Ofgem has announced that the ‘market making obligation’, part of the ‘Secure and Promote’ measures intended to improve liquidity in the power market, will be suspended from 18 November. The regulator opened a consultation on the suspension in October and…
Author Archive for New Power
Step forward for Greenlink interconnector
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Applications have been submitted for environmental permits for the planned Greenlink interconnector between Wales and the Republic of Ireland. Current News reports that a Foreshore Licence application has been submitted to the Department of Housing, Planning and Local Government’s Foreshore…
NGESO seeks early views on changes to charging methodologies
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The electricity system operator has asked for early industry input over the way it applies charges for a number of the actions it takes to manage the system. The process applies to the charging regimes for specific actions but the outcomes…
E.On signs PPA for GB wind farms transferred to RWE
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E.On is to buy the output from more than 20 GB wind farms from RWE Renewables for the next 2.5-years. The power purchase agreement (PPA) will help E.On keep its promise, made earlier this year, to provide its 3.3 milion GB residential…
WPD opens ‘IntraFlex’ two-year flexibility trial
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Western Power Distribution has launched IntraFlex, a new innovation project with NODES and Smart Grid Consultancy. It will start with stakeholder engagement aimed at validating the market design and ensuring its value to the UK electricity system. Funded via a Network…
Ofgem seeks input for ‘first iteration’ of data best practice guidance
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Ofgem is seeking views from a broad spectrum of organisations on how to create a set of guidance on data ‘best practice’. The regulator expects to evolve its own work to be in accordance with the outcome, and will also use…
Ofgem: 42 suppliers missed RO payment deadline
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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…
OPINION: Use trading platforms to share capacity and flexibility and drive decarbonisation
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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
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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
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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,…