Up to eight bidders will be invited to tender for the right to own and operate links to offshore wind farms in future tenders, and the licence will run for 25 years (instead of 20 years), Ofgem has announced. The…
Author Archive for New Power
CCUS Action Plan promises reviews to be completed by end 2019
by New Power • • 0 Comments
Carbon capture and storage is in the spotlight today as the UK hosts a summit on carbon capture, utilisation and storage (CCUS). Government’s contribution was a CCUS Action Plan, intended to deploy CCUS at scale during the 2030s, ‘subject to the…
From the New Power archive: Simon Harrison discusses Future Power System Architecture and code governance
by New Power • • 0 Comments
As the Future Power System Architecture programme, backed by the IET and Catapult, reaches the end of five years, a look back at New Power’s September 2017 interview with the programme’s Simon Harrison. He talks about how code governance could…
Ovo takes on Spark Energy customers
by New Power • • 0 Comments
Ofgem has appointed Ovo Energy to take over Spark Energy’s 290,000 customer accounts. Ovo said, “Through the purchase of the operating company we can ensure that Spark Energy will continue to serve customers through its existing team, with minimal disruption…
Pivot Power and Open Energi join Arsenal to trade on new battery
by New Power • • 0 Comments
Pivot Power is to install a 2MW/2.5MWh battery at Arsenal’s Emirates stadium funded with investment from Downing LLP, and operate it for 15 years. A further 1MW/1.2MWh of storage to be added in summer 2019. The battery can store enough…
Scottish Power to take on Extra Energy customers from Sunday
by New Power • • 0 Comments
Scottish Power has been appointed as the ‘supplier of last resort’ for the customers of Extra Energy Supply. Scottish Power Energy Retail Limited will take over supply for these customers with effect from 00:01 on Sunday 25 November 2018. Further…
Is the aim of the smart meter programme just to save money?
by New Power • • 1 Comment
The National Audit Office, in its latest report on smart meters, has asked whether the rollout will save money for customers. That’s a good question for the NAO to ask and its uncertainty over whether consumers will see their energy…
Spark Energy failure affects 290,000 customers
by New Power • • 0 Comments
Spark Energy has gone out of business. Its 290,000 customers will now be entering Ofgem’s ‘supplier of last resort’ process, and Ovo Energy told the BBC that it had put forward proposals to Ofgem to acquire the business. The company follows Extra Energy, Future Energy,…
RO and FIT shortfalls trigger enforcement action and more costs for compliant suppliers
by New Power • • 0 Comments
Suppliers have fallen short on payments to two renewables support schemes, prompting Ofgem to take enforcement action and potentially raising bills for other suppliers. The regulator said that after late payments there was a shortfall of £58.6 million in Renewables…
Energy efficiency fund to float, aims to raise £150M
by New Power • • 0 Comments
New investment company Seeit (SDCL Energy Efficiency Income Trust) has announced plans to float, to raise £150 million to invest exclusively in the energy efficiency sector, which it describes as a “rapidly growing segment of the infrastructure market”. The funds will be managed by Sustainable Development Capital, which…