E.On has said that it is now in ‘advanced negotiations’ over the sale of its remaining stake in Uniper to Finnish utility Fortum. Agreement may be reached this year, the company said. E.On currently owns 46.65 % of Uniper, the…
Flash update
New offshore wind arrays offer power post-2022 at £57.50/MWh
by New Power • • 1 Comment
Three offshore wind farms with a capacity totalling 3.2GW have won agreements in the government’s latest Contracts for Difference auction. The offshore wind prices – the largest wind farms as low as £57.5/MWh – undercut observers’ expectations. Predictions were mainly…
Volvo: no new car models without electric motors from 2019
by New Power • • 0 Comments
Volvo Cars has announced that every new car it launches from 2019 will have an electric motor. The company said this marks “the historic end of cars that only have an internal combustion engine and places electrification at the core…
E.On and Uniper trading separated ‘by the end of the year’
by New Power • • 0 Comments
E.On expects its new trading arm to begin trading by the end of the year independently from spin-off company Uniper, reports ICIS. Whereas Uniper is a global energy trading business, E.On will mainly source energy for its customers and sell…
EMR Delivery Body confirms CfD auction timetable
by New Power • • 0 Comments
The next Contract for Difference auction for new renewable energy projects will be after the General Election, the EMR Delivery Body has confirmed. Scenarios in which a window for submitting sealed bids could open before 8 June have fallen away,…
Flipper adds Google Home link to auto-switching service
by New Power • • 0 Comments
Auto-switching company Flipper has integrated Google Home into its switching service. The company claims to be the first to enable consumers to switch using Google’s voice-activated home assistant, which also gives users voice control of smart energy devices in the…
Industry code bodies – download our quick guide
by New Power • • 0 Comments
Download our quick guide to industry codes and code administrators: Code bodies – a summary Join the debate: Code adminstrators facing major industry change call on Ofgem for leadership For industry codes, form should follow function and the customer comes…
Sheringham Shoal OFTO misses out on £85k costs payment due to email error
by Annabel Andrews • • 0 Comments
Blue Transmission Sheringham Shoal , the company that owns and operates the link connecting the Sheringham Shoal offshore wind farm to the GB network, has missed out on a £85,420.08 contingent event adjustment (CEA), after its email to Ofgem failed to arrive…
NuGen delays Moorside development consent application
by New Power • • 0 Comments
NuGen, the joint venture company developing a new nuclear plant for construction at Moorside in Cumbria, is to delay application for a Development Consent Order for the project. The company had planned to make the application by the end of…
Neart na Gaoithe retains CfD after arbitration ruling
by New Power • • 0 Comments
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…