There was a shortfall in Renewables Obligation buy-out funds of £205,998,428.26 in September, according to Ofgem figures. The regulator says 42 suppliers did not make their full payment at that time. Although some have now made late payments, Ofgem confirmed that…
Author Archive for New Power
OPINION: Use trading platforms to share capacity and flexibility and drive decarbonisation
by New Power • • Comments Off
Mark Bygraves, chief executive of Elexon, says that flexibility platforms can help decarbonise the electricity system Earlier this year the government signed a historic piece of legislation committing Britain to a binding target for ‘net zero’ carbon emissions by 2050. To…
Ofgem sounds warning over debt collection after seeing failed company customers harmed – but it admits it has few powers
by New Power • • Comments Off
Ofgem has warned that it will refer insolvency practitioners to their regulator or publicise bad practice if they do not treat energy customers fairly. The warning follows a number of energy supplier failures where the ‘supplier of last resort’ who…
Humber expansion planned for offshore wind operations businesses
by New Power • • Comments Off
The Offshore Renewable Energy Catapult has announced ambitious expansion plans in the Humber region. It wantst to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years. Chris Hill,…
Edmonton EfW plant set to be replaced
by New Power • • Comments Off
North London Waste Authority has won a competitive bid to borrow £100 million from the government at a reduced interest rate, which will be used to replace the energy from waste plant – now 50 years old – in Edmonton,…
Treasury ‘net zero’ review terms of reference published
by New Power • • Comments Off
The government has set out the terms of reference for a review by HM Treasury of the funding and cost distribution of a transition to net zero. The review was a recommendation from the Committee on Climate Change, accepted by the…
SSE confirms Fiddler’s Ferry’s last winter
by New Power • • Comments Off
SSE has confirmed that the remaining units at its coal-fired Fiddler’s Ferry Power Station in Warrington, Cheshire, will close by 31 March 2020. The proposal was first announced in June. Fiddler’s Ferry is the last remaining coal-fired power station in…
Grain LNG terminal announces ‘open season’ on future capacity contracts
by New Power • • Comments Off
National Grid Grain LNG has launched an ‘open season’ process for customers interested in buying capacity at its liquefied natural gas storage facility from 2025. The opportunity follows the end of long-term contracts that underpinned the original construction and development of…
Council-owned Hackney Light and Power to launch in spring 2020
by New Power • • Comments Off
London’s Hackney Council has announced plans to launch a publicly-owned energy services company in spring 2020. Called Hackney Light and Power, the new company will be owned, run, and managed by the local authority. The company’s launch will include plans for…
Funding round opens for industrial decarbonisation projects
by New Power • • Comments Off
Companies have until 4 December to apply for a share of £1 millon in funding in two competitions run by Innovate UK as part of the government’s Industrial Strategy Challenge Fund to help the UK achieve net zero emissions by 2050. The…