Solarplicity has been issued with a provisional order by Ofgem to pay outstanding money owed to customers with domestic generation who are eligible for Feed-in Tariff (FIT) payments. Ofgem said it understands that Solarplicity failed to pay a number of FIT…
Author Archive for New Power
Octopus Energy completes onshore wind refinancing
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Octopus Energy Investments has completed a £344 million refinancing of its UK onshore wind portfolio. The portfolio, which Octopus acquired on behalf of its investors in a series of transactions between 2015 to 2017, includes seven sites across England and…
Siemens to spin off gas and power business
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Siemens is to spin off its gas and power interests in a new company to be given “complete independence and entrepreneurial freedom”. The new company will comprise Siemens’ current oil and gas, conventional power generation, power transmission and related services businesses. It will…
OPINION The energy transition: disruption or repurposing?
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Research by Michael Kattirtzi and Mark Winskel found different views on the UK energy system transition The UK’s energy system is experiencing dramatic technological and institutional change, and there are enormous challenges in reconciling system-wide decarbonisation, energy security and…
Consultation opens over the UK’s carbon price future
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The UK government is consulting, along with the devolved administrations, on a new UK carbon pricing scheme that would be employed in the event the UK could not take part in the EU’s Emissions Trading Scheme (EU ETS) after Brexit.…
From New Power Report: UK100 and the zero carbon approach in local authorities
by New Power • • 1 Comment
Members of the UK100 network of local authorities have pledged to convert to using 100% green energy by 2050. Janet Wood spoke to the network’s director, Polly Billington, about taking a local approach to energy. Ofgem should have more‘sandboxes’ (projects…
ACT NOW Consultation on balancing services charging task group report closes on 17 May
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Industry members have just ten working days to respond to a draft report on the future charging regime for balancing services. Regulator Ofgem decided to launch a Balancing Services Charges Task Force in November with the aim of providing analysis…
Ofgem to act over consumer protection for micro businesses
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Ofgem has opened its strategic review of the microbusiness market. As New Power reported on 3 April, Ofgem will launch a strategic review of consumer protection for microbusinesses. The launch document is here. The review was welcomed by Gillian Guy, chief executive of…
Epex sees off competition probe by agreeing to help open up GB/iSEM trading
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Power exchange Epex Spot has headed off an investigation by regulator Ofgem by agreeing to help set up another power exchange for companies trading power across interconnectors between the GB and Irish/Northern Irish markets. Ofgem warned in November that it…
CCC’s net zero target: the industry responds
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Now is the right time to set a ‘net-zero’ greenhouse gas emissions target, says the Committee on Climate Change in its new report. It wants to set a 2050 target for the UK overall, with a target for Scotland to…