The BSC (Balancing and Settlement Code) panel has recommended that Ofgem approve a modification that would allow Capacity Market levies to be collected from suppliers, and held I escrow until the future of the CM becomes clear. The regulator has…
News
Ofgem wants more evidence on real-time electricity pricing to plan move to half-hourly settlement
by New Power • • Comments Off
Ofgem wants more information about how consumers might react to the option of using real-time energy pricing, to build its business case for moving to half-hourly settlement for all customers and decide when and how to make the change. Wholesale…
Networks to standardise paperwork for electric vehicle and heat pump installers
by New Power • • Comments Off
Network operators have launched new reforms that will cut the paperwork required for connecting electric vehicles (EVs) and heat pumps to the grid. Recent National Grid projections show that the number of EVs on our roads could reach up to…
Blackrock sells wind and solar projects to Equitix
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BlackRock has sold five operating wind farms and one operating solar project to Equitix Investment Management. All began commercial operations between 2010 and 2015. BlackRock said it had brought the projects through construction and early stage development and optimised the group’s debt…
Lords: urgent need for infrastructure bank to plug gap in funding, as Brexit splits UK from EIB
by New Power • • Comments Off
Peers have called on the government to move quickly to plug gaps in investment in UK infrastructure, including key energy projects, as a result of Brexit. Lending from major European institutions has plummeted since the referendum and article 50 was…
Utilita picks up Our Power’s domestic customers
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Ofgem has appointed Utilita Energy to take on Our Power’s 31,000 domestic customers under its ‘supplier of last resort’ process after the Scottish energy company ceased trading. Ofgem said Utilita was chosen after a competitive process. The regulator said that in…
Haven Power and GridBeyond announce partnership
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Supplier Haven Power and demand side flexibility provider GridBeyond have announced a new partnership aimed at helping business customers trade the power they produce and participate in demand side response. Haven Power supplies renewable energy as standard to its customer base. GridBeyond’s platform powered…
Tougher regulatory settlement may signal downgrade for SGN
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Ratings agency Moody’s has warned it may downgrade Scotia Gas Networks’ (SGN’s) gas networks in the south of England and Scotland, after Ofgem said it would take a less generous approach in the five years from 2021. Southern Gas Networks plc…
National Grid awards £300M of contracts for Hinkley Point C connection
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Three contracts together worth £300 million have been awarded by National Grid to supply major works for the Hinkley Seabank connection, a new transmission line needed to export power from Hinkley Point C. The new 400kV connection will comprise 48.5km of overhead line and…
Nemo link with Belgium starts day-ahead trading tomorrow
by New Power • • Comments Off
National Grid’s NEMO link will go into commercial operation on 31 January, and day-ahead trading on the 1000MW interconnector with Belgium will begin tomorrow, 30 January. But some products the market requested for the new Interconnector, notably trades for within-day…