Decentralised Energy

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3589
Question By: 
Gareth Bacon
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

How will the Mayor's decentralised energy prospectus help to achieve a green energy revolution in London? What proportion of London's energy supply will be provided by the 14 projects currently underway, once completed, and are there plans to support any further projects in London?

Answer

Answer for Decentralised Energy

Answer for Decentralised Energy

Answered By: 
The Mayor

I am committed to delivering 25 per cent of London's energy supply from decentralised sources by 2025. The prospectus prepared by experts from business and all tiers of government sets out measures that the public sector are taking to remove barriers to success and ultimately harness the private sector's financing and delivery capability.

Projects currently supported by the LDA will provide between 1% and 2% of London's energy supply by 2025. In addition, we are providing Energy Masterplanning support focusing on identifying and catalysing new opportunities for decentralised energy. The LDA has committed £16 million to support decentralised energy over the next four years. A significant portion of the Joint European Support for Sustainable Investment in City Areas (JESSICA) fund will also aim to support decentralised energy.

Whilst the projects underway form only a small proportion of the overall decentralised energy supply target, the investment is designed to unlock the market for decentralised energy in London. The Prospectus explains this market potential, the rationale for the market stimulus and the commercial case for private investment in these projects and the sector as a whole. *