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
- Fifth Carbon Budget – evidence to Committee on Climate Change
- Ofgem Open Letter: Non- traditional business models
- Scottish Renewables consultation response: CfD contract and regulations
- Scottish Renewables CfD Position Paper
- Contract for Difference (CfD): Auction Results
- Early end of onshore wind support could cost £3bn investment in Scotland
- New Chairman and Vice-Chairman for renewables body
- Boost for Scotland’s renewables industry from first UK green power auction
- Huge offshore wind conference blows into Aberdeen
- Scottish Renewables' post-referendum paper proposes additional energy powers for Scotland
- SR Members' Summer Reception 2015
- SR:AM London Stock Exchange ELITE Programme
- SR:AM EU Funding Opportunities in Renewable Energy
- CfD: The Basics - Application and Auction
- CfD: The Basics - Preparing to Apply
Senior Policy Manager:
Grid & Markets
Tel: 0141 353 4987