Maximising flexibility could reduce the cost of managing a decarbonised electricity system by £5 billion per year, Policy Exchange says in a new report, Power 2.0. That figure has been estimated by Imperial College researchers, it says, but but under…
Author Archive for New Power
Project Nexus: June go-live ‘looks feasible’
by New Power • • Comments Off
Could Project Nexus finally have a reliable ‘go-live’ date? Plans to switch over to the new gas industry settlement system in June 2017 – delayed from April – “look feasible”, industry sources told New Power. Contingency plans could push that…
Expert Forum: government must take the lead on resilience. What’s your opinion?
by New Power • • Comments Off
One respondent to New Power’s latest Expert Forum survey, in which we asked about resilience issues, said: “Resilience issues for us are about data safety and communications. Very little else.” But few resilience risks can be considered in isolation. Who…
European utilities ‘ready to slash prices to get thermal and upstream assets off the books’
by New Power • • Comments Off
European utilities want to sell assets and the price they are prepared to sell for has fallen, according to a new report from EY. EY’s annual benchmarking report on European utilities’ asset impairments said, “power and utilities companies will ……
First Capacity Market notice posted
by New Power • • Comments Off
A Capacity Market Notice was issued on 31 October for the first time. The notice – which this year covers just a small amount of demand side response – was raised at 12.06pm for 4.30pm and at 6.53pm cancellation was…
Wylfa expects design approval in December 2017 after regulator clears ‘serious regulatory issue’
by New Power • • Comments Off
Generic Design Approval (GDA) for the nuclear reactor to be constructed at Wylfa is on track for December 2017, according to the Office for Nuclear Regulation (ONR), after developer Hitachi-GE provided answers to a ‘serious regulatory shortfall’. Of major concern…
Co-Operative Energy returns £1.8 million to poorly-served customers
by New Power • • Comments Off
Co-operative Energy has agreed to pay back £1.8 million to energy consumers, because it let customers down in its complaints resolution, call handling and billing processes, Ofgem says. Most of the money – £1.6 million – has already been paid…
Scottish Affairs committee accuses government of complacency
by New Power • • Comments Off
Pete Wishart, chair of the House of Commons Scottish Affairs Committee, has accused the government of complacency over the future of renewables in Scotland. As the government’s response to the committee’s report on renewable energy in Scotland was published, Wishart…
Mynydd y Gwynt developer fails to overturn refusal of consent
by New Power • • Comments Off
Renewable Energy Holdings has failed in its bid to overturn refusal of development consent for the Mynydd y Gwynt wind farm. Then Secretary of State Amber Rudd refused development consent for the 27-turbine project in November 2015. BDB planning lawyer…
Tidal Energy in administration
by New Power • • Comments Off
Tidal Energy Ltd has gone into administration. Administrators from Begbies Traynor were appointed on 17 October and told the BBC that “key staff have been retained” to continue TEL’s operations while a buyer is sought. Tidal Energy installed Wales’ first full-scale tidal…