Ofgem has activated ‘supplier of last resort’ measures as Extra Energy ceases trading. The company has around 108,000 domestic accounts and 21,000 business customers. Gillian Guy, Chief Executive of Citizens Advice, said: “Today’s news and other recent supplier failures again highlight…
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BayWare acquires Tralorg wind farm
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BayWa r.e. has acquired the consented Tralorg wind farm from Brookfield Renewable Partners. The wind farm, in South Ayrshire, Scotland, secured planning permission in 2014. Once installed, the wind farm will have a capacity of 18.8MW comprising eight 2.35 MW…
Research reveals regional disparities in energy revolution
by Annabel Andrews • • Comments Off
Britain risks creating a two-tier energy system, where some regions benefit from the latest technology, and others are left behind with the higher costs, environmental and health problems that come from burning legacy fossil fuels, according to a new report…
Moody’s: generators lose £100M this winter – but retailers’ profit rises
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Generators will lose around three months of revenue in 2018 – around £100 million – due to the loss of Capacity Market payments over the coming winter, according to ratings agency Moody’s. If the scheme is not successfully reinstated or…
Npower survey finds most energy managers know little about DSR
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More than two thirds (69%) of energy managers are not aware of energy management strategies like demand side response (DSR), according to new research commissioned by npower Business Solutions. Npower said curbing energy use and reducing energy consumption to outside peak hours…
European court annuls State Aid clearance for GB Capacity Market
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The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market passes State Aid tests. The ruling follows a legal challenge submitted by demand response specialists Tempus Energy, which claimed the Capacity Market allows fossil fuels to…
Spark Energy in merger talks after missing £14.4M RO payment
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Energy supplier Spark Energy is in talks over a merger after it missed a Renewables Obligation payment of £14.4 million, due by 31 October. Chief executive Chris Gauld, who led a management buyout of the company in 2016, told the…
Lords seek reassurance from minister over post-Brexit energy and carbon prices
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Members of an influential parliamentary committee have raised fears over government’s planning for the energy industry after Brexit, raising fears that it could raise prices, damage carbon markets and damage the Single Electricity Market between Northern Ireland and the Republic…
Hornsea 1 deal dominates European power transactions in Q3 2018
by Annabel Andrews • • Comments Off
Across Europe, renewables represented 76% of M&A deal value (US$8.1b) and underpinned a weaker-than-expected quarter, with an overall 78% decline in deal value in Europe to US$10.1b. This figure was largely due to the $5.9b sale of 50% of the Hornsea 1…
New AD plant for Iona Capital
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Iona Capital has financed the construction and operations of a new 8.8MWt anaerobic digestion plant in Dumfries and Galloway, Scotland. The plant has pre-qualified under the Non-Domestic Renewable Heat Incentive (RHI). The principal feedstock will be waste slurries generated from local…