A Contract for Difference for the 450MW Neart na Gaoithe (NnG) ofshore wind farm remains in place, owner Mainstream Renewable Power has said. The CfD counterparty, the Low carbon Contracts Company (LCCC) and NnG had submitted a dispute relating to…
Author Archive for New Power
When a price increase is (sort of) good news
by New Power • • Comments Off
For the last few years the government and consumer organisations to switch their energy supplier and, generally, to jump on a fixed price deal. It’s good advice and a surge of customers followed it. In most cases they saved a…
Vattenfall signs 1000-battery deal with BMW
by New Power • • 1 Comment
Vattenfall and the BMW Group have signed a contract for the delivery of up to 1,000 lithium-ion batteries this year, each of which can store 33kWh. The largest installation – pending on a final investment decision – will be at…
Ofto bidding opens for Galloper and Walney Extension
by New Power • • Comments Off
Bidding has opened to own and operate the links connecting two offshore wind farms to the onshore network. The links to be tendered are for Galloper off the east coast of England and Walney Extension in the Irish Sea. Ofgem,…
Blackout Britain? ECIU says customers are paying millions to fix a problem that does not exist
by New Power • • Comments Off
The electricity supply market is working more efficiently, with demand-side balancing proving cheap and effective, and unjustified fears over supply/demand margins have led to customers’ money being spent unnecessarily. That was the conclusion of a report published today by the…
OPINION: Local authorities should join the battery gold rush
by New Power • • Comments Off
Mark Bramah of Municipia and Marc Wynn of Asset Utilities argue that local authorities should take the lead in developing electricity storage to develop a new income stream Councils undertake energy projects for different reasons: as a means of…
Winter resilience shows UK coal-phase-out is achievable, report finds
by New Power • • Comments Off
The government should not step back from plans to phase out coal-fired generation in the UK, as concerns that it will leave the country short of power are unfounded. That was among the conclusions of a new report from the…
CUSC code panel: nominations are open
by New Power • • 1 Comment
Industry members have until 17 March to put forward new nominations for the Connections and Use of System Code (CUSC) panel, the body that oversees changes to the way companies interact with – and are charged for using – the…
Intergen’s Mark Somerset: Capacity Market must deliver large plant this year
by New Power • • Comments Off
It the Capacity Market does not deliver large CCGT this year international investors could walk away, Intergen’s Mark Somerset warned New Power. In a wide ranging interview the independent generator’s vice president of development for the EMEA region said, “People look…
E.On blames policy costs for April tariff increase
by New Power • • Comments Off
E.On has blamed “increasing policy costs and other costs it doesn’t control”, for an average 8.8% increase in its standard variable tariff from Wednesday 26 April. It blamed the rise “in large part” on increases in “non-energy parts of the…