📖New blog for @Policy_Exchange: Fight over grants for EVs show that climate policies need an endgame.


Last month, Gov made surprise cut to plug-in car grant:
▶️ Based on falling price of EVs + increasing uptake which would blow budget
▶️ Cuts will always face resistance, even if justified
▶️ Could Gov design better policies, automatically less generous as costs fall? (yes)

Look at what's happen with subsidies for renewables:
▶️ Gov originally set defined level of support (FiT, ROC, RHI)
▶️ These (old-fashioned) policies have been replaced by competitive auctions (CfDs) that have cut costs and changed narrative around reducing support over time

Gov shouldn't start procuring Teslas and Nissan Leafs through auctions.

Instead, use a "Zero-Emission Vehicle mandate" to determine how much support is needed. Price of "ZEV credits" rises/falls depending on how quickly cost of EVs falls.


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More from @ed_birkett

2 Feb
📰 Our new report, *Charging Up*, has been covered in various media today 👇

@BBCBusiness: Electric cars: Rollout of charging points still too slow.


Bloomberg Green (@climate): U.K. Needs to Install Electric Car Chargers Five Times Faster to Hit Goals, via @rachelmorison.


@LBC: Government pledges £20m boost for on-street EV charging points, via @MaddieGoodfell2.


Read 9 tweets
2 Feb
🚨 New @Policy_Exchange report out today, *Charging Up*, by me & @WRNicolle

Policies to deliver a comprehensive network of public EV chargepoints

Foreword by @SimonClarkeMP & edited by @BenMcAleenan

Here's a summary thread 👇


On our website here 👇
Number of public EV chargepoints needed is set to skyrocket, driven by the UK's ban on new petrol + diesel cars and vans by 2030 (and all hybrids by 2035).

Various forecasts show 300,000 - 500,000 chargepoints required by 2030, compared to ~35,000 today.

During the 2020s, the UK must install public EV chargepoints 5 times faster than the current rate:

Read 10 tweets
26 Dec 20
What's in the EU-UK Brexit deal on energy?

It may be Boxing day, but I've had a quick look 👇


Title VIII: Energy is the key section (page 156 onwards)

▶️ Standard stuff on commitment to competition, unbundling and customer choice

▶️ UK Capacity Market no longer needs to try to integrate overseas Capacity providers & vice versa

(Article ENER.6, Clause 3, page. 160)

▶️ Existing "exemptions" for selected interconnectors will continue to apply.

This means that these interconnectors can continue to sell capacity rights ahead of time, rather than all through close to real-time markets.

(Article ENER.11, page 162)

Read 14 tweets
24 Dec 20
@10DowningStreet has published its summary of the agreements between UK and EU


Here's summary of energy section (Title VIII).

More detail on market coupling (trading on elec interconnectors). Aim to implement new arrangements on price coupling by April'22 (presumably through new market coupling platform)

Implies some loss of efficiency in short term.

Looks like arrangements for gas trading will remain relatively similar to today, with UK industry retaining access to PRISMA platform for trading gas capacity.


Read 4 tweets
24 Dec 20
The European Commission’s summary of the impact of the U.K.-EU free trade agreement on the Energy sector 👇
Not much detail yet but looks like something on preserving efficient trading on interconnectors, preserving cooperation on nuclear power, and new mechanisms to cooperate on renewables, which is particularly important for offshore wind in the North Sea.
EU view on the consequences of Brexit for UK-EU energy trade.

UK outside of EU IEM, EU ETS and Euratom (as we knew)

Read 4 tweets
24 Dec 20
Is this what's will be in the Brexit deal on Energy?

claims to have a UK internal assessment of the Brexit deal.

Taking with a pinch of salt until official.

Energy section starts on page 13,.


Columns are labelled "UK ask", "EU ask", "UK or EU win".

Looks like something on market coupling, but I doubt full continuity.

Plus cooperation on North Sea renewable energy projects

2/ Image
Also reportedly a deal on Civil Nuclear.

3/3 Image
Read 4 tweets

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