The Department of Energy and Climate Change (Decc) has been “reckless and wasteful” in managing renewable energy subsidies, and in overseeing the spend Treasury and Decc have focused entirely on individual programmes instead of considering total costs and affordability, says…
Author Archive for New Power
Winter outlook: £36 million in backup power contracts required to meet system standard
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The loss of load expectation (LOLE) in the coming winter would have been 8.9 hours/year – a margin of 1.2% – if National Grid had not procured backup supplies at a cost of £36 million. The company said procuring Strategic…
Don’t disadvantage small-scale hydropower, it’s our oldest form of clean energy
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Changes to the Feed-In Tariff will have unintended consequences for a revived hydropower industry, just at a time it is bringing investment and clean energy into rural areas, argues Simon Hamlyn, chief executive of the British Hydropower Association Hydropower is…
New nuclear build: will plants be in competition for support?
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Today’s market report from the Competition and Markets Authority raises concerns over the way that the Department of Energy and Climate Change (Decc) negotiated so-called “final investment decision (Fid)-enabling contracts” in its Contracts for Difference (CfD) support scheme for low…
Minimum deployment levels could help new energy technologies
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Luke Warren, chief executive of CCSA, says setting a minimum deployment level can give new technologies both market certainly and competitive pressure The UK is entering a period of energy policy in which technology specific targets – such as…
Time for the new government to make the UK a world leader in energy storage
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The UK is leading on research in grid scale electrical energy storage, but its energy regulatory policies are in need of a serious rethink if it is going to realise its potential as a global leader, says Professor Phil Taylor…
E.On launches smart pre-pay pilot
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E.On is trialling a “smart” pay as you go tariff. It will cover just 30,000 customers who are currently on prepayment meters or pay on receipt of their bill. The tariff will be not be offered to other existing and…
The countdown is on for REMIT reporting: time to get your data in order
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With REMIT rearing its head, EMIR fresh in the memory and MiFID II on the horizon, it’s becoming clear that regulation is now an ever-present in the space. Harry Nota looks at where the industry is today and argues that…
Ovo says: make energy tariffs cost-reflective to kick-start competition
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Ovo’s chief financial officer Chris Houghton talks about pricing in an interview with New Power: “We make a margin on every customer however small and we don’t believe in some customers subsidising others. “We don’t think that’s the view throughout…
Do we need a framework for Better Policy Principles?
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Does government need a framework like the Better Regulation Principles to raise the quality of its policy decisions on low carbon? Environmental think-tank Sustainability First suggests it does, and has proposed 12 principles that could form the basis of a…