Falling temperatures, rising prices and increased volatility could combine this week to test energy suppliers’ hedging arrangements. The Met Office has issued yellow weather warnings for the remainder of the week, with snow and high winds expected to affect most…
Author Archive for New Power
Mendip Green Party offers one-off payment for customers switching out of nuclear
by New Power • • Comments Off
Mendip Green Party is offering a one-off payment for customers switching from any supplier using nuclear energy to Ecotricity or Good Energy. It has promised £20 to customers who switch a single fuel and £40 for a dual-fuel switch. The…
National Grid prepares to manage 3-5GW of excess inflexible power in the summer of 2017
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National Grid expects to have to manage excess generation of 3-5GW during the summer of 2017 and has announced plans to procure more so-called ‘footroom’ services to soak up the power overspill. Services will include a major expansion of ‘Demand…
The Internet of Things: utilities warned they may lose the customer relationship
by New Power • • 1 Comment
The Internet of Things is coming and it could see traditional energy utilities’ business slip away. That was the message from a survey on the IoT published in the January issue of New Power Report. Utilities have to act now…
OPINION: Renewable energy offers a Brexit lifeline to farmers
by New Power • • 1 Comment
David Clubb, director of RenewableUK Cymru, argues that rural communities unsure about how Brexit will affect subsidies should not discount the opportunities for energy projects The farming community is no stranger to change, but the coming years will test the…
FSB wants energy industry supply chain opened to small businesses as it reveals 12% are self-generators
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Small businesses in the UK are concerned about energy security and believe the UK should be more self-sufficient, according to a new report from the Federation of Small Businesses (FSB). But they are optimistic about the role of renewable energy…
Challenger supplier Green Energy UK offers ‘time of day’ tariff
by New Power • • 2 Comments
Green Energy UK has launched a variable tariff for residential electricity customers, claiming it will give customers more control over their energy bills. The new tariff is called TIDE. Doug Stewart, Green Energy UK’s chief executive, said: “The introduction of…
Trafford CCGT fails to meet Capacity Market milestone, gives up agreement
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The Trafford power project has failed to meet its Financial Commitment Milestone for receiving a Capacity Market contract, developer Carlton Power has informed the Department of Business, Energy & Industrial Strategy (BEIS) and has given up its agreement. The company…
Drax passes State Aid test for third biomass conversion
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The European Commission has concluded that UK support for the conversion of a unit at the Drax power station, so it uses wood fuel instead of coal, complies with EU State Aid rules. The 645MW capacity unit will be the…
UKERC: We need engagement and action on emissions
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UK Energy Research Centre director, Jim Watson, calls on the government to act immediately An important priority for the Department of Business, Energy and Industrial Strategy (BEIS) is the new Emissions Reduction Plan (ERP). The plan is required under…