MPs on the Select Committee on Business, Energy and Industrial Strategy (BEIS) have called on the Competition and Markets Authority (CMA) to scrutinise the proposed merger between SSE and Npower’s retail arms. The committee wants the CMA to carry out a…
Author Archive for New Power
Batteries will be derated in Capacity Market auction, BEIS confirms
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The government is to go ahead with plans to derate electricity storage facilities that provide power for less than four hours: the change will apply in the forthcoming Capacity Market auctions for 2021/22 and 2018/19. Some 6GW of storage has…
Electron warns: Ofgem’s CSS procurement is closing off innovation
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Blockchain energy systems developer Electron has warned Ofgem that its approach to procuring a Central Switching Service (CSS) is short sighted. In an open letter, the company warned that Ofgem’s approach is “limited in scope”, would perpetuate longstanding industry issues…
Good Energy to install battery at Eden Project
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Good Energy has announced its first battery service solution – a new direction for the green energy company – at the Eden Project in Cornwall. Eden’s new battery, due to be installed in summer 2018, will have five 50kW ‘fridge-sized’…
Greencoat picks up more solar projects
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BayWa r.e. has sold its remaining portfolio of UK solar farms, totalling 75MW, to Greencoat Solar II LP, managed by Greencoat Capital. The portfolio includes includes six solar farms spread across England and Wales totalling 30MW, and the 45MW Bann Road solar…
From New Power Report: what is a blockchain and what are the energy applications?
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In the March 2017 issue of New Power Report Janet Wood looked at how blockchains are becoming a reality in the electricity sector Anyone attending power industry conferences and meetings in the past couple of years has heard that blockchains have the potential to transform the…
Launch of Ventient Energy brings new player to onshore wind sector
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Ventient Energy launches today. It is the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind. The company is seeking growth: chief executive Scott Mackenzie said, “The UK onshore wind market is fragmented, and Ventient Energy…
Pensions investments tilting towards low-carbon
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The 2015 COP Paris climate conference was a “game changer” and more global pension funds are pricing climate risk into their portfolios, according to a new survey by Create Research. It found that among the funds, “impact investing – the…
What does the year ahead have in store for transforming utilities? IT companies’ future views
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Traditional utilities are transforming into e-utilities, using big data and new IT opportunities to offer services to distributed energy providers, prosumers and connected-home customers. New Power asked companies working at the intersection of energy supply and e-services to give their…
Shetland link cancelled after power station pollution limits delay
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Ofgem has rejected plans for an electricity cable between Shetland and mainland GB, because a change in environmental legislation means it is not needed urgently. The regulator said cheaper options could now be employed and would be more flexible to…