Nuclear, coal or blackouts!
This is the decision that we are facing in the UK. The impending challenge that the UK faces in dealing with the energy question has still not been answered.
The need to energy shortfall that Britain is facing is imperative. The large combustion directive which comes into force in 2016 has implications on the way that hydrocarbon power stations operate. The decision to proceed with nuclear has been delayed for too long resulting in a shortage of UK engineers to deliver the project.
The issue of carbon capture and storage still has not been answered by the government, thus what do they do. Will the government proceed with new coal power stations without CCS to meet the shortfall or will they go for gas!!This is all before renewables is discussed. The need to look at all energy generation sources is a storm that is closing in.
Thursday, October 09, 2008
Wednesday, October 08, 2008
After the bail out!
What are the further ramifications of the government’s actions this morning?
The amount of money that the government is using to bail out the banking sector will have a large impact on other government projects.
What is the future of Crossrail and other large infrastructure projects! The Olympics I would imagine are secure as being such a show piece event for the UK. The questions will be on the projects just under the big news headlines. What will happen to the investment in the roads and rail networks will the government look to cut back to reclaim some of the money. Is the government prepared to make cuts in the totems of this labour government of schools and hospitals?
What are the further ramifications of the government’s actions this morning?
The amount of money that the government is using to bail out the banking sector will have a large impact on other government projects.
What is the future of Crossrail and other large infrastructure projects! The Olympics I would imagine are secure as being such a show piece event for the UK. The questions will be on the projects just under the big news headlines. What will happen to the investment in the roads and rail networks will the government look to cut back to reclaim some of the money. Is the government prepared to make cuts in the totems of this labour government of schools and hospitals?
Sunday, October 05, 2008
Feed in tariff
On the 14th October in the House of Lords a coalition of MP’s, Lords and a variety of organisations will be supporting the feed in tariff.
Seventeen European countries have adopted a feed-in tariff system with considerable success. In Germany the feed-in tariff generated 14.2% of its electricity from renewable sources, in the UK less than 5% of all electricity is generated from renewables.
The conservatives are pledged to a feed in tariff, even Gordon’s Browns work by Stern on climate change supports it Stern review p366:
"Both sets of instruments have proved effective but existing experience favours price-based support mechanisms. Comparisons between deployment support through tradable quotas and feed-in tariff price support suggest that feed-in mechanisms achieve larger deployment at lower costs. Central to this is the assurance of long-term price guarantees. The German scheme...provides legally guaranteed revenue streams for up to twenty years if the technology remains functional. Whilst recognising the importance of planning regimes for both PV and wind, the levels of deployment are much greater in the German scheme and the prices are lower than comparable tradable support mechanisms (though greater deployment increases the total cost in terms of the premium paid by consumers). Contrary to criticisms of the feed-in tariff, analysis suggests that competition is greater than in the UK Renewable Obligation Certificate scheme. These benefits are logical as the technologies are already prone to considerable price uncertainties and the price uncertainty of tradable deployment support mechanisms amplifies this uncertainty. Uncertainty discourages investment and increases the cost of capital as the risks associated with the uncertain rewards require greater rewards."
The question is why is it not yet in the energy bill?
On the 14th October in the House of Lords a coalition of MP’s, Lords and a variety of organisations will be supporting the feed in tariff.
Seventeen European countries have adopted a feed-in tariff system with considerable success. In Germany the feed-in tariff generated 14.2% of its electricity from renewable sources, in the UK less than 5% of all electricity is generated from renewables.
The conservatives are pledged to a feed in tariff, even Gordon’s Browns work by Stern on climate change supports it Stern review p366:
"Both sets of instruments have proved effective but existing experience favours price-based support mechanisms. Comparisons between deployment support through tradable quotas and feed-in tariff price support suggest that feed-in mechanisms achieve larger deployment at lower costs. Central to this is the assurance of long-term price guarantees. The German scheme...provides legally guaranteed revenue streams for up to twenty years if the technology remains functional. Whilst recognising the importance of planning regimes for both PV and wind, the levels of deployment are much greater in the German scheme and the prices are lower than comparable tradable support mechanisms (though greater deployment increases the total cost in terms of the premium paid by consumers). Contrary to criticisms of the feed-in tariff, analysis suggests that competition is greater than in the UK Renewable Obligation Certificate scheme. These benefits are logical as the technologies are already prone to considerable price uncertainties and the price uncertainty of tradable deployment support mechanisms amplifies this uncertainty. Uncertainty discourages investment and increases the cost of capital as the risks associated with the uncertain rewards require greater rewards."
The question is why is it not yet in the energy bill?
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