Sustainable aviation fuels to be driven by new Boeing and University of Sheffield partnership
Bradford-developed artificial intelligence system will fight airline industry cyber attacks
A team of Bradford researchers in the Bradford-Renduchintala Centre for Space AI has developed an AI-based system to combat cyber-attacks against aeroplanes and air traffic control.
North Yorkshire Innovators team up to secure funding for green hydrogen project
Evergreen hires digital lead following 277% growth
Recruitment headache continues for small firms
Clarion celebrates ongoing partnership with Leeds school
Commercial insurance broker Attis 20% ahead of 2022 forecasts – grows team by over 30% and projects £6m turnover for year
Energy cost review hopes to yield lower prices for consumers
- introducing incentives for consumers to draw energy from the grid at cheaper rates when demand is low or it’s particularly sunny and windy, saving households money with cheaper rates
- reforming the capacity market so that it increases the participation of low carbon flexibility technologies, such as electricity storage, that enable a cleaner, lower cost system
- de-coupling costly global fossil fuel prices from electricity produced by cheaper renewables, a step to help ensure consumers are seeing cheaper prices as a result of lower-cost clean energy sources
“In what could be the biggest electricity market shake up in decades, I am confident that this review will significantly enhance GB’s energy security and supply for generations to come.”
With electricity demand set to at least double over the next 13 years, REMA will focus on establishing a fit-for-purpose market design, identifying and implementing the reforms needed to GB electricity markets that work for businesses, industry, and households. This includes consulting on both the continued evolution and expansion of existing schemes, such as the Capacity Market and Contracts for Difference, and the introduction of more fundamental change where needed to guarantee uninterrupted supply during periods of no wind or sun at the lowest cost possible for consumers.