Tag: Kingsnorth

Kiran Stacey

Starting next week, Energy Source is bringing back its reader Q&A sessions. This is a chance for you to ask the bigwigs of the energy industry anything you could possibly want.

Sara Vaughan -- image by Eon

First up in the hotseat is Eon’s Sara Vaughan, their UK director of regulation and energy policy.

Eon is of course Germany’s biggest energy company, but it has a very high profile in the UK. Sara will be answering all your questions, from why it decided not to press ahead with Kingsnorth, to what is the future of UK nuclear power, to what carbon price is needed to stimulate green energy growth.

Send all your questions to energysource@ft.com by the end of Friday 19th November.

Kiran Stacey

Companies are still waiting to hear full details from the UK govenment on how it intends to provide £1bn in funding for CCS projects, as promised in the spending review.

Eon recently announced that the uncertain economic conditions meant it would pull out of its plans to build a coal-fired CCS plant at Kingsnorth. Meanwhile, industry leaders have warned that providing the financing only by guaranteeing a floor to the carbon price would not be enough incentive for companies to build the expensive plants.

So the news that the European Commission will announce a “prize” to fund CCS and renewables projects will be very welcome for some.

Kiran Stacey

Eon has confirmed it is shelving its delayed plans to build a new coal energy plant at Kingsnorth.

The announcement means there will be no new coal plant as part of the CCS competition, the details of which will be announced by the chancellor today.

Masa Serdarevic

The Guardian has a interesting article on how the UK coalition government is quietly watering down its commitment to the tough emissions standards its politicians championed whilst in opposition.

Notably, it’s dropping the so-called “environmental performance standard” (EPS) from its first energy bill, expected later this year. The introduction of EPS was intended to incentivise power companies to use more efficient technology in building new power stations and restrict greenhouse emissions from coal and gas plants.

The omission raises the possibilty that dirty coal-power plants, such as the one in Kingsnorthin Kent, will go ahead in spite of strong opposition to the project by David Cameron, George Osborne and Nick Clegg whilst Labour was in power.

The move is likely to draw further criticism from enviromentalists against the coalition government’s energy policy, which supports nuclear power.

Please go to the Guardian website for the full article.

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