New UK prime minister Liz Truss
UK aims to decouple renewables from gas
New prime minister Liz Truss proposes CfDs for existing renewables and nuclear as part of package to tackle energy affordability crisis and provide long-term security of supply
New UK prime minister Liz Truss has proposed measures to decouple more renewable power pricing from the wholesale natural gas market as part of a wider package of interventions designed to address the energy affordability crisis and to “end the UK’s short-termist approach to energy security once and for all”. Truss confirmed in a parliamentary debate on energy costs that the government wants to switch existing renewable power generators currently supported by Renewables Obligation (RO) subsidies onto contracts for difference (CfD) schemes. The CfDs, which could also be available to nuclear operators, would offer generators long-term price certainty but not allow them to profit in the short
Also in this section
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
8 April 2025
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
