Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

'Reform energy regs' to attract renewables investment

A shake-up of the way businesses sell renewable energy to and buy back from the national grid is being urged by consultancy Climatechangematters.

It wants a change in regulations to allow businesses which use their own off-site renewable energy generators to directly offset their energy production.

It also wants companies to be able to sell renewable energy direct to other firms with minimal charging for using existing infrastructure.  

In a report, Climatechangematters said this process, which it has dubbed “remote net monitoring”, would allow businesses to reduce their energy bills, make them low carbon and encourage investment in renewables.

Authors of the report, ‘High Energy Users and Renewables,’ estimate that the change could save businesses between £3 and £10 per MW/h.

Currently, companies with on-site renewable energy generation can directly offset energy use against production, but this is not the case if the energy generation goes off-site.

This means that companies have to sell the energy they generate to the grid at wholesale prices and have charges applied while buying back the energy they use at higher retail prices. The report added that Renewables Obligation Certificates awarded do not make up the shortfall.

Renewable Energy Association chief executive Gaynor Hartnell said: “We must bring industry and large-scale energy users into the equation. Renewables is not just the domain of specialist project developers or, at the other end of the scale, householders with a panel on the roof. 

“Renewables must spread right across the economy. This proposal would enable wider sharing of the benefits of renewables and bring in important new sources of capital.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.