Budgets within budgets

Energy Transition Today

In this episode, we dissect the UK's 2024 Spring Budget. With big updates on nuclear progress, auction timelines and a host of new money for different DESNZ programmes, we unpick the implications for the country's future energy sector.

With over £1 billion now committed to the process, we examine all of the latest updates regarding the Contracts for Difference auction Allocation Round 6 and discuss why so much is riding on this year's tender results and what it means for the players involved.

Meanwhile in the US, NYSERDA confirms a weighted average strike price of $105.15/MWh for offshore wind projects under its latest renewables tariff auction, with significant rebidding activity observed. We make sense of this rapidly evolving picture.

Additionally, we touch on the promise of Vehicle-to-Grid technology, exploring its potential to transform EVs from mere energy consumers to vital contributors to grid stability. We delve into the technical choices between AC and DC charging systems and the broader challenges V2G faces, such as battery life and regulatory coordination.

Hosted by:

• Oliver Carr - Lead Analyst
• Maya Chavvakula - News Editor
• Dila Cebeci - Senior Analyst

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