A test well at a site near Hull has revealed what could be the UK’s largest onshore gas field. The site at West Newton was thought to contain 189bn cubic feet of gas, worth £947million at today’s prices. The previous…
Flash update
ACT NOW: Nemo Link consults on no-deal Brexit trading rules
by New Power • • 0 Comments
A consultation on trading arrangements on the new Nemo interconnector with Belgium closes on Friday 14 June. The rules governing trade on Nemo Link in the event of a hard Brexit were approved by the regulators in February. However, the company said, those…
E.On has to withdraw ’70-year history’ advert
by New Power • • 0 Comments
The Advertsising Standards Authority has told E.On that it has to withdraw regional press advertisements comparing itself to energy companies going out of business. The company said it was “70 years old and still going strong” but a complainant said that…
CfD registrations open
by New Power • • 0 Comments
The registration process for the Contracts for Difference Third Allocation Round has now opened, the EMR Delivery Body has announced. The registration is in preparation for the upcoming auction round which is due to open by May 2019. The EMR…
Capacity Market T-1 auction set for June
by New Power • • 0 Comments
A Capacity Market Auction will be held on 11-12 June for delivery year 2019/20, BEIS has announced. Prequalified companies who do not wish to take part have to notify the EMR Delivery Body over the next two weeks.that they will withdraw.…
Brexit updates
by New Power • • 1 Comment
BEIS has put forward further updates on the possibility of a ‘no-deal’ Brexit in response to an earlier stakeholder engagement meeting. Among them: Remit: Registered market participants (MPs), will not need to take any action to trade in GB, as…
Tender by 30 January: BEIS seeks technical experts for Capacity Market panel
by New Power • • 0 Comments
BEIS is looking for five technical experts to serve a three-year term on the panel that advises on technical aspects of the Capacity Market. Contracts start in February and tenders close on 30 January. The Panel’s role is to provide assurance that the analysis provided…
Apply by 18 February: UKPN’s £300k community energy fund offers grants to tackle fuel poverty
by New Power • • 0 Comments
Not-for-profit organisations and community groups in UK Power Network’s region can apply for grants of £2,000 to £20,000 for initiatives that combat fuel poverty, improve the energy efficiency of community spaces or support people in vulnerable circumstances. The deadline for applications is 18:00…
Capacity Market BSC modification to be treated as ‘urgent’
by New Power • • 0 Comments
Ofgem has agreed that industry members can treat as ‘urgent’ proposals that would allow the industry to continue to collect Capacity Market payments and hold the cash for distribution if and when the Capacity Market receives State Aid clearance from…
Gas Industry Awards – nominate now
by New Power • • 0 Comments
Nominations are open for the Gas Industry Awards, organised by IGEM and the Energy & Utilities Alliance. The awards will be announced at the annual lunch on 15 May in London. Nominations must be submitted before 1 March in the following categories:…