Decision on strategy for the next transmission price control - RIIO-T1 Tools for cost assessment Overview: This is the first transmission price control to reflect the new RIIO (Revenue = Incentives + Innovation + Outputs) model. RIIO is designed to drive real benefits for consumers; providing network companies with strong incentives to step up and meet the challenges of delivering a low carbon, sustainable energy sector at a lower cost than would have been the case under our previous approach. RIIO puts sustainability alongside consumers at the heart of what network companies do. It also provides a transparent and predictable framework, with appropriate rewards to promote timely investment in the networks. Link
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RIIO - a new way to regulate energy networks
RIIO - a new way to regulate energy networks Britain needs rewiring in a smarter way to ensure secure and sustainable energy supplies for consumers. Ofgem has introduced a new performance based model “RIIO” to set price controls to ensure consumers pay a fair price for this vital investment. Link
interstellar energy cloud
PM to launch High Level Advisory Group on Climate Change
PM to launch High Level Advisory Group on Climate Change Financing - 12 February 2010
At 1230 GMT today the Prime Minister will join a videoconference with UN Secretary General Ban Ki Moon and Prime Minister Meles Zenawi of Ethiopia to launch a High Level Advisory Group on Climate Change Financing.
The launch follows the agreement reached at Copenhagen that 100bn dollars a year of public and private finance was needed by 2020 to help developing countries cope with the consequences of climate change and transition to low carbon models of economic development.
The Group - to be co-chaired by the Prime Minister and Prime Minister Meles - will explore new and innovative solutions on how to scale up long term financing for mitigation and adaptation for those most at risk.
The UN Secretary General will open the event, followed by remarks from both Prime Ministers, and then a few questions from journalists assembled in New York.
The Bloom Energy Bloom Box busted
The Bloom Energy Bloom Box busted
Exciting stuff, but what does the Bloom Box actually do?