Water company Severn Trent is inviting companies to come forward with innovation to help to reduce its energy costs – the company’s second-biggest expense. The company spends around £100 million per year to meet its annual electricity need of 900GWh.…
Author Archive for New Power
Ofgem: full steam ahead on faster switching
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A £1 saving in indivudual consumer bills – because the domestic market was more competitive – would more than offset all the costs of a faster switching programme, says Ofgem. It based that on CMA estimates that domestic consumers as a…
LNG terminal and CCGT proposed for defunct coal port
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Peel Ports is consulting on plans for development at Hunterston, North Ayrshire. The 300 acre site, was previously used to import coal to burn in Scottish power stations. A new 20-year ‘master plan’ could see the port house an LNG (liquified…
UKPN offers contracts for flexibility in eight locations
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After its second flexibility tender UK Power Networks has offered contracts to six companies across eight different locations. They will install or recruit new flexible capacity with a total value of more than £450,000 and a total capacity of 18.2MW. The technologies…
Demand response aggregators launch common standards and confidence code for businesses
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The Association for Decentralised Energy (ADE) has launched a compliance scheme to help industry and business develop a ‘smart’ energy startegy. The Flex Assure scheme (and its Code of Conduct), will help businesses to compare the different services offered by…
Labour renationalision plans – responses
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Proposals by the Labour Party to take energy networks back into public ownership would include interconnectors and would take the assets back at cut price. According to the FT, shareholders be given compensation below market prices because of ”‘asset stripping…
‘Energy entrepreneurs’ focus moves from renewables to storage and gas peakers
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Independent generators invested £58 million in 80 new renewable energy projects last year, adding 329MW to bring the total capacity of the sector above 14GW, according to Smartest Energy’s annual Energy Entrepeneurs Report. But investment has switched away from renewables…
Planned VAT changes ‘undermine decarbonisation, fuel poverty and industry strategies’
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Sustainable energy organisations have called on HMRC to halt planned changes to the VAT regime that would raise the cost of installing more efficient and lower-carbon energy measures. VAT applied to energy efficiency measures such as insulation and low carbon…
MPs call for new support structure for wave and tidal power
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A cross-party group of 91 MPs have signed a letter to energy minister Claire Perry asking for more support for wave and tidal power. The letter, written by Conservative MP Richard Graham, Chair of the All-Party Parliamentary Group on Marine Energy and Tidal Lagoons, encourages the government to…
Banking app to offer energy switching
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Online bank Monzo has added an energy switching service to its app – although the switching options are currently limited to Ovo Energy and Octopus Energy. Users can enter information about their home to get quotes, then choose a tariff and…