The Scottish Government has announced £43 million in grants to 13 low carbon infrastructure projects via the Low Carbon Infrastructure Transition Programme (LCITP). The projects include: Glenrothes Next Generation Heat. The project aims to find district heat customers for RWEs…
Author Archive for New Power
Good Energy launches bond to raise £10 million to expand into storage and electric vehicles
by New Power • • Comments Off
Good Energy has launched its second corporate bond. It wants to raise £10 million (with an over-subscription maximum of £20 million). Its first bond was launched in 2013. The new bond will have an initial four-year term and investment can…
Demand Turn-Up: has procuring less than planned “killed it before it got going”?
by New Power • • Comments Off
Demand Turn-Up has been “killed before it got going”, an industry member told New Power after the results of National Grid’s fixed tender for the service were announced. In the tender, 138.6MW of fixed volume was accepted from tenders totalling…
Industry code bodies – download our quick guide
by New Power • • Comments Off
Download our quick guide to industry codes and code administrators: Code bodies – a summary Join the debate: Code adminstrators facing major industry change call on Ofgem for leadership For industry codes, form should follow function and the customer comes…
Gas engines ‘could be transplanted overseas’ despite Capacity Market penalties if Triad benefits are not grandfathered
by New Power • • Comments Off
So-called car-park generators could walk away from capacity market (CM) contracts if regulator Ofgem goes ahead with plans to cut Triad payments – and that could include dismantling and exporting plants that have already been built, New Power has been…
Nissan and Eaton combine to launch domestic storage product
by New Power • • Comments Off
Nissan has joined forces with Eaton to launch a domestic energy storage product, known as xStorage, that can use recycled lithium ion batteries. The storage is expected to be used by consumers with rooftop PV to maximise returns from feed-in…
OPINION: For industry codes, form should follow function and the customer comes first
by New Power • • Comments Off
Tony Thornton, head of transformation at Gemserv, says a single Retail Energy Code could help support a simplified consumer-centric code governance model, but it must be implemented around a complex reform programme already under way. Aligning codes to function is a…
Vattenfall launches green energy offer for UK business customers
by New Power • • Comments Off
Swedish energy company Vattenfall has launched a green energy supply product for UK business customers, to be called ‘Fresh’ (‘Flexible, Renewable Electricity, Supplied Honestly’). Vattenfall, which is 100% owned by the Swedish state and has over 6 million customers across…
Brexit ‘puts operation of the UK nuclear industry at risk’, warns Select Committee
by New Power • • Comments Off
“The continued operations of the UK nuclear industry are at risk,” said Iain Wright MP, chair of the Business, Innovation and Skills Committee, because “The impact of Brexit on Euratom has not been thought through.” He said ministers must act…
Northern Ireland Affairs Committee warns over rising power prices
by New Power • • Comments Off
Northern Ireland could face further rises in energy bills because it faces a deficit in electricity production by 2021, according to a report by the Northern Ireland Affairs Committee. It is crucial that the North/South Interconnector between Northern Ireland and…