Online bank Monzo has added an energy switching service to its app – although the switching options are currently limited to Ovo Energy and Octopus Energy. Users can enter information about their home to get quotes, then choose a tariff and…

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Solarplicity has been issued with a provisional order by Ofgem to pay outstanding money owed to customers with domestic generation who are eligible for Feed-in Tariff (FIT) payments. Ofgem said it understands that Solarplicity failed to pay a number of FIT…

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Octopus Energy Investments has completed a £344 million refinancing of its UK onshore wind portfolio. The portfolio, which Octopus acquired on behalf of its investors in a series of transactions between 2015 to 2017, includes seven sites across England and…

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Siemens is to spin off its gas and power interests in a new company to be given “complete independence and entrepreneurial freedom”. The new company will comprise Siemens’ current oil and gas, conventional power generation, power transmission and related services businesses. It will…

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The UK government is consulting, along with the devolved administrations, on a new UK carbon pricing scheme that would be employed in the event the UK could not take part in the EU’s Emissions Trading Scheme (EU ETS) after Brexit.…

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Industry members have just ten working days to respond to a draft report on the future charging regime for balancing services. Regulator Ofgem decided to launch a Balancing Services Charges Task Force in November with the aim of providing analysis…

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Ofgem has opened its strategic review of the microbusiness market. As New Power reported on 3 April, Ofgem will launch a strategic review of consumer protection for microbusinesses. The launch document is here. The review was welcomed by Gillian Guy, chief executive of…

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Power exchange Epex Spot has headed off an investigation by regulator Ofgem by agreeing to help set up another power exchange for companies trading power across interconnectors between the GB and Irish/Northern Irish markets. Ofgem warned in November that it…

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Now is the right time to set a ‘net-zero’ greenhouse gas emissions target, says the Committee on Climate Change in its new report. It wants to set a 2050 target for the UK overall, with a  target for Scotland to…

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Industry body Elexon has put forward proposals to reduce the number of codes in the nergy sector. Elexon manages the electricity Balancing and Settlement Code (BSC), which is one of 11 codes, or sets of rules, that across the energy…

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