Giving local people a stake in energy generation often overcomes planning objections to structures such as wind and solar farms, and dozens of communities across the UK have seized the opportunity to create their own power. But the move has not been fast enough, according to the coalition of community groups, which adds that many places are missing out on the chance to produce their own low-carbon and low-cost energy, supported by government subsidies.
The civil society groups include some of the leading non-governmental organisations in the UK, including the Co-operative, the National Trust, the Church of England and the National Federation of Women's Institutes.
Representatives of all the groups were set to meet Chris Huhne, the energy and climate change secretary, to press their case.
Not only did the Leominster Community Solar Co-Operative (LCSC) reach its target of £150,000 and install its solar system on deadline, it managed to raise 40% more than their target amount, indicating the scale and support for community owned solar initiatives across the UK.
However, the Government's unlawful slashing of the feed in tariff subsidies available for domestic sized solar power projects has meant that the additional 40% of funding had to be returned to investors, rather than being invested in a second local scheme.
Says Eithne George of LCSC: "The success of the Leominster Community Solar project serves to illustrate how popular community solar initiatives like this are. It addresses issues around planning as well as providing the local community with a source of its own power.
“We hope the Government take note of the fact that other communities are being deprived of such schemes because of the unpredictability of the system, not because of lack of interest."
DONG Energy has today signed an agreement to sell 50 per cent of the German offshore wind Borkum Riffgrund 1 to the LEGO Group’s parent company, KIRKBI A/S, and the Oticon Foundation, via its investment company, William Demant Inves in a deal woth £500 million.
The deal will support LEGO's target of powering its entire operation through renewable energy by 2020.
When completed Borkum Riffgrund 1 will consist of 77 3.6 MW wind turbines from Siemens Wind Power. The wind farm will be able to supply CO2-free power equivalent to the annual electricity consumption of more than 285,000 households.
Consumers who switch energy suppliers via pushy salespeople in supermarkets and shopping centres could actually end up paying more for their gas and electricity, according to a study by Which?. Instead of saving money, researchers from the consumer ... See all stories on this topic » | TotallyMoney News |
The UK’s big six energy firms were given the cold shoulder this Valentine’s Day.
On Monday, the Energy Services Ombudsman penned a poem called “It’s not me, it’s you” and it went something like this:
“I admit it appalled me / that day you first cold-called me / but you charmed me / won me over / told me I would be in clover.”
On it goes for 18 stanzas, accusing the likes of npower and E.on of neglect, high tariffs and game-playing.
E.on responded yesterday, also in verse.
Here are a few choice snippets:
“You’re right, it’s me, I’ve done some wrong / I’ve been bad at explaining for far too long / Please don’t forget all the things I've done right / I’ve kept your house warm and kept on the lights / And all of that, it comes at a price / It would be free if it could, wouldn’t that be nice?”
Three can play at this game:
“In reply to E.on, I’ll rhyme a bit / Don’t give up the day job, just get better at it.”
= Steak to the heart =
Ad nauseam. Yesterday corporates jumped aboard the love bandwagon.
Adam Bates, KPMG’s head of risk (you’d think he’d know better) tweeted: “Happy Valentines Day Everybody - live with passion at #KPMG Risk Consulting.”
Vinculum fund managers sent out cards. According to the memo received by the Daily Telegraph “love is... performance related.”
But one small businessman in Tewksbury had heart.
Anthony Bowness, a butcher recommended by the EBLEX (organisation for beef and lamb levy payers in England) crafted a bouquet from sirloin steak.
At £15 a bunch it’s not as cheesy as 12 red roses and much cheaper than the florists.
= Petals test the mettle =
Not everyone embraced the spirit of St Valentine.
A secret agent tells me the Old War Office, home to the Ministry of Defence, would not accept flowers yesterday in the “interests of national security.”
The MoD aren’t lovers, they’re fighters.
= Brian's bottom line =
Is that a wad of cash in your pocket, Brian Magnus, or are you just pleased to see me?
The former head of UK investment banking at Morgan Stanley (EUREX: DWDF.EX - news) , and now boss of European equities at the bank, has sunk a decade of earnings into an underwear start-up called Got Wood.
