Author Archive for New Power

Industry reacts to Helm review

Michael Grubb, Professor of International Energy and Climate Change Policy, UCL: “There is a lot to agree with here – and much to chew on.  But it would help if Helm acknowledged that the dramatic technology cost reductions he highlights were largely…

Open Utility wins funding to develop local flexibility trading

Open Utility has won £412,500 in funding from the Department for Business, Energy and Industrial Strategy’s Energy Entrepreneurs Fund (EEF) to develop an online marketplace for local electricity flexibility trading. The marketplace will help distribution network operators (DNOs) play an active…

Price caps: the industry responds

The government will today publish new legislation that will allow it to take powers to direct Ofgem to set a price cap for all energy customers. Meanwhile Ofgem has published proposals to extend its price cap for vulnerable customers. Legislation and…

Innogy takes full ownership of Triton Knoll

Innogy has acquired Statkraft’s 50% stake in the 860MW Triton Knoll offshore wind farm, making it the project’s sole owner. But Innogy chief operating officer Hans Bünting said it may not stay that way, commenting, “With full control over Triton Knoll, we…