The Renewable Exchange platform saw more than 15 suppliers tender for Power Purchase Agreements (PPAs) for Aviva Investors’ onshore wind farms. They offered multiple ways of monetising power, subsidy and embedded benefits from the wind farms and as a result Aviva Investors has…
Author Archive for New Power
Where will we be in 2030? Key questions for a changing power sector
by New Power • • 1 Comment
As the 2020s start, in the January 2020 issue of New Power Report we set out a series of questions about how the industry would look at the start of the 2030s. What’s your view? Have we asked…
GridBeyond secures £9M expansion funding
by New Power • • Comments Off
Smart grid platform provider GridBeyond has secured £9 million in new funding. The leading investor in the round was EDP - Energias De Portugal, the Portuguese electric utility company. It was supported by existing and new investors in the company: Act Venture Capital –…
Habitat picks up management contract for Gresham House
by New Power • • Comments Off
Habitat Energy is to optimize 74MW of energy storage projects for Gresham House Energy Storage Fund. The multi-year agreements comprise three existing projects: a 20MW project in Wiltshire, a 5MW project in Wolverhampton and the recently-commissioned 49MW project on the Red Scar…
CCC: make more use of home grown energy crops
by New Power • • Comments Off
The UK should expand its use of bioenergy to deliver carbon savings, the Climate Change Committee said in its report published today (23 January). But support should be limited and the best use of biomass kept under review. The report…
Ofgem agrees customers can pick up the bill to cover £12.7M in credit balances at latest failed suppliers
by New Power • • Comments Off
Two more suppliers that took on new customers under ‘supplier of last resort’ arrangements, promising to preserve customer credit balances, will be able to recover part of that cost from consumers, Ofgem has agreed. The latest agreements will call on…
Citizens Advice warning: public needs support to make net-zero transition
by New Power • • Comments Off
Government must put the public at the heart of plans to reach net zero by 2050 or it risks fatally undermining the process, Citizens Advice has warned. In a survey of 2000 adults in December, 82% supported the commitment. But…
Open Networks consults on work plan; standardisation and whole systems at the forefront – webinars announced
by New Power • • Comments Off
The Energy Networks Association has opened consultation on the Open Networks Project work programme. In 2020 the Project will focus on delivering standardisation and alignment across all Workstreams. Priorities for the year include: Advancing local markets for flexibility, with standard…
Industrial decarbonisation gets new research centre and ‘champion’ with £20M to spend
by New Power • • Comments Off
An Industrial Decarbonisation Champion has been appointed to develop plans for a new £20m Research and Innovation Centre at Edinburgh’s Heriot-Watt University to drive the UK’s delivery of Net Zero emissions. The inituiative and is backed by £20 million funding until…
WPD expects first tranche of digital network model to go live in 2020
by New Power • • Comments Off
Western Power Distribution (WPD) has been working with CGI to build a digital network model of its network using CGI’s Integrated Network Model solution (INM). The platform will present a digital reference model of the WPD networking ensure a consistent, robust…