Drax and Iberdrola have agreed a risk sharing mechanism over £36 million in Capacity Market (CM) payments for 1 January 2019 to 30 September 2019, which are uncertain after the ECJ set aside the Capacity Market and halted payments. In…
Author Archive for New Power
Two more suppliers exiting the market as Ofgem names RO defaulters
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Energy suppliers who have met their Renewables Obligation (RO) will have to make quarterly payments to make up a multimillion pound shortfall, Ofgem has announced. Some 14 companies still owed £58.6 million in RO payments at the ‘late payments’ deadline of 31 October. Of…
New platform to run weekly FFR auctions, aiming to attract more suppliers
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European power exchange Epex Spot and National Grid Electricity System Operator are developing a platform to host a firm frequency response auction trial in GB next year. The frequency response auction trial will be run every week for service delivery…
Major EV charging trial covers 3000 vehicles
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A three-year trial of commercial electric vehicles (EVs) has been given the green light by Ofgem. It will see up to 3,000 electric vehicles from Centrica, Uber and a large UK depot-based parcel carrier take to the road, supported by Scottish…
Social Energy to offer domestic customers access to Balancing Market
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New utility Social Energy says it is the first to win permission from National Grid ESO to aggregate domestic response, so it can be traded in the Balancing Market. The company plans to offer batteries to domestic customers and will…
EfW plant acquired
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Infrastructure investors Equitix and Iona Capital have acquired a £72 million energy from waste (efw) facility in Bridgwater, Somerset. The 7.75MW facility will process 100,000 tonnes of commercial and municipal refuse derived fuel (RDF) per annum, which would otherwise have…
Ofgem changes Ofto bidding regime, aiming to increase pool of bidders
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Up to eight bidders will be invited to tender for the right to own and operate links to offshore wind farms in future tenders, and the licence will run for 25 years (instead of 20 years), Ofgem has announced. The…
CCUS Action Plan promises reviews to be completed by end 2019
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Carbon capture and storage is in the spotlight today as the UK hosts a summit on carbon capture, utilisation and storage (CCUS). Government’s contribution was a CCUS Action Plan, intended to deploy CCUS at scale during the 2030s, ‘subject to the…
From the New Power archive: Simon Harrison discusses Future Power System Architecture and code governance
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As the Future Power System Architecture programme, backed by the IET and Catapult, reaches the end of five years, a look back at New Power’s September 2017 interview with the programme’s Simon Harrison. He talks about how code governance could…
Ovo takes on Spark Energy customers
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Ofgem has appointed Ovo Energy to take over Spark Energy’s 290,000 customer accounts. Ovo said, “Through the purchase of the operating company we can ensure that Spark Energy will continue to serve customers through its existing team, with minimal disruption…