The T-1 Capacity Market auction, securing 3626.196MW of ‘top up’ supply for the coming winter, cleared at a price of 77p per kW per year. Market participants are still waiting to hear whether the CM will be back in operation for…
Author Archive for New Power
ACT NOW: Nemo Link consults on no-deal Brexit trading rules
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A consultation on trading arrangements on the new Nemo interconnector with Belgium closes on Friday 14 June. The rules governing trade on Nemo Link in the event of a hard Brexit were approved by the regulators in February. However, the company said, those…
Net zero: the industry responds
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Nick Molho, executive director, Aldersgate Group: “This is a crucial step forward and a landmark achievement for the Prime Minister and all the ministers and MPs who have supported an increase in the UK’s climate ambition. The message from business is clear: the…
Battery projects win £23 million of funding
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Business secretary Greg Clark has announced £23 million of funding in battery technologies, part of the total £274 million that will be awarded to consortia across the UK through the Faraday Battery Challenge, within the government’s Industrial Strategy Challenge Fund (ISCF) Winners include: Mining…
From the New Power archive: Removing the lithium barrier
by New Power • • 2 Comments
In the April issue of New Power Report we looked at one of the concerns regularly expressed regarding the switch to electricity – and batteries – to fuel cars and large-scale storage: the supply of lithium. Demand is expected to…
Greens future? Octopus launches farm tariff
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Green energy tech supplier Octopus Energy for Business has launched two dedicated tariffs for ’vertical farmers’. Vertical farming takes place in indoor facilities where crops are grown on a series of levels in a precisely-controlled environment. Sounds niche? Octopus’s new tariff comes as…
Whitelee battery ‘first of many’ on renewables sites, says Scottish Power
by New Power • • 2 Comments
The Scottish Government has approved plans to install a 50MW battery at ScottishPower’s Whitelee wind farm. The lithium ion battery will be the size of half a football pitch. Scottish Power claimed it would be the largest windfarm battery in the…
Bill or regulation? Rachel Reeves MP pursues two options to get net-zero 2050 target
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Tomorrow (11 June) Rachel Reeves MP will present a Bill to Parliament which would commit the government to reducing UK carbon emissions to net zero by 2050. Reeves, who is chair of the Business, Energy and Industrial Strategy (BEIS) Select Committee,…
UK Export Finance ‘undermines low-carbon leadership’ says committee
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The UK’s export finance activities are undermining its international climate and development targets, says a new report from the Environmental Audit Committee.Committee chair Mary Creagh said: “The government claims that the UK is a world leader on tackling climate change, but…
Suppliers with more than 150k customers obliged to offer export tariff from 31 December
by New Power • • 2 Comments
From 31 December, suppliers with over 150,000 customers will have an obligation to offer an export tariff for customers who install solar, wind, anaerobic digestion or hydro generation with a capacity up to 5MW. The obligation also includes micro CHP with…