The UK’s large electricity networks return a third of their revenue as profit, claims the Energy and Climate Intelligence Unit (ECIU), and cumulatively at least half – over £5 billion – has been paid in dividends to the companies’ overseas…
Author Archive for New Power
Dutch funding drives mass PV installation on UK social housing
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Maas Capital (part of the ABN AMRO Bank) is to invest £160 million to fund the installation of solar panels from Solarplicity on affordable housing in England and Wales. Solarplicity will partner with social housing providers to install panels on…
Battery to add stability to Burbo Bank offshore wind farm
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Dong Energy is to install a 2MW battery at its Burbo Bank offshore windfarm near Liverpool.The battery will be supplied by ABB. The 90 MW Burbo Bank offshore wind farm has been in operation since 2007. The battery will help…
Geothermal heating project planned for Kilmarnock development
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The Scottish Government is to provide £1.8 million from the Low Carbon Infrastructure Transition Programme to fund a new geothermal heating system for new homes at the former Johnnie Walker bottling plant in Kilmarnock. The homes are part of a three-phase…
SSE issues €600M green bond to refinance onshore wind
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SSE has issued a €600 million green bond to refinance its portfolio of recently constructed or under construction onshore wind farms. The company said there was “significant demand” for the eight-year, 0.875% bond, which it said made it possible to price…
Fossil power specialists make storage and flex part of the package
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GE plans to supply storage technologies alongside gas in future, according to the company’s vice president for Europe, Michael Rechsteiner. He expects to see the roles being filled by fossil plants changing and in future, when selling or upgrading gas…
Energy Saving Trust wins contract to distribute energy companies’ redress payments
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In the past five years energy companies have made £191 million in voluntary redress payments when they broke rules, in addition to direct payments made to customers. Now Ofgem has appointed the Energy Saving Trust (EST) to manage the allocation…
Evenergi wins first ‘lite’ licence with Corona
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Ofgem has granted its first ‘Licence Lite’ approval, to Evenergi. The ‘lite’ licence is intended to help new suppliers enter the electricity supply market. It allows the new entrant to partner with an existing licensed supplier – who assumes responsibility…
DNOs could face penalty over performance on large connections
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Electricity distribution network operators (DNOs) have been warned they may face penalties if they do not improve their performance on upgrading connections or connecting new customers to the network.The poor performance relates to connecting larger customers. DNOs have a bonus/penalty…
Independent networks ‘an opportunity for innovation’
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Changes in the views of housebuilders will be a major influence in rolling out electric vehicles and other domestic energy options, according to Vicki Spiers. “Will people decide not to buy houses because they don’t have an electric vehicle charging…