Distributed generation will have to be registered to take part in Balancing Market (BM) in order to take part in the Capacity Market, under new proposals from BEIS, and notify the system operator of plant ‘market position’ in every half-hour…
Author Archive for New Power
Shell backs up fast-charging with forecourt battery that will also become part of a virtual power plant
by New Power • • 1 Comment
Shell is expanding its reach into the smart power space. In February it announced the acquisition of virtual power plant (VPP) operator Next Kraftwerke, which remotely connects and manages over 10,000 decentralised energy units across Germany, Belgium, Austria, France, Poland, the Netherlands, Switzerland and Italy. Now…
Industry settlements under strain as 13 companies attract ‘special focus’ over demand estimation accuracy
by New Power • • Comments Off
Balancing and settlement company Elexon has said that 13 domestic energy supply companies are under ‘special ficus’ to ensure their estimates of customer usage remain within accuracy limits. Accuracy has been affected during Covid, for example because companies were unable to…
Mitsubishi + Chubu Electric consortium wins right to own and operate Hornsea One offshore wind connection
by New Power • • Comments Off
Diamond Transmission Partners is to pay £1.175B for a 25-year licence to own and operate the transmission line connecting Hornsea One to the onshore network. The company is a consortium comprising Mitsubishi Corporation and Japanese utility Chubu Electric Power. Hornsea One wind farm…
From the archive: OFTO performance examined
by New Power • • Comments Off
In February 2017 New Power looked at early perfomance of Ofto connections. As Ofgem prepares to announce a shortlist of bidders to take ownership of the Burbo Bank Extension connection, Janet Wood takes a look at what the new owner can…
UPDATED: Nine networks appeal price determinations
by New Power • • Comments Off
The CMA has set the headline rate of return for water companies at 3.2%, compared with 4.67% in the previous price control period, approximately 3.6% proposed by the water companies and 2.96% proposed by Ofwat. The CMA said it had also provided increased allowances to pay for…
No plan for Net Zero, no plan for COP26: MPs plea for government clarity on low carbon agenda
by New Power • • Comments Off
The Public Accounts Committee has warned that the government still lacks a plan for how it will achieve Net Zero emissions by 2050, almost two years after it set the target. Departments do not consider the impact on Net Zero when taking…
Budget in brief
by New Power • • Comments Off
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…
BEIS wants to commercialise long-duration storage, calls for response to £68M funding plans
by New Power • • Comments Off
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
by New Power • • Comments Off
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…