Ofgem is set to issue five suppliers with final orders to compel them to make £7 million in outstanding payments to comply with the Renewable Obligations (RO). The suppliers are • Ampoweruk , owing £3,590,236 • Whoop Energy, owing £56,306…
Author Archive for New Power
Can Labour make a greener UK an election winner?
by New Power • • Comments Off
The news today that the government is considering shifting green levies from electricity to gas supplies is welcome in the long term. In the short term it needs careful planning – and a positive message for people already struggling with…
Ecotricity’s increased offer gets little takeup from Good Energy shareholders
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With ten days to go before its offer for Good Energy share closes, Ecotricity says it has received acceptances for just 3% of the issued ordinary share capital. The offer, which closes on 10 October, was increased from 360p to…
Three more suppliers cease trading
by New Power • • Comments Off
Enstroga, Igloo Energy and Symbio Energy have announced they are ceasing to trade. According to Ofgem, Enstroga supplies around 6,000 domestic customers. Igloo Energy supplies around 179,000 domestic customers and Symbio Energy supplies around 48,000 domestic customers and a small…
Eurelectric calls for faster electrification and investment scale-up to reach Net Zero
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Europe’s electricity system could reach Net Zero faster than anticipated, according to the industry’s European lobby group Eurelectric, if nine policy recommendations are implemented. Kristian Ruby, Eurelectric secretary generals said: “To deliver on the ambition, it is critical to have…
Celtic Sea Cluster formed to speed up floating offshore wind development and harness supply chain
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The Welsh Government has joined with Cornwall and Isles of Scilly Local Enterprise Partnership to launch the Celtic Sea Cluster. With support from Marine Energy Wales, Celtic Sea Power and Offshore Renewable Energy (ORE) Catapult, the Celtic Sea Cluster will…
Pennon adds £60M of ‘commercially compelling’ opportunities to renewables project pipeline
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Water and wastewater company Pennon, which serves the south west, says it has identified renewable energy generation investment opportunities of around £60 million over the period to 2030. It said it is considering reinvesting totex outperformance in these “commercially compelling…
Environmental Audit Committee opens inquiry on carbon border tax
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The Environmental Audit Committee (EAC) has opened an inquiry into carbon border adjustment mechanisms (CBAMs) – border import taxes on products based on their carbon footprints, aimed at ensuring that importers of energy-intensive goods bear the same costs for their…
Greencoat acquires Andershaw wind farm
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Greencoat UK Wind is to acquire Andershaw wind farm from Statkraft UK for of £121M (including cash and working capital). Andershaw is a 35MW wind farm sited 2 miles south of Douglas in South Lanarkshire that comprises 11 Vestas V117…
Blyth’s old coal site to house cable factory for offshore wind
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JDR Cables has announced plans to open a new subsea cable manufacturing facility near Blyth, Northumberland. The 69,000 sqm facility will occupy the site of a former coal-fired power station. Subject to final agreements, construction is expected to begin in…