Jens Madrian spent many years at RWE, finally as chief financial officer at Npower. Now he has joined a ‘smart energy’ company, Reactive Technologies. In 2016 he spoke to Janet Wood about moving from a ‘big six’ company to a…
Author Archive for New Power
Spring Statement and low-carbon homes: the industry responds
by New Power • • Comments Off
Barny Evans, head of energy, waste and sustainable places, WSP: “The future of homes standard announcement, due in 2025, is welcome. It builds on the Committee on Climate Change’s report which called for all new homes to be all-electric from 2025. We have…
Ovo takes stake in blockchain company Electron
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Ovo has taken a minority stake in blockchain company Electron, through its company Kaluza. Electron will use the proceeds of Kaluza’s investment to accelerate the development and deployment of its distributed flexibility marketplace. The deal is the first strategic investment for…
Brexit updates
by New Power • • 1 Comment
BEIS has put forward further updates on the possibility of a ‘no-deal’ Brexit in response to an earlier stakeholder engagement meeting. Among them: Remit: Registered market participants (MPs), will not need to take any action to trade in GB, as…
Brilliant Energy out of business, along with Northumbria ‘white label’ customers
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Brilliant Energy Supply Limited, an energy supplier with about 17,000 domestic customers, has ceased to trade. The company’s customers, which include some supplied under a ‘white label’ arrangement with Northumbria Energy, will now enter Ofgem’s ‘supplier of last resort’ process…
Cornwall Insight predicts shortfall in RO funds will trigger mutualisation for 2018/19
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Energy retailers will be called on to top-up the Renewables Obligation (RO) for the second year in a row, Cornwall Insight has predicted, because the failure of more suppliers will mean necessary payments have not been made. Suppliers can make…
Capacity Market: BEIS consults on T-3 auction in 2020 and entry for renewables
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BEIS is consulting further on changes to the Capacity Market that would enable wind and solar projects to be included, make changes in the way interconnectors participate, and prepare for a ‘T-3′ auction to be held in early 2020 –…
Ofgem order: Avro Energy must join DCC or stop taking on customers
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Ofgem wants to stop Avro Energy from taking on new customers if it fails to become a smart meter Data Communications Company (DCC) user by the end of May. All suppliers were required to become DCC users by 25 November…
BioSNG plant proposed to fuel transport fleet
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Progressive Energy has sought consent for a £150M biomass to BioSNG plant. The Protos plant is expected to start production in 2022 within the Energy Innovation District (EID) which brings together Cheshire & Warrington LEP, Cheshire West and Chester Council and the…
Offshore wind sector deal: the industry responds
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Benj Sykes, co-chair of the Offshore Wind Industry Council and Ørsted UK country manager for offshore: “…offshore wind is set to take its place at the heart of our low-carbon, affordable and reliable electricity system of the future. “This relentlessly innovative…