EDF Energy has announced that generation will end at its 2000MW Cottam coal-fired station on 30 September. Its remaining coal-fired station, 2000MW West Burton A, has Capacity Market agreements in place for three of the four units util September 2021. EDF…
Author Archive for New Power
Price cap rises by £117: the industry responds
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From 1 April, the levels of the default tariff price cap will increase by £117 and pre-payment meter cap by £106 to reflect higher costs, Ofgem has announced. Of that increase, £74 is related to wholesale price increases, and £43 for networks and policy. The…
Industry groups call on secretary of state to step in over charging reforms
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Energy trade associations from the decentralised and decarbonised renewables sector have warned the government that Ofgem’s charging reforms are putting at risk a more flexible, low-carbon energy system. In a letter to secretary of state Greg Clark MP the ADE, Beama,…
Smart meter installations slow
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Smart meter installations fell by 35% in December – the biggest month by month fall since 2012, according to figures on electricity meter installation provided by industry body Electralink. The worst area affected was South Scotland, with a 41% month-on-month…
BSC recommendation gives steer over Capacity Market levies but uncertainties remain
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The BSC (Balancing and Settlement Code) panel has recommended that Ofgem approve a modification that would allow Capacity Market levies to be collected from suppliers, and held I escrow until the future of the CM becomes clear. The regulator has…
Ofgem wants more evidence on real-time electricity pricing to plan move to half-hourly settlement
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Ofgem wants more information about how consumers might react to the option of using real-time energy pricing, to build its business case for moving to half-hourly settlement for all customers and decide when and how to make the change. Wholesale…
OPINION: The Capacity Market must change – but it is too important to abandon
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Lawrence Slade argues that the Capacity Market is a necessary measure to maintain both supplies and investor confidence. The current hiatus should be seen as an opportunity for reform – not the end of the measure The winter blackout…
Networks to standardise paperwork for electric vehicle and heat pump installers
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Network operators have launched new reforms that will cut the paperwork required for connecting electric vehicles (EVs) and heat pumps to the grid. Recent National Grid projections show that the number of EVs on our roads could reach up to…
Blackrock sells wind and solar projects to Equitix
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BlackRock has sold five operating wind farms and one operating solar project to Equitix Investment Management. All began commercial operations between 2010 and 2015. BlackRock said it had brought the projects through construction and early stage development and optimised the group’s debt…
The game changer
by New Power • • 3 Comments
Volkswagen has decided to enter the electricity supply market, initially to charge electric vehicles – supplying both the ‘fuel’ and the infrastructure – but soon as an electricity supplier in its own right. This could be the game-changer the electricity…