Cambridge Modelling is working in close partnership with Element Energy on the deployment of our low carbon energy models in the UK and Europe. Element Energy is a specialist low carbon energy strategy consultancy with a strong track record of delivering complex projects for public sector clients (such as the Department of Energy and Climate Change, the Committee on Climate Change, the Department for Business, Innovation and Skills, the Sustainable Energy Authority of Ireland, etc.) and private industry (including Rolls Royce, Nissan, UK Power Networks, Northern Powergrid, Scottish and Southern Energy, RenewableUK, etc.).
Element Energy’s expertise in low carbon energy, transport, buildings and infrastructure is an excellent fit with Cambridge Modelling’s techno-economic forecasting and computational modelling work in these areas. We are delighted to be working closely with Element Energy to offer our clients the most informed and rigorous forecasting available across the complete supply chain of these evolving markets.
Cambridge Modelling published a report today that examines the impact of government plans to reduce feed-in tariffs on the UK solar photovoltaic industry.
“The proposed changes to the feed-in tariff scheme will significantly delay the development of UK solar photovoltaic industry efficiencies,” said Dr. Mark Hughes, Director at Cambridge Modelling. “In the absence of the changes, small solar photovoltaic installations are set to achieve grid parity (equality with retail electricity prices) by 2019. The changes to the scheme will delay grid parity and extend the need for feed-in tariff support by approximately 3 years,” said Dr. Hughes.
The report also identifies important omissions from the DECC consultation on the feed-in tariff changes.
Dr. Hughes said, “Large savings for electricity consumers from the development of UK solar photovoltaic industry efficiencies under the existing tariff schedule have been overlooked. In 2020 alone, these missed savings could exceed £57 million”.
Dr. Hughes also warned that, “The DECC consultation assumes optimistic capital cost forecasts and large reductions in the rate of return on investment which leaves the UK solar photovoltaic industry with no margin for module price fluctuations in a traditionally volatile market.”
“Cambridge Modelling recommends a more comprehensive approach to the determination of feed-in tariff reductions, based on long-term price trends, to ensure steady and sustainable levels of growth in the UK solar photovoltaic industry,” said Dr. Hughes.
For further information, please download the full report, “UK Solar PV Industry: Implications of the Planned Feed-in Tariff Reductions”.
This report examines the impact of the UK government’s planned reduction in feed-in tariffs (FITs) for solar photovoltaic (PV) installations up to 250 kW. The analysis described here explores key considerations, not covered in the consultation on the Comprehensive Review Phase 1, that are pertinent to grid parity in the UK solar PV industry, the price of retail electricity and national commitments under the Renewable Energy Directive.
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Cambridge Modelling has added a new extension module to the Low Carbon Simulator which provides additional functionality for examining the impact of feed-in tariff policies and changes therein. This new module is currently being used to assess the impact of changes to solar photovoltaic feed-in tariffs proposed by the UK Government and due to take effect in December 2011.
Cambridge Modelling has developed a renewable energy target extension module for the Low Carbon Simulator which simulates the emissions and energy sector impacts of changes in renewable energy target policies.
Cambridge Modelling has developed a carbon pricing extension module for its flagship low carbon economy model, the Low Carbon Simulator. This extension module makes it possible to investigate the implications of various carbon pricing scenarios on the economics and development dynamics of low carbon industries. As a result, the Low Carbon Simulator is able to offer the most robust insights possible into the true impact of carbon pricing policies and offers unprecedented strategic insights for businesses and investors under all possible carbon trading scenarios.
Cambridge Modelling has developed an electricity price module for the Low Carbon Simulator which tracks how electricity prices will evolve in response to changes in climate change policies and other key market and industry parameters.
There is currently insufficient information available for businesses, investors, governments and non-government organisations to effectively plan for—and succeed in—the transition to a low carbon economy. The Low Carbon Simulator, developed by Cambridge Modelling, is the first model that truly addresses this problem by accurately identifying the best opportunities and most favourable low carbon strategies for each of these sectors.
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Cambridge Modelling has released the Low Carbon Simulator. This new low carbon model is the most advanced model of its kind and is a vital tool for businesses, investors, governments and NGOs that wish to successfully navigate the transition to a low carbon economy.
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