The UK could slide into a ‘no deal’ Brexit because there has been little possibility to plan for alternatives, Christiane Leuthier, senior director of commodities at FIA, suggested at a round table on Brexit organised last month by trading exchange EEX.…
Author Archive for New Power
Vitol fined over market manipulation: ACER warns budget cuts may leave future abuses undetected
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France’s Energy Regulatory Commission (CRE) has fined Vitol €5 million for engaging in market manipulation in the gas market. But the EU’s Agency for the Cooperation of Energy Regulators (ACER) warned that unless its market monitoring resources are maintained similar abuses…
CMA clears SSE/Npower retail merger
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The Competition and Markets Authority (CMA) has given the go-ahead to a merger between SSE Retail (SSE) and Npower. The CMA said its panel had specifically examined competition concerns around how the deal would impact ‘standard variable tariff’ prices. It concluded…
Tender to open for three offshore wind farm links
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Ofgem is opening a tender for owning the electricity transmission link to the 1.2GW Hornsea 1 wind farm project, owned by Ørsted, and sited 120km east of the coast of Lincolnshire and Yorkshire. The link to Hornsea 1 is one of three…
IPCC report: the industry responds
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Nick Molho, executive director, Aldersgate Group: “This report from the world’s leading climate scientists is clear that there are compelling environmental, economic and social benefits to limiting the increase in global temperatures to 1.5 degrees as envisaged in the Paris Agreement.…
EBRD calls for ‘step change’ in renewables investment
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The European Bank for Reconstruction and Development (EBRD) has called for a step change in investment in renewable energy. It said competition had resulted in cost reductions that meant it was often the cheapest option. Harry Boyd-Carpenter, EBRD director, head…
IGEM takes on hydrogen standards project
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The Institution of Gas Engineers & Managers (IGEM) is to develop hydrogen standards for the government’s £25 million research and innovation programme. The Hy4Heat programme is a feasibility study into the use of hydrogen for heat in UK homes and…
Hydropower company wants local investors
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A hydropower company is seeking investors to join development of a suite of community projects. Eventually, the Highland Community Energy Society wants the general public to join to purchase a community stake amounting to £1.89 million in total in six…
System Operator seeks BM and non-BM reactive power providers for South Wales and Mersey
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National Grid’s Electricity System Operator (ESO) has opened the process of contracting for reactive power services over the next two winters, publishing ‘requests for information’ from providers. For the first time the service can be offered by providers that do…
National Infrastructure Commission opens study of regulators
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The National Infrastructure Commission has begun a study of regulation of the UK’s energy, telecoms and water industries. The NOC said the study would examine how the regulation could ”ensure the necessary levels of investment and innovation whilst these critical…