Luke Scorer’s Post

The UK's upcoming review of electricity pricing promises to be major step towards incentivising the widespread adoption of heat pumps. While proposals are aimed at addressing the complexities of reducing electricity prices compared to gas, the government demonstrates its commitment to making lower carbon heating options more accessible and affordable for consumers. Lord Callanan's emphasis on rebalancing electricity costs highlights a proactive approach to ensuring the efficiency and affordability of heat pumps, crucial for achieving net zero targets while maintaining energy affordability for households. For more information, click here: https://bit.ly/4dEOfJv #HVNPlus #HeatPump #ElectricityBalancing #EnergyEfficiency

‘Grid upgrades diminish zonal pricing benefits’ A recent analysis by LCP Delta reveals that planned upgrades to the electricity grid significantly reduce the economic benefits of implementing zonal pricing in Great Britain Find out more: https://lnkd.in/eWhhUjNn

Electricity bill collection.....

A very good Monday morning to all - a paragraph from the House of Commons Library regarding the energy crisis. "The April to June 2024 cap will see unit prices for gas falling by 19% and electricity by 14%. Standing charges will increase by 10%. Despite these lower prices falls typical bills under the April to June 2024 price cap will still be almost 40% higher than in winter 2021/22." Contact me for a free consultation, including a presentation, to demonstrate how I can save both households and businesses huge amounts per annum. #utilitybills #pricecap #gasprices #electricprices #utilities #moneysaving #energycrisis #costsavings

🌍 Today, the UK Government shared further plans on how it will transition to clean, low-carbon heating. Measures announced by the Department for Energy Security and Net Zero include details on the Warm Homes Plan, increased funding behind the Boiler Upgrade Scheme and a reformed Clean Heat Market Mechanism. 🗣️ Reacting to this Kensa CEO Tamsin Lishman welcomes the measures, but raises concern about the continued absence of the Future Homes Standard - a crucial policy for UK heat pump rollout: “Policy certainty and stability are critical for continued investment in the UK’s heat pump sector and its ability to support green growth. Kensa plans to increase its manufacturing output and installations twenty-fold in the next five years, but this is heavily reliant on the right government policies, at the right pace. “Today’s announcements are major steps in the right direction. Much-needed clarity on the Clean Heat Market Mechanism, early details on the Warm Homes Plan and funding commitments for clean heat schemes all help provide that certainty that businesses need to make investment decisions. “However, there are still important gaps in the framework. We don’t have a Future Homes Standard, a central policy for cutting our ties with gas and normalising heat pumps in UK homes. This, and a plan of action to reduce levies on electricity bills, are urgently needed to help make heat pumps both the environmental and economic choice.” Read the full announcement 👉 https://lnkd.in/eUpbTQ8a #Renewables #Geothermal #HeatPumps #GroundSourceHeatPumps #NetZero #WarmHomes

The Australian Energy Market Operator will use emergency powers to reduce demand for electricity in NSW to combat blackouts fears as outages at power stations continue: https://bit.ly/496pfJf

Energy UK welcomes the Government’s announcement of new support to help up to 300,000 households upgrade their homes with cleaner heating. “We are pleased to see the Government increase funding for the Boiler Upgrade Scheme, set out more detail on the Clean Heat Market Mechanism, and remove planning barriers to heat pump installations,” says our CEO Dhara Vyas.  Read our full response: https://lnkd.in/eNdktH_k

Our recent report highlights the challenges and opportunities for heat pump adoption in the UK. Despite ambitious net-zero targets, 73% of homeowners lack sufficient knowledge about low-carbon heating. Misconceptions and the high cost of electricity over gas remain key barriers. With government initiatives like the Boiler Upgrade Scheme and decoupling energy costs, there's hope for greater adoption🔋🌱. Read more: https://ow.ly/orkU50UaKoF Download the report here: https://ow.ly/7GFk50UaKoL #MitsubishElectric #HeatPumps #LowCarbonHeating #SustainableEnergy

Forecast electricity reserves in New South Wales have improved, leading to a downgrade from Lack of Reserve Level 3 (LOR3) to Level 2 (LOR2). This change follows the cancellation of transmission outages in the region. AEMO continues to monitor electricity reliability in both NSW and Queensland. Read our full statement: https://lnkd.in/g5--yBTR

Top stories today ❄ UK went entire winter without calling on backup generators https://buff.ly/3x9Hizz National Grid ESO went the entire winter without calling on backup generators to provide additional power in times of system stress. It is the first time in four years that the ESO has gone an entire winter without issuing a system notice. ⚡ Eon calls for wholesale market reform by 2029 https://buff.ly/4aSsRO0 E.ON UK is calling on the next government to implement reforms from the Review of Electricity Market Arrangements (REMA) within the next five years to avoid an investment hiatus. The supplier warns that failing to implement reforms before The Labour Party's 2030 grid decarbonisation target will have a detrimental impact on investment. 💷 Greater Manchester puts £64bn price tag on 2038 decarbonisation plan https://buff.ly/4edULHh Greater Manchester Combined Authority (GMCA) has estimated its target of being carbon neutral by 2038 will attract £64 billion of investment into the area. The figure was identified through the development of local area energy plans (LAEPs) for the region. As part of Utility Week's Make it a LAEP Year campaign, GMCA sets out why these local blueprints are vital for attracting investment but how funding to complete them is essential.