Tim Emrich, chief executive, UK Power Reserve, said: “Smart, flexible energy is the future of the UK electricity market, with fast-ramping technologies such as small-scale gas engines and battery storage close to centres of demand. We at UK Power Reserve have…
News
Onshore wind generation could be cheapest new energy if included in CfD mechanism, says Arup
by Annabel Andrews • • 0 Comments
New research by Arup for ScottishPower Renewables suggests that onshore wind to become the lowest-cost form of new energy generated in the UK if it were included in the existing Contract for Difference (CfD) mechanism. The report, Established Low Carbon Electricity…
Government’s EV targets too cautious, says Baringa Partners
by Annabel Andrews • • 0 Comments
Nearly 1 in 5 people said they would consider an electric car for their next vehicle, but government needs to work harder to remove barriers and ensure continued support for the industry, says business and technology consultancy Baringa Partners. Electric vehicle uptake…
RSPB Scotland denied appeal over offshore wind farm
by New Power • • 0 Comments
Work is expected to start next year on a major offshore wind farm in the Firth of Forth, after RSPB Scotland was denied permission to appeal an earlier go-ahead. Developer Mainstream Renewable Power welcomed a decision by the Court of…
Drax reveals £83m pre-tax loss for first half of 2017
by Annabel Andrews • • 0 Comments
Drax Group Plc has blamed currency hedging and depreciation of its coal generation assets for the firm’s £83m pre-tax loss, announced in its results for the six months ending 30 June 2017. Cheif executive Dorothy Thompson said: “Delivering reliable renewable electricity…
Using EPC in mortgage calculators could allow buyers to borrow thousands extra cash, report says
by Annabel Andrews • • 0 Comments
Many homebuyers would be able to take out a larger mortgage if the property’s energy performance rating was factored into the lending criteria of mortgage providers, according to new research. The LENDERS project has mapped how the energy performance rating…
UK Power Networks sets out its strategy for transformation into DSO
by Annabel Andrews • • 0 Comments
UK Power Networks has launched a strategy consultation paper outlining its vision for the future of its network, which delivers electricity to London, the East and South East. The paper sets out how the company will transform from being a…
Government opens £20m innovation fund for vehicle-to-grid technologies
by Annabel Andrews • • 0 Comments
Up to £20 million is available from the Department for Business, Energy & Industrial Strategy – working with the Office for Low Emission Vehicles and Innovate UK – to fund projects that investigate new business models, consumer awareness and technologies…
Citizens Advice criticises Ofgem over “unjustified” energy network profits
by Annabel Andrews • • 0 Comments
Citizens Advice has said energy network companies should return £7.5bn “unjustified profit” to consumers. The charity has published new research which estimates that key decisions made by the energy regulator Ofgem are allowing energy network companies to make billions in…
Foresight opens smart meter investment fund
by New Power • • 0 Comments
Foresight Group is launching a Smart Bonds Fund to invest in the UK roll-out of smart meters. The funds raised will generate returns by lending to companies that own, operate and rent installed smart meters to UK energy suppliers. Investors…