The National Infrastructure Commission has joined with the Confederation of British Industry, the British Chambers of Commerce and the Federation of Small Businesses to press the government to take urgent action on a dozen key infrastructure decisions – a third…
Author Archive for New Power
OPINION: We can all win in the energy transition – get involved
by New Power • • Comments Off
Ahead of the Erasmus Energy Forum, meeting in Rotterdam on 28-29 June, Volker Beckers and Wolf Ketter argue that we need a joint understanding of the need for energy transition and how to implement the necessary changes. Once that is…
National Audit Office: Hinkley Point C deal locks consumers into risky and costly project
by New Power • • Comments Off
The Department for Business, Energy and Industrial Strategy’s deal for Hinkley Point C has locked consumers into a risky and expensive project with uncertain strategic and economic benefits, says a new report from the National Audit Office (NAO). When the…
Wessex Water acquires auto-switch company Flipper
by New Power • • Comments Off
Wessex Water has acquired auto-switch company Flipper. David Elliott, Wessex Water Group director of strategy and new markets, said: “Both Wessex Water and Flipper have the same vision to ensure customers are provided with excellent and affordable services. He added,…
Centrica sells two CCGTs to EPH
by New Power • • Comments Off
Centrica is to sell two operating combined cycle gas turbine (CCGT) power stations, Langage and South Humber Bank, to EP UK Investments Ltd. The plants have a combined capacity of 2.3GW. The sale, which is subject to EU merger clearance and…
Rough storage reaches final closure
by New Power • • 1 Comment
Centrica has announced that the Rough offshore storage facility, the UK’s largest gas store, will not reopen. The site has reached the end of its life and in any case, its owner said, reopening the store would not be economic.…
Ofgem to go ahead with Triad benefit cuts, plans three-year phase-in
by New Power • • 1 Comment
Ofgem has confirmed its ‘minded to’ proposal to reduce the ‘embedded benefit’ small electricity generators receive for producing electricity at peak times. The regulator said the payment cost customers around £370 million last year. Ofgem has decided to accept an…
Three more interconnectors to benefit from guaranteed return
by New Power • • Comments Off
Ofgem is proposing that three more interconnectors benefit from its ‘cap and floor’ regime, under which consumers underwrite the project and profits are capped. The three projects, which together could add 4.2GW of new connection between GB and Europe, are…
Greencoat Renewables to raise €250M for Euro-zone wind and solar acquisitions
by New Power • • Comments Off
Greencoat Renewables has announced plans for a stock market listing and capital raising of €250 million. The company, which acquired two operating Irish onshore wind farms totaling 137MW in March, wants to acquire further operating Irish wind farms. Longer term,…
RSPB Scotland to take offshore wind fight to Supreme Court
by New Power • • Comments Off
RSPB Scotland’s challenge to new offshore wind farms in the Firth of Forth continues, after it decided to appeal a judgement that would reinstate development consent for the projects. Together the schemes represent generating capacity of 2.3GW. One of the…