U.K.

IEEFA Research

IEEFA Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

IEEFA Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

Grid Proves Resilient in Face of 60% Drop in Coal Use in 2016; New Renewables and Interconnection Are the Future; Capacity Market Has Failed to Incentivize Modernization; More Targeted Auctions Would Help

The U.K.’s capacity market is the weak link in the country’s ongoing transition toward a resilient, low-carbon grid. That is one of the core findings in a  report—“Electricity-Grid Transition in the U.K.: As Coal-Fired Generation Recedes, Renewables and Reliable Generation Can Fill the Gap —we published today. The report finds that the U.K. grid is coping […]

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IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

Paying Producers for Electricity They Might Never Generate

  So-called capacity markets are driving what appears to be a major new trend in energy policy across Europe: More public subsidies for electric utilities. Utilities may get—but not necessarily need or deserve—high-level government support for a variety of reasons, including for their role in equity markets, where they supply returns and dividends for pension […]

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IEEFA Europe: Can Coal Power Hang On?

IEEFA Europe: Can Coal Power Hang On?

Investors May Not Be Eager to Absorb More Losses Like Those Seen in Recent Dutch Build-Outs

Investment in new coal-fired power plants appears off the agenda in Western Europe. Witness the astonishing write-down of brand-new assets in the Netherlands, where European utility giants RWE, Uniper, and Engie have drastically reduced their valuations of plants barely a year old (read the report we published this morning, “The Dutch Coal Mistake,” which concludes […]

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IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

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More News and Commentary

IEEFA U.K.: An Official Realization that Renewables and Better Cross-Border Interconnection Can Replace Coal-Fired Generation

IEEFA U.K.: An Official Realization that Renewables and Better Cross-Border Interconnection Can Replace Coal-Fired Generation

Latest Government Projections Undermine the Case for a Flagship Capacity Market That Subsidizes Conventional Generation

The U.K. government’s latest energy projections, out last week, show a grid dominated by renewables and electricity imports by 2025, exceeding the conventional generation presently supported by the country’s ratepayer-subsidized capacity market. This news comes on the heels of a report we published earlier this month on how interconnection with neighboring countries and renewable energy […]

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IEEFA Conference: Long Odds for U.S. Coal; Transition in Europe

‘We Live in a Time of Energy-consumption Choices, and Consumers Want Clean Energy'

The U.S. coal industry faces long odds against recovery, said panel members today at IEEFA’s Energy Finance 2017 conference in New York. Sheldon Stone, a partner at Amherst Partners in Detroit who specializes in bankruptcy cases, said bankruptcy-recovery plans filed by the likes of Peabody Energy and Alpha Natural Resources will in all likelihood fail. […]

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Big Shopping-Center Solar in the U.K.

Bloomberg New Energy Finance: Land Securities 100% Renewable, Plans UK’s Largest Shopping Center PV Array Land Securities Group is powered by 100% renewables under a contract with SmartestEnergy, according to Tom Byrne, energy manager, and is now looking to reduce its reliance on the grid by building up its own onsite portfolio of solar and […]

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IEEFA Report: U.K. Capacity Market Is Due for Reform

Energy Live News: The UK’s Capacity Market is the “weak link” in the transition toward a resilient, low carbon grid. That’s according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA), which suggests the grid is coping well with the coal phase out but requires greater investment in reliable sources […]

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IEEFA Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

IEEFA Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

Grid Proves Resilient in Face of 60% Drop in Coal Use in 2016; New Renewables and Interconnection Are the Future; Capacity Market Has Failed to Incentivize Modernization; More Targeted Auctions Would Help

The U.K.’s capacity market is the weak link in the country’s ongoing transition toward a resilient, low-carbon grid. That is one of the core findings in a  report—“Electricity-Grid Transition in the U.K.: As Coal-Fired Generation Recedes, Renewables and Reliable Generation Can Fill the Gap —we published today. The report finds that the U.K. grid is coping […]

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IEEFA Report: As U.K. Sheds Coal by 2025, Renewables and Reliable Generation Can Fill the Gap

IEEFA Report: As U.K. Sheds Coal by 2025, Renewables and Reliable Generation Can Fill the Gap

Energy Transition Already Well Under Way; Policy Reforms Required to Address Failure of Current System to Incentivize Grid Modernization; Brexit Offers an Opportunity for Change

March 9, 2017 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a report today that describes a path by which renewable energy can reliably and economically replace coal-fired generation in the U.K. The report—“Electricity-Grid Transition in the U.K.: As Coal-Fired Generation Recedes, Renewables and Reliable Generation Can Fill the Gap”—examines how recent […]

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U.K. Electricity Auction Raises Questions on Coal Subsidies

Andrew Ward for the Financial Times: Coal-fired power generators were among the winners of contracts worth £378m to generate electricity next winter, highlighting the tension between government efforts to reduce carbon emissions and the need for energy security. Critics have highlighted the apparent contradiction between government plans to phase out all coal-fired power from the […]

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IEEFA Europe: Can Power Market Reforms Curb U.K. Ratepayer Handouts to Gas, Coal and Nuclear?

IEEFA Europe: Can Power Market Reforms Curb U.K. Ratepayer Handouts to Gas, Coal and Nuclear?

Capacity Subsidies May Be Redundant

The U.K. this week holds its biggest auction ever for electricity generating capacity under a multi-billion-pound scheme whose stated aim is to increase investment in new, flexible generation. The intent is to help balance the growth in variable wind and solar power while ensuring there are enough power plants to cover demand. Under the so-called […]

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Offshore Wind Seen Now as Cheapest Large-Scale Renewable Power Source in U.K.

Anna Hirtenstein for Bloomberg News: U.K. offshore wind power is on target to become the cheapest source of large-scale clean energy, surpassing the government-mandated price target four years early. The levelized cost of energy for offshore wind — a benchmark measuring affordability over the lifetime of generation assets — dropped below 100 pounds ($125) a […]

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On the Blogs: Another Wind-Generation Record in the U.K.

James Murray for Business Green: The recent flurry of UK wind power records continued today, as analysts confirmed Scotland generated power equivalent to the country’s entire electricity demand on four consecutive days late last year. WWF Scotland, drawing on data from WeatherEnergy, today reported all of Scotland’s power demand was matched by output from wind […]

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