Author Archive for New Power

Price spikes, not blackouts, are the biggest risk this winter

We are not at high risk from blackouts this winter. That is the strong response from New Power’s panel of energy industry experts in a survey carried out in October. Experts said that the market would respond, to provide power when needed. But they said part of the reason was that prices would “spike” – shooting up for periods that could be as short as half a hour – and that could have dramatic effects on industry players, possibly driving them into financial distress.

It’s time to go for gas

Clive Moffatt, an advisor to independent generators, equipment providers and financial institutions on the implications of Electricity Market Reform, argues that we should address the shortcomings of EMR and recognise the central role of gas in delivering affordable and secure energy