Let’s try to keep this clean.
The men’s briefs, made of bamboo material and Spandex, have anti-bacterial properties. The pants are available for £15.99 a pair.
With bonuses now capped at Morgan Stanley, let’s hope that Got Wood isn’t a bum investment for Brian.
= FA chief's own goal =
The Football Association is still deliberating over the appointment of the next England manager.
Last week Italian gaffer Fabio Capello announced his immediate resignation.
In response a few members of the national squad tweeted their desire for an English England manager.
The FA echoed this.
Chairman, David Bernstein, stated: “There is a preference for an English or British person.”
Perhaps Mr Bernstein needs to re-equate himself with the corporate waffle on his website.
“The FA Group is an equal opportunity employer.”
= News Corp, honestly =
In the wake of the News of the Screws media scandal, News Corporation (NasdaqGS: NWS - news) set up a Management and Standards Committee.
The web page sets out the company’s “standards of business conduct”.
It reads “we are at all times truthful and accurate.”
And “we don’t offer, give, solicit or accept bribes or kickbacks.”
Somewhat undermined by the recent arrests of journalists from News Corp-owned tabloid, The Sun , who allegedly paid contacts.
= Scots can't bank on RBS (LSE: RBS.L - news) trophy display =
It could be a sign - just not necessarily a good one.
According to my man in the braces, the Six Nations trophy is on display in the Royal Bank of Scotland’s City branch.
“As close as the Scots are likely to get to the cup,” goads the banker.
UK spot gas prices on Monday morning returned to levels common during the winter heating season as milder weather pulled demand back closer to seasonal norms. At 346.9 million cubic metres (mcm), Monday's gas demand was expected to be around 4.53 percent above the daily seasonal norm, according to data from National Grid. Last week, cold weather pushed daily gas prices and demand to multi-year highs, but spot gas prices in Britain have come off more than 40 percent from their highs around 100 pence per therm last week.
"This is an opportunity for the UK to further develop the way energy is distributed, whether this is a new or early stage idea or an existing technology from another industry," said Denise Massey, director of the EIC. "We are looking for products that will help manage demand and encourage more efficient use of energy in the home and workplace."
It is estimated that the UK power industries operate networks with a replacement value of £150billion. The low carbon agenda is expected to change the way energy is bought and procured in the future, which is why the EIC is looking to invest in SMEs, start ups and inventors with new solutions and ideas.
The preliminary findings of the report, dubbed Thinking about the Affordable, were made public last November. They claimed Britain could meet its 2020 carbon reduction targets more cost effectively by building nuclear and gas-fired power stations instead of wind farms.
The latest UK government data show Qatari LNG imports were equivalent to 52% of the gas consumed over the first 9 months of 2011 up from 11% for 2009 as a whole.
Qatar also accounted for 85% of UK LNG supplies between January and November last year with Nigeria a weak second at just 5%. Britain’s gas market is exposed to diversions of Qatari ships to countries that pay more to shipping restrictions or unplanned outages on production facilities.
One UK gas trader at a utility said that if Qatari LNG supply to Britain was cut off, UK gas prices would spike to oil indexed levels to attract imports and possibly even higher to attract LNG from elsewhere. An event considered routine in other markets the news leak last summer of Qatar’s LNG autumn maintenance schedule for its LNG trains had the power to push UK winter gas prices up 3% in a day.
British gas prices also soared in March last year when Japan, also a big LNG importer was hit with the Fukushima nuclear crisis and started replacing nuclear capacity with additional gas imports.
UK spot gas prices rose to their highest levels since early 2006 on Monday morning as extreme cold continued to sweep across Britain and most parts of Europe. Bitterly cold weather throughout Europe has left large parts of the continent struggling to cover gas and power demand, while forecasters warn that low temperatures would continue into next week. Gas prices for within-day delivery were trading at 79 pence per therm 0815 GMT, and prices for delivery on Tuesday were at 78.50, up around 4 pence since Friday afternoon.http://af.reuters.com/article/energyOilNews/idAFL5E8D61DF20120206
Lower than normal LNG supplies has added further upward pressure on prices and outlook uncertainty seems to have added a short term risk premium to the market, as traders struggle to find a price direction.