What is the Economics & Markets?
Energy generation of all kinds costs money, and therefore requires access to available finance and funding to develop and build plant and to cover ongoing operational and decommissioning costs. Renewable energy is no different. Among renewables’ many benefits is that, compared to conventional thermal technologies, it does not produce harmful emissions or waste, and with the exception of biomass, has no fuel costs.
Why is the Economics & Markets Important?
Scotland possesses some of the world’s leading renewables resources, so it’s crucial that necessary market arrangements exist to support this emerging and strategically important industry. Renewables technologies are at different stages of commercial development; for example, onshore wind power is relatively mature compared to marine energy, so it is important that these individual technologies are supported at appropriate levels to ensure their future ability to deploy at scale and reap the benefits of economies of scale, learning rates and supply chain development. This will in turn drive down the cost of these technologies – and protect our energy prices from price fluctuations in the oil and gas markets.
What is SR doing?
Scottish Renewables works with its members and relevant governmental bodies to secure stable and effective financial support mechanisms to build and strengthen markets for emerging technologies, and allow the industry to attract the investment to meet or exceed energy targets. Scottish Renewables works with the both the UK and Scottish Government to deliver a proportionate, joined-up regulatory framework which fully recognises the role played by renewables in mitigating climate change, improving energy security and building a sustainable economy.
SR recent achievements in this sector
Meet The Team
Michael Rieley is our Senior Policy Manager for Grid & Markets
E: [email protected]
- Scottish Renewables consultation response: Allocation of contracts for difference
- Scottish Renewables and Renewable UK joint consultation response: Allocation of contracts for difference
- Scottish Renewables consultation response: Supply Chain Plan: Addendum to Electricity Market Reform – Proposals for Implementation
- Scottish Renewables consultation response: EMR Implementation
- Scottish Renewables consultation response: RO Grace periods consultation
- Rumoured Conservative onshore wind pledge would raise bills and cost thousands of Scots jobs
- "Best-ever" year for Scottish renewables
- Scottish Renewables' response to Siemens manufacturing announcement
- Project TransmiT delay – Scottish Renewables response to Ofgem announcement
- Engineering biggest skills gap facing Scottish renewable energy sector
Planning, Supply Chain
and Offshore Finance
Tel: 0141 353 4987