Dominic Whittome, consultant and ex-energy trader, regrets the loss of banks and other third parties from commodities and power trading In November the Financial Times reported that Barclays was winding down its energy – largely oil and gas – trading business,…
Author Archive for New Power
Horizon builds team to deliver new nuclear at Wylfa
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Horizon Nuclear Power has called on US nuclear utility Exelon to provide expertise as it develops its plans to build a new nuclear plant, Wylfa Nywedd, in Wales. Horizon is planning to apply for a site licence for the project.…
Toshiba delays results to investigate ‘inappropriate pressure’ over nuclear deal
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Toshiba, parent of the company planning to build a new nuclear plant at Moorside in Cumbria, has announced a $6.3 billion write-down for its US nuclear subsidiary Westinghouse. Reuters said that would “wipe out its shareholder equity and will drag…
Ovo acquires smart energy management company Vcharge
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OVO has acquired US energy technology company Vcharge. The US company’s technology uses algorithms to balance grid requirements with individual user requirements. The first application of the pioneering technology controls electric storage heating in social housing to better manage resident…
OPINION: Tidal power can help cut carbon emissions
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Andrew Crossland, energy storage specialist and blogger at MyGrid, says we should invest in tidal lagoons to increase the diversity of our energy supplies and reduce our carbon emissions The UK is committed to carbon reduction in all sectors of…
Energy suppliers: do they need more oversight?
by New Power • • 1 Comment
Specialist management consultancy Baringa Partners has added its voice to companies supporting financial checks and ‘stress tests’ for energy suppliers. Ryan Thomson, partner at Baringa, said: “The energy market will struggle to support more than 50 active suppliers sustainably over…
Street lights converted to EV charging points
by New Power • • 1 Comment
Three street lights in London’s Royal Borough of Kensington and Chelsea have been converted into electric vehicle (EV) charge points in the start of a trial with UK Power Networks and Ubitricity. The installation allows two local residents to charge…
Utilities join to build infrastructure workforce and skills
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The energy and utilities sector requires 221,000 new recruits by 2027, in order to provide the essential services its customers seek and the infrastructure the UK needs for its economic growth. Industry leaders have come together, as the Energy &…
C.Gen to seek Capacity Market contract for new CCGT
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C.Gen Killingholme has set its marker down for the next Capacity Market auction, in December 2017, saying it plans to enter its consented 470MW North Killingholme power station. The combined cycle gas turbine (CCGT), near Immingham in North Lincolnshire, was…
Drax acquires Opus – expects to lower imbalance and trading costs
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Drax shareholders have approved plans to acquire business energy supplier Opus Energy with 83% voting in favour. The £340 million acquisition will now be completed tomorrow (10 February). Drax’s board said Opus will enhance Drax’s retail offering “by combining the…