Energy auctions can pick winners – and create losers. Will the UK’s next energy auction boost the UK’s lead in tidal energy – or gift our early-mover advantage to competitors overseas? And of course, we have been here before…
Scotland’s island groups – the Western Isles, Orkney and Shetland – are some of the windiest places not just in Europe, but in the world. Now plans to connect them to the GB electricity grid could spark a £2.5 billion British investment boom.
Yet again EDF has called into question the financial viability of the proposed Hinkley Point C power station. However most commentators fail to mention the true cost of the new nuclear power plant which will fall directly on the UK taxpayer.
Serial entrepreneur James Dyson knows a thing or two about innovation. And a lot about failure. Inventor of the eponymous bagless vacuum cleaner and the airblade hand dryer, the 65 year old billionaire is the epitome of ‘thinking outside the box.’
Orkney, Shetland and the Western Isles are crucial to our marine renewables future. Yet that future could be jeopardised by Ofgem’s proposals to levy unsustainable transmission charges on Scotland’s island communities.