by David | Nov 1, 2024 | Energy News
by David | Nov 1, 2024 | Energy News
by David | Nov 1, 2024 | Energy News
SSE has introduced a £10 million hydro community benefit fund to support projects in areas hosting its hydro power infrastructure across Scotland.
A recent report by Biggar Economics indicated that capital investment in hydro over the past 80 years amounts to £7.5 billion, supporting over 10,000 jobs annually in Scotland, including 5,519 in the Highlands and Islands.
SSE Renewables has consulted with community councils to identify key priorities for the new fund, which include enhancing sustainable community transport, providing affordable housing, fostering small business growth, improving community assets and infrastructure, and promoting physical and mental well-being through arts, culture, sports, and recreation.
To manage the fund effectively, an independent decision-making panel has been established.
The panel includes nine local community representatives and a representative from SSE Renewables, chaired by Felix Spittal.
The Hydro Community Fund will hold two funding rounds each year, with the panel convening biannually to review applications.
The post SSE launches £10m Hydro Community Fund appeared first on Energy Live News.
by David | Nov 1, 2024 | Energy News
We’re thrilled to unveil the shortlisted nominees for the Most Trusted Consultancy – Large award at TELCA 2024, sponsored by SEFE.
This category highlights consultancies that have consistently demonstrated exceptional trustworthiness and client satisfaction among large customers.
The finalists include Equity Energies, Experienced Energy Solutions, Indigo Swan, Mitie, Total Energy Solutions, Utility Aid and ZTP.
Each of these companies has established a strong reputation for integrity and reliability, and we look forward to honouring their contributions at the TELCA awards ceremony!
The post Most Trusted Consultancy – Large Shortlist for TELCA 2024: Celebrating Trusted Leaders in Energy appeared first on Energy Live News.
by David | Nov 1, 2024 | Energy News
A new report has found that Britain’s current electricity market arrangements are inadequate to meet future energy demand.
The report calls for significant reform in the electricity market, emphasising the necessity of implementing zonal pricing to adjust electricity prices based on regional supply and demand.
Commissioned by Octopus Energy, the report outlines transitional measures aimed at protecting investor confidence while reducing consumer energy bills.
These recommendations align with the UK’s Clean Power 2030 Mission, which focuses on increasing the share of clean energy in the national electricity supply.
The report suggests several strategies for investment protection, including amendments to Contracts for Difference, measures to address “volume risk,” and exploration of “locational price risk” protections.
These strategies are intended to facilitate a smooth transition to zonal pricing while ensuring continued investment in renewable energy projects.
Tom Luff, Practice Manager for Electricity Markets and Policy at Energy Systems Catapult, emphasised the importance of investment protection during this transition.
He noted that the proposals aim to balance the interests of investors and consumers.
The post ‘Electricity market reform is inevitable’ appeared first on Energy Live News.