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GREEN TUESDAY - 31st MARCH 2015
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GREEN TUESDAY DATA MANAGEMENT | LEGISLATION | COMPLIANCE
Energy Union Closer to Official Framework Background In February, a new proposal was made to create a single energy market to help EU lower energy prices, improve interconnectivity, lower carbon emission as well as reduce the dependence on Russia. The framework for an energy union was announced, and it was affirmed that the Energy Union would adopt a number of inter-related policies, including new laws to overhaul the electricity market, make gas contracts more transparent, legislate for more secure supply for electricity and more funding for renewable energy. Specifically, measures were put in place to achieve the target of 10% electricity interconnection by 2020 – a minimum requirement for electricity to flow and be traded amongst member states.
Updates The EU “Energy Union” has been officially launched. The EU estimates that, as the biggest energy importer with 53% of its total energy from outside of EU costing more than €400 billion (£292bn) annually, an interconnected European energy grid could save consumers up to €40 billion a year. The project will integrate all 28 member states into one Energy union; Energy Secretary Ed Davey urged member states to do more to support low-carbon technologies such as carbon capture and storage, and nuclear power. Secretary Davey expects that this policy will benefit UK consumers by bringing the bills down and boosting energy security considering UK has been at the forefront of decarbonizing the economy.
Next Steps The strategy framework is expected to be approved later this year. Further binding legal agreements will be made during the Paris Climate Change Conference in December 2015.
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ENERGYQUOTE JHA About us
GREEN TUESDAY - 31st MARCH 2015
Products and services
Events and webinars
Reasons to believe
Contact us
MORE GREEN TUESDAY NEWS
Department of Energy and Climate Change (DECC) Responds to Review on CCA Targets On 11 March 2015, DECC published responses to the discussion paper with regard to CCA target reviews in 2016. The major findings are the following: - A significant portion of respondents believe there has been little change in realistic potential available to their respective sectors since 2012 that warrants adjustments for 2020 sector commitments, therefore DECC will start a review process of all CCA schemes to identify and reestablish targets if deemed necessary. - The DECC claims that it would take a view “in due course” on review of buy-out price, policy on changing a CCA and amendments of absolute targets where throughput drops by more than 10%. DECC indicated back in October 2014 that any revised target would be put in place by 2017.
Amendments to Energy Performance Regulations Effective on 6 April 2015 On 11 March 2015, Amendments passed the Parliament, they included: - Regulation 18 of the 2012 EPC which requires certain air-conditioning systems to be inspected periodically now is amended so that only accessible parts of the system need to be inspected. - Regulation 11(2) of the 2012 EPC was amended to make it clear that it is the “relevant person” (landlord or sellers), or someone acting on that person’s behalf who must ensure the energy performance indicator of the building is included in any commercial advertisements of the property for sale/rent. - Regulation 19(2) of the 2012 EPC was amended that inspection reports must suggest “costeffective improvements” as opposed to “possible improvements”. Author: Mark Shen
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