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General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. The result was bad news for Britain's 2050 net zero emissions target, which calls for 50 gigawatts (GW) of offshore wind capacity by 2030 versus around 14 GW now. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded, but developers did not even bid in the latest auction, the results of which were published on Friday. The lack of new offshore wind capacity would cost consumers 1 billion pounds a year, it added. Bid prices for renewable energy CfDs are expressed in 2012 money, with inflation meaning actual prices are higher.
Persons: Orsted, Phil Noble, Graham Stuart, Ed Miliband, Sweden's Vattenfall, Nora Buli, Miral Fahmy, Jason Neely Organizations: REUTERS, UK's Department for Energy Security, Turbine, Energy, Britain, Labour Party, Conservatives, Thomson Locations: Walney, Blackpool, Britain, OSLO, Oslo
LONDON, Jan 9 (Reuters) - Britain announced new proposals on Monday aimed at avoiding electricity blackouts and incentivising greater investment in low carbon technologies. The so-called capacity market ensures there is reliable electricity supply to meet peaks in demand, safeguarding against the possibility of blackouts if intermittent sources such as those dependent on weather, are not generating enough. Security of energy supply has become a more urgent political issue in light of threats to long-term gas supplies across Europe following Russia's invasion of Ukraine. "The plans set out today will deliver this reliable energy and ensure the scheme that sits at the heart of Britain’s energy security is fit for the future." Addressing industry concerns, the government is proposing multi-year contracts for low carbon flexible capacity.
Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies is open for applications. The fund, announced in July, will award grants to businesses involved in uranium conversion, a key stage in the process of creating nuclear fuel from the metal. Up to 13 million pounds from the fund has already been awarded to the Springfields nuclear fuel manufacturing site in northwest England, the government said. Planned additions to nuclear electricity generation capacity will reduce Britain's reliance on natural gas, which fueled around 45% of generation in 2021. Britain in November said it would become a 50% shareholder in the Sizewell C nuclear project by providing 700 million pounds in funding to the plant, which is planned for southeast England.
LONDON, Jan 2 (Reuters) - Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications. The fund, announced in July, will award grants to businesses involved in uranium conversion, a key stage in the process of creating nuclear fuel from the metal. Up to 13 million pounds from the fund has already been awarded to the Springfields nuclear fuel manufacturing site in northwest England, the government said. Planned additions to nuclear electricity generation capacity will reduce Britain's reliance on natural gas, which fuelled around 45% of generation in 2021. Britain in November said it would become a 50% shareholder in the Sizewell C nuclear project by providing 700 million pounds in funding to the plant, which is planned for southeast England.
The countries made their pledges at the COP27 climate talks in Egypt's Sharm el-Sheikh, among a group of new signatories to the Zero Emission Vehicles Declaration (ZEVD), launched at last year's conference in Glasgow. [nL1N2S11J6]Signatories, including countries, municipalities and companies, pledged to shift to 100% sales of zero-emission vehicles by 2035 in leading markets and by 2040 across the globe. The total number of signatories to the pledge now stands at 214, from 130 a year earlier. Going forward, the ZEVD would be overseen by a new group, the Accelerating to Zero Coalition, that aims to help signatories implement their commitment. Data released by BloombergNEF showed 2022 would be a record year for sales of zero-emission vehicles with electric vehicles comprising 13.2% of all sales in the first half of the year.
Britain's Ofgem to urge public to reduce energy usage - FT
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
Oct 13 (Reuters) - Britain's energy regulator Ofgem will on Thursday urge consumers to reduce their energy usage "where possible", the Financial Times reported, less than a week after climate minister Graham Stuart said that the country would not ask its people to use less energy. The energy regulator's move would come as it prepares to launch a campaign to help households reduce their electricity and gas usage, the FT said. Senior Cabinet Office Minister Nadhim Zahawi said on Sunday it was "extremely unlikely" Britain would have planned power cuts over winter, responding to a warning from National Grid (NG.L) that the country could face blackouts if it cannot import enough energy. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jose Joseph in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
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