David Gilchrist of lawyers DWF argues that small suppliers and new technologies will suffer under plans for a price cap A 2015 investigation by the Competition and Markets Authority accused the UK’s energy suppliers of overcharging their customers to the…
Author Archive for New Power
Vendors invited for Alt HAN rollout services
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Operational services will soon be up for tender to support delivery and installation of the Alternative Home Area Network (Alt HAN) – a key enabler for the full rollout of smart meters. At present, 5% of homes in GB are…
MPs: government must pass a new Clean Air Act and restructure emissions legislation to tackle pollutants alongside carbon dioxide
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The UK needs a new Clean Air Act, unifying and updating air quality legislation on pollutants including sulphur dioxide, particulate matter, ozone, and nitrogen oxides after it withdraws from the EU, according to MPs. The MPs from four select committees…
Wind turbine supplier Gaia Wind in liquidation
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Gaia Wind, a Glasgow-based supplier of small scale wind turbines has gone into liquidation. The company announced that Michael Reid, Meston Reid & Co, Aberdeen was appointed provisional liquidator by the Court of Session in Edinburgh on 13 March. The…
Health clubs to add fast EV charging to the mix
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InstaVolt is rolling out rapid electric vehicle charging points to Bannatyne health clubs across the UK. The installation of more than 70 chargers is underway, with 56 already live, and the Bannatyne Group says more are likely to follow as EV sales…
Storage IPO aims to raise £100 million
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Storage-only fund Gore Street Capital has announced plans for an initial public offering, hoping to raise £100 million to invest in storage projects. It plans to use storage assets to ‘stack’ a number of different income streams with different counterparties,…
OPINION: Energy supply company insolvencies – a concern or an opportunity?
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Clare King and Matt Hill of Osborne Clarke examine the applications of Ofgem’s ‘supplier of last resort’ process so far, and consider the implications for challenger companies and those taking on customers Last winter we saw Ofgem using its Supplier…
EUSkills warning: diverging policies may limit skilled staff movement within the UK
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Skills policies across the UK are fracturing, and “now pull in opposite directions across the four nations” according to a new report from Energy and Utility Skills. The group wants to convene a ‘Four Nations Advisory Group’ to develop equivalence, comparability and…
E.On to acquire Innogy in €20 billion acquisition and restructuring
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E.On in Germany has reached an agreement in principle to acquire RWE’s 76.8% stake in Innogy. In return, RWE will gain a 16.67% share in E.On. The complex deal, in which E.On will offer €36.76 per share plus dividends of €3.24…
Women in power: providing expertise throughout the industry every day
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Women are under-represented in the energy and power industry – but that doesn’t mean they are not there. The number of women in the industry may be small, but it is growing, and they have a great track record…