The Competition and Markets Authority (CMA) has set out plans for a stronger role for Ofgem in scrutinising government policy and driving through industry change, saying that systemic problems with industry governance have caused “very substantial” detriment for customers. The…
News
Amber Rudd announces £1.5 million funding for local heat networks
by Annabel Andrews • • 0 Comments
The government will provide a total of £1.5 million funding for 27 heating projects across 24 local authorities in England and Wales, energy secretary Amber Rudd announced this week. The department of energy and climate change (Decc) claims heating networks…
Scottish islands could gain £725 million from renewables projects
by Annabel Andrews • • 0 Comments
Scotland’s island economies could benefit from up to £725 million over the next 25 years from renewables projects according to an independent published today. The Western Isles, Orkney and Shetland have the potential to supply up to 5 per cent of total…
RWE restructuring hits Npower; company warns of further decline in 2016
by New Power • • 0 Comments
Npower parent RWE is ramping up plans to restructure and streamline its conventional power generation and UK supply businesses. In a move expected to cause 2,500 job losses in UK supply, the company has stepped up a planned €2 billion…
Ofgem queries whether DNOs are doing enough to connect more generators
by Annabel Andrews • • 0 Comments
Ofgem has asked generators and stakeholders whether DNOs are being proactive enough on tackling the queue for connections. In a letter to all connection stakeholders, Ofgem asked how effective each DNO has been at engaging with customers and in developing…
Crowdfunding renewables: portable solar (storage included)
by New Power • • 0 Comments
Renovagen has launched its second equity crowdfunding campaign on Crowdcube. The company wants up to £1 million to fund its “Roll-Array” flexible, rollable, transportable solar farm units. The units include energy storage. The company says its technology rolls out “18kW…
UK companies missing out on business benefits of renewable power
by Annabel Andrews • • 0 Comments
Many UK companies want to support renewable electricity, but are confused by a “bewildering variety of costs and schemes which made it hard to be sure of the carbon content of what they were buying”, according to a report from Smartest…
MPs: energy policy shifts have hit investor confidence and will raise consumer costs
by New Power • • 0 Comments
MPs: energy policy shifts have hit investor confidence and will raise consumer costs
Reduce stamp duty for energy efficient houses, says think tank
by Annabel Andrews • • 0 Comments
The government should encourage home buyers to purchase energy efficient homes by reducing stamp duty for homes with a high efficiency rating, according to a new Policy Exchange report published today. Lenders should also provide energy efficiency mortgages, the think…
Winning £2 billion benefit of storage ‘requires joint action on market frameworks’
by New Power • • 0 Comments
Effective use of storage could reduce the costs of managing a highly variable electricity system by £2.4 billion per year by 2030, a new report has concluded. But to use storage most efficiently the interests of a wide variety of…