Government has announced a ‘smart data’ review intended to use new data-driven technologies and services to improve the consumer experience in regulated markets. The review, jointly launched by the DCMS and BEIS, said consumers struggle to identify the best deals for…
Author Archive for New Power
Electricity North West on negative ratings watch over lower returns in RIIO2
by New Power • • Comments Off
Ratings agency Moody’s has reacted to Ofgem’s plans to cut returns to network companies by placing a ‘negative’ outlook on the rating of Electricity North West (ENWL) and its parent, because of the companies’ high leverage and borrowing costs. Moody’s said ENWL’s…
Labour energy plans: the industry responds
by New Power • • Comments Off
Labour leader Jeremy Corbyn reiterated, in his speech to the Labour Party conference, plans for “a 60% reduction in emissions by 2030… with plans to reduce greenhouse gas emissions to zero by the middle of the century” and “a ‘Green…
SSE takes full ownership of Seagreen offshore wind projects
by New Power • • Comments Off
SSE has taken full ownership of offshore wind projects under development by Seagreen Wind Energy, in which it had a 50% share, acquiring the remainder from Fluor. The Seragreen projects are in the outer Firth of Forth and Firth of…
Three offshore links on offer in £2 billion tender
by New Power • • Comments Off
A tender will open on 29 October three offshore transmission assets, Ofgem has announced. The regulator says the three links will together be worth more than £2 billion. The assets are links to three offshore wind farms: • Beatrice (588MW), 13km…
Don’t mention the margin
by New Power • • Comments Off
It’s that time of year again. The leaves are falling, the big coats are coming out and people take a personal vow not to turn on the heating until October. Politicians who have responsibility for energy turn to thoughts of…
Suez announces new ‘energy from waste’ plant near Billington
by New Power • • Comments Off
Suez UK has announced plans for a new energy-from-waste facility at Haverton Hill, near Billingham in Stockton-on-Tees, which will serve public sector and commercial customers in the North East and Scotland. The company already operates five energy-from-waste process lines in…
Capacity Market Obligation traded using blockchain
by New Power • • Comments Off
EDF Energy and UK Power Reserve, part of the Sembcorp Group, have completed the first transfer of a Capacity Market obligation using a trading platform built by Electron and underpinned by blockchain. Electron said that trades can take up to…
First grid-scale battery opened in Scotland
by New Power • • Comments Off
The first utility-scale battery facility in Scotland has been commissioned. The 20MW Broxburn Energy Storage installation was built and managed by RES and owned by The Renewables Infrastructure Group (TRIG). Livingston-based NRS Group were the main civils contractor during the £1.5…
Innovation ‘sandbox’ finds most ideas need more help, not regulation change
by New Power • • Comments Off
The outcome of Ofgem’s first ‘regulatory sandbox’ suggests there could be more energy innovation within current regulatory arrangements – but innovators need help to navigate complex arrangements. In a report on the sandbox, which allows the regulator to grant temporary…