Drax shareholders have approved plans to acquire business energy supplier Opus Energy with 83% voting in favour. The £340 million acquisition will now be completed tomorrow (10 February). Drax’s board said Opus will enhance Drax’s retail offering “by combining the…
Author Archive for New Power
E.On plans fast-charging electric vehicle network across Europe
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E.On has announced plans for a partnership with Danish e-Mobility service provider Clever to roll out ultra-fast charging stations for electric vehicles (EVs) along European motorways. The partners want to install several hundred charging locations across Europe, placed every 120-180km…
Ofgem announces price caps for pre-payment customers
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Ofgem has published gas and electricity price caps for customers using pre-payment meters. The caps apply to electricity and gas and vary between regions (because network charges vary) and between types of meter (eg for those on Economy 7 tariffs).…
Electric vehicles: ‘perfect storm’ could see consumer boom
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Government projections that there will be two million electric cars on the road by 2020 are understated, says Tim Payne, chief executive of new fast-charging company InstaVolt. In a New Power interview Payne says there is a ‘perfect storm’ of…
Do you have an opinion on research funding for flexible energy technologies? Innovate UK wants views by today
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Organisations are invited to respond today to an online survey on how a new research fund should be used. The new Industrial Strategy Challenge Fund (ISCF) was announced alongside the Green Paper setting out plans for an Industrial Strategy on…
OPINION: Take the Brexit opportunity to engineer a better energy landscape
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Chris Evans, deputy managing director at Rolton Group, says this is a good time to reassess our steps towards a low-carbon economy, broaden our technology choices, and move heat up the agenda The start of 2017 has not alleviated the…
BayWa r.e. sells three solar farms
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BayWa r.e. has sold three British solar farms to Allianz Renewable Energy Fund II managed by Allianz Global Investors. Combined, the three solar farms have a total output of around 100MWp. BayWa r.e. has now sold all of the solar…
Energy rebate that could have cost new suppliers dearly
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Electricity customers have received two £12 payments via the Government Electricity Rebate scheme. Ofgem E-serve, which administered the scheme, said it was pleased with the process. But one new supply company said the cost of administering the rebate placed an…
Code adminstrators facing major industry change call on Ofgem for leadership
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The energy industry’s code administrators face a ‘crunch’ in delivering arrangements for major change in the next two years, along with huge political and regulatory uncertainty, at a time when the code arrangements themselves are in flux. “Ofgem needs to…
Competition offers funding to energy transition startups – closes 31 January
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Start-ups have until 31 January 2017 to submit their entries for the international ‘Start Up Energy Transition Award’, from the German Energy Agency. The competition is open to any ideas that promote energy transition and worldwide climate protection.They should be…