Annex D Major Events in the Energy Industry
Annex D Major events in the Energy Industry 2020 Electricity In July 2020 construction work commenced on what is set to be the world’s longest electricity interconnector, linking the UK’s power system with Denmark. Due for completion in 2023, the 765-kilometre ‘Viking Link’ cable will stretch from Lincolnshire to South Jutland in Denmark. In July 2020 approval was granted for the Vanguard offshore wind farm in Norfolk. The 1.8GW facility consisting of up to 180 turbines will generate enough electricity to power 1.95 million homes. In May 2020 approval was granted for Britain’s largest ever solar farm at Cleve Hill, near Whitstable in Kent. The 350MW facility, comprising of 800.000 solar panels, will begin operation in 2022 and will provide power to around 91,000 homes. Energy Prices In February 2020 the energy price cap was reduced by £17 to £1,162 per year, from 1 April for the six-month “summer” price cap period. 2019 Climate Change The Government laid draft legislation in Parliament in early June 2019 to end the UK’s contribution to climate change, by changing the UK’s legally binding long-term emissions reduction target to net zero greenhouse gas emissions by 2050. The new target is based on advice from the government’s independent advisors, the Committee on Climate Change (CCC). The legislation was signed into law in late June 2019, following approval by the House of Commons and the House of Lords. Energy Policy A joint government-industry Offshore Wind Sector Deal was announced in March 2019, which will lead to clean, green offshore wind providing more than 30% of British electricity by 2030.
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