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Industry News DRAFT ENERGY BILL PUBLISHED


May saw Ed Davey, Secretary of State for Energy and Climate Change, publish a draft of the Energy Bill, ready for Pre-Legislative Scrutiny.


The draft Bill aims to reform the electricity market and provide investors with transparency, longevity and certainty, to attract the £110bn required to build new low-carbon capacity. It will be designed to encourage a balanced portfolio of renewables, new nuclear and Carbon Capture and Storage (CCS), and to ensure that these technologies can compete fairly in the market-place.


National Grid is to be appointed as the delivery body for Electricity Market Reform, to provide analytical basis for Government decisions and to administer two new market mechanisms:


• Feed-in-Tariffs with Contracts for Difference (CfDs), to provide long term support, with stable and predictable incentives for companies to invest in low-carbon generation. Returns will be offered at a fixed level known as a ‘strike price’. The first strike prices will be published within the Delivery Plan in 2013.


• A Capacity Market to provide security of electricity supply by ensuring sufficient reliable capacity is available.


These measures will be supported by an Emissions Performance Standard (EPS), which will limit carbon dioxide emissions


from the most polluting fossil fuel power stations, and a Strategy and Policy Statement (SPS) to improve regulatory certainty by ensuring that Government and Ofgem are aligned at a strategic level.


The Bill also ensures that the Office for Nuclear Regulation will be fully able to meet the future challenges of regulating the nuclear industry, as the new builds kickstart. Finally, it contains provisions that will enable the sale of the Government Pipeline and Storage System (GPSS).


The Bill is expected to achieve Royal Assent in 2013, so that the first low-carbon projects can be supported in 2014.


Officials from E.On UK, RWE nPower, Scottish and Southern Energy, Scottish Power, EDF Energy and Centrica came together before the House of Commons’ Energy and Climate Change Committee (ECCC) on 12th June to discuss the proposed measures. As NuclearCONNECT went to press, the ECCC hearings were due to continue on 19th June.


Draft Bill: www.decc.gov.uk/en/ content/cms/legislation/


energybill2012/energybill2012.aspx


ECCC updates: www.parliament.uk/ business/committees/committees-a-z/ commons-select/energy-and-climate- change-committee/


ALL-ENERGY 2012 SUCCESS


Also in May, sunny Aberdeen was host to the 12th annual All-Energy conference, attended by over 8000 people from 50 countries.


Occupying an area of 7000 sqm (not including the outdoor area), the 580 exhibiting companies included our very own CONNECT series team. New features for 2012 included sector-specific visitor trails and three new sections – Offshore Maintenance, Smart Energy and a Low Carbon Vehicle Zone featuring ‘Ride & Drive’.


Speaking in the plenary session were: Lord Provost George Adam; Alex Salmond, the First Minister of Scotland; Charles Hendry, Minister of State for Energy; Keith Anderson, Chief Corporate Officer at ScottishPower; and David Gartside of the Health and Safety Executive; along with three five-minute quick-fire presentations from Gamesa, the Crown Estate, and ITM Power.


Hendry placed energy security at the heart of energy policy and spoke about rebuilding our power sector through electricity market reform highlighting that the investment of £110bn over the coming decade could lead to as many as 250,000 jobs in the energy sector.


On the role of nuclear, he said: “As well as oil and gas and Carbon Capture and Storage, a balanced policy for energy security also means new nuclear, which is one of the cheapest low-carbon source of electricity, and we have taken the steps to make other parts of the UK one of the most promising places in Europe for nuclear new build.


“We expect that, with some life extensions of our existing nuclear fleet and the first new build plants just coming though, nuclear will still account for around 20% of our electricity generation, as it does today.”


He ended by highlighting the incredible opportunity for growth and new jobs, sending out a clear message to all good engineers or scientists: “there is simply no other sector which offers the same prospects for high-quality, well-paid, long-term employment. The industry needs you and you’ll never regret a decision to work in the sector.”


Thank you to all those who came to visit our resplendent CONNECT series stand, and we hope to see you all again in 2013!


www.all-energy.co.uk 8 NuclearCONNECT


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