Carbon Price Support rates frozen at £18 per tonne of carbon dioxide in 2022/23. “The government is committed to carbon pricing as a tool to drive decarbonisation and intends to set out additional proposals for expanding the UK Emissions Trading Scheme…
Author Archive for New Power
BEIS wants to commercialise long-duration storage, calls for response to £68M funding plans
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BEIS wants feedback by 12 March on plans for a competition to share funding of up to £68M among long duration energy storage technologies with the aim of accelerating commercialisation. The competition will open to applications in April-July, with projects going…
Moody’s downgrades Gwynt y Mor Ofto to Baa1, saying uncertain cable repair costs will drain reserves
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Rating agency Moody’s has downgraded Gwynt y Mor OFTO PLC’s rating from A3 to Baa1, saying it has a continuing history of major cable faults, the cost of repairing and managing the faults is uncertain and the company will be drawing…
Production of key ‘rare earths’ set to increase in Europe as fears of China stranglehold drives search for new sources
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Expanded production of so-called ‘rare earth’ elements will begin in March or April at Europe’s Silmet separation plant, Energy Fuels has announced. Such elements are needed for applications such as high-performance magnets used in renewable energy generation and electric vehicles,…
Coal falls to single unit in top-up Capacity Market auction that highlights growing pool of distributed generation
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The ‘top up’ T-1 Capacity Market auction for next winter closed at £45. Consumers will pay to underwrite one 435MW coal-fired station – Uniper’s Ratcliffe 4 – and 6.12MW of diesel generation. But the largest contribution to the capacity contracted…
Gore Street will offer 90MW to Dynamic Containment market by 1 April, multiplying revenues with sub-second response
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Energy storage owner Gore Street has announced that it is now participating in the National Grid’s new Dynamic Containment Service. Most of the group’s operational portfolio, which is ten operating battery assets in England and Wales totalling over 90MW, will be…
Ofgem agrees £10.7M redress from 18 suppliers who failed customers. Ovo, ScottishPower, Shell, British Gas all pay over £1M
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Ofgem has warned that it will take enforcement action over suppliers who do not follow price protection rules, after it agreed redress totalling £10.7M with 18 suppliers who failed to meet required standard. They failed to meet rules which should…
Act now: ten days to respond to NGESO on frequency control options after 2019 blackout
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Should a programme that is underwriting stability upgrades to distributed generation be extended for another year? The so-called Accelerated Loss of Mains Change Programme has already funded changes to hundreds of small power plants, which have had set-points changed so they…
Local power, local price?
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In an article first published in the January 2018 issue of New Power Report, Janet Wood looked at how locally electricity should be priced. Three years on, and given NGESO’s need to manage rising constraint costs, is it time to…
Cheers: NESF picks up Camden PV sites holding 15-year PPA with world’s largest brewer
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NextEnergy Solar Fund has acquired two PV projects for £64.3 million, from Camden, that will provide power for brewer AB InBev for the next 15 years. The sale comprises the Grange, 214 acres in Yorkshire, and South Lowfield, 200 acres in…