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…
Author Archive for New Power
First grid-scale battery opened in Scotland
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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
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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…
Ofgem wants action over industry’s poor customer data
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Ofgem has written to network companies, suppliers and metering companies to warn them to take action to improve the quality of the data they hold on customers. The regulator said, “Poor quality data has repeatedly been identified as a risk…
Statkraft enters Republic of Ireland power market
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Statkraft has entered the Irish power market. It has been granted a supply licence in the Republic of Ireland and has successfully concluded a seven-year power purchase agreement (PPA) with Castledockrell, a 41.4MW wind farm. The timing coincides with the new…
From the archive: New Power Report talks to new supplier Bulb
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Amit Gudka and Hayden Wood saw the energy industry from the inside and thought they could do better. Two years ago Janet Wood spoke to them Bulb founders Amit Gudka and Hayden Wood tell me they set up the company because they experienced the energy…
Ofgem sets out proposed price cap to save consumers £1 billion
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Ofgem has proposed price caps that it says would save the average household on a default tariff £75 per year. “In total, the price cap would save consumers around £1 billion,” said the regulator. It believes companies who serve the…
Ørsted celebrates opening of Walney Extension
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Ørsted has announced the opening of the 659MW Walney Extension offshore wind farm – currently the world’s largest. The site comprises 40 MHI Vestas 8MW wind turbines and 47 Siemens Gamesa 7MW wind turbines, covering an area of 145km2 in the Irish…
UK and EU businesses call for Brexit agreement to enshrine partnership on energy and climate
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A coalition of UK and EU organisations has written to Theresa May and EU president Jean-Claude Juncker to plead for a comprehensive joint plan to work together on energy and climate after Brexit. The organisations want the EU and UK to…
Gas and electricity networks want low carbon projects: £90 million in funding up for grabs
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Energy Network Companies have launched a ‘Call for Ideas’ for network innovations for gas and electricity network. Companies can work with gas and electricity network operators to develop bids for innovation projects that will total up to £20 million for gas…