UPDATE: the Capacity Market notice below, announced at 14.33, was cancelled at 15.05. NGESO has published a Capacity Market notice for 7pm this evening – a signal to the market that more power is required to maintain supply margins over…
Author Archive for New Power
CHP2 sees electrolyser order cancelled after manufacturing issues
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Octopus Hydrogen cancelled an order for a Membrane-Free Electrolyser from CPH2 and will use an an alternative electrolyser solution at its first site, which is expected to go live in the coming weeks, after CHP2 experienced manufacturing problems with its…
Severn Trent power costs rise by 75% despite self generation
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Power costs at water company Severn Trent increased by 75% year on year in the six months to 30 September, it said in a trading statement today (22 November). But the company said the cost increase was “much less than…
Budget 2022: the industry responds
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Frank Elsworth, head of UK onshore development, Vattenfall: “The Russian invasion of Ukraine has put pressure on energy markets across the world and we recognise that we have a role to play to help deal with the economic problems the…
NTR acquires second solar farm from RPM
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NTR Plc has acquired the Medebridge solar farm project. The 70MWp project in Essex is ready to build, with planning consent, grid connection and land agreements and it was acquired from REG Power Management and other shareholders. It is expected…
Review: The Green Start-Up
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Juliet Davenport compares launching a company with jumping off a cliff, in ‘The Green Start-Up’, her new book for green entrepreneurs. She has drawn on her experience launching Good Energy in 1999 and working with other companies since then, in…
Ofgem warns suppliers over ‘unacceptable’ remote switches to pre-payment
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Ofgem director of retail Neil Lawrence has written to energy suppliers to warn them over reports that customers had been remotely switched to pre-payment mode. Lawrence said “The cases shared are so concerning, and placed consumers at such risk, that…
FIT customers repaid £800,000 in unwarranted admin fees
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Feed In Tariff customers who were wrongly charged fees by two companies are to be refunded. Good Energy is to refund over £453,000 to customers whose Feed-In Tariff (FIT) it administers and pay them compensation of £200,000. The customers, who…
PAC says Ofgem is not fit for the future as customers’ bill for failing retail market set to rise from £2.7B
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“Ofgem’s failure to effectively regulate the energy supplier market has cost households an estimated £2.7 billion – £94 per household – and the cost will increase when the future of Bulb is settled, according to the Public Accounts Committee (PAC).…
ECIU calls for budget measures to boost home insulation and cut gas imports
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Insulating the UK’s least energy efficient homes before 2030 could cut gas use by 384TWh for the following five years – three times the amount of gas (118TWh) that could be produced from newly approved North Sea fields over the…