News
Offshore wind hits record low below £40/MWh
by New Power •
The upcoming round of offshore wind farms will be delivered at prices of £39.65-£41.61 per megawatt hour, for windfarms delivered by 2025. The results of the governent’s latest Contracts for Difference auction showed a drop from the previous auction two years ago,…
News
Drax granted DCO for gas-fired plant at Abergelli
by New Power •
An application by Drax to build a gas power station in Abergelli has been approved by the Secretary of State for Business, Energy and Industrial Strategy (BEIS). The 299MW open cycle gas turbine (OCGT) power station, in southern Wales, will be…
News
At least 7GW of new offshore wind in prospect as Crown Estate opens seabed leasing Round 4
by New Power •
The Crown Estate has opened a new seabed leasing round, offering the rights to build at least 7GW of offshore wind in the waters around England and Wales. It is making four areas available, within which potential developers will have…
News
Ovo aims to halve customers’ carbon footprint by 2030, offer heat pumps to replace gas boilers
by New Power •
Ovo Energy celebrated its tenth anniversary and acquisition of SSE’s domestic customers by announcing plans to drive emissions down to zero in its own operation by 2030 and help its customers halve their carbon footprint over the same period. Launching…
News
Ørsted raises renewable generation focus as it divests customer-facing business
by New Power •
Ørsted has agreed to divest its Danish power distribution (Radius), residential customer and City Light businesses to SEAS-NVE, adding £2.5 billion (DKK 21.3 billion) to its war chest for further expansion. The Danish company has investments in eleven UK offshore…
News
EC approves RWE/E.On asset swap
by New Power •
The European Commission has approved a £40 billion asset swap between E.On and RWE that will reshape the two energy giants. The asset swap had aleady been approved by competition authorities in Germany and the UK. E.On told Innogy’s board earlier…
Editor's blog
The old question over gas meters revisited
by New Power •
As the nation’s smart meter rollout stutters on, it is time to ask again whether there is any point in installing gas smart meters. The question has been raised from the start of the programme. It is not required under…
News
Smart meter rollout deadline shifts: now 85% by end 2024
by New Power •
The target rollout date for smart meters is to be delayed by four years and the number of smart meters involved has been reduced to 85% of domestic properties. BEIS says around a quarter of households now have smart meters…
Perspective
OPINION: can we make a permanent improvement for the fuel poor?
by New Power •
Meeting social and environmental objectives is part of the role of energy networks, argues National Energy Action chiefe executive Adam Scorer Over the next decade, the UK faces two massive challenges in energy policy. Both of these challenges need…