies. Let's Talk Solutions!
When we build a NEW Home, we use NatHERS to do the thermal performance modelling of the home prior to building, which is great! BUT, then we don't actually confirm that the home performs thermally as designed once it's built. What is the logic in that??? We have no real understanding of whether what we are building is actually any good. Unless you verify a home's performance post-construction, the certificate that says that it's 6 or 7 Stars isn't really worth the piece of paper that it's written on. The whole system needs a major overhaul.
This week in Senate Estimates, Assistant Minister for Energy Jenny McAllister and independent Senator David Pocock discussed the urgent need to help Australian households take part in the energy transition to ease cost of living pressures and drive down emissions. As our CEO Luke Menzel points out in RenewEconomy, our state-based efficiency schemes mean Australia has a huge amount of capacity for energy efficiency and electrification upgrades, but critical minimum performance standards and national energy performance disclosure are still missing parts of the puzzle. Read the full piece at https://lnkd.in/gb9E6PCW
To view or add a comment, sign in
-
An article on Energy Live has highlighted how The International Energy Agency has raised 'concerns over rising energy prices and inequalities, urging policies to safeguard affordability and fairness during clean energy transitions' Read more 👉 https://lnkd.in/e5bDrgXY ✉️ info@businessenergysavingsteam.com 📱 0333 2008 666 #energysavings #energybills #saveonenergy #businessavings
To view or add a comment, sign in
-
Non-commodity costs, aka pass-through charges, are third party charges that are added on to each of your energy bills. These charges can be included in both gas and electricity bills but are being increased to mitigate risings costs due to the carbon reduction and energy efficiency schemes. They are categorised into several groups: · Government policies, levies, and schemes · Network and distribution costs · Balancing services and ancillary costs · Metering and settlement costs · Regulatory and industry costs By considering how to optimise your energy usage and energy sources we can help you to cut down on these rising costs. Contact us today to see how we can help you with your non-commodity costs at 0333 0058 853, or visit https://lnkd.in/eizmYapX #costs #renewableenergy #sustainable #energy
To view or add a comment, sign in
-
What does REMA mean for the future of energy transition? 🌍 Find out by joining our UK experts as they delve into the UK Government’s second consultation on electricity market arrangements. We’ll explore zonal pricing, capacity market reforms, Contracts for Difference, and long-duration assets. 👇
Energy transition: REMA forever?
pinsentmasons.com
To view or add a comment, sign in