Ofgem wants to simplify the Capacity Market rules to widen participation, reduce costs and promote secondary trading. In a five-year review of the market, the regulator said it had provided security of supply, but was undermined by its complexity. Companies…
News
Pensions Infrastructure Platform acquires more wind assets
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Scottish Equity Partners (SEP) has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform (PiP) for an enterprise value of £50 million. The portfolio contains all five of the wind farm investments made by the Environmental Capital Fund (ECF), a specialist infrastructure…
Brexit extension leaves business ‘extremely uncertain’ over carbon costs
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The Brexit delay has left carbon emitters, including power generators, with uncertainty over multi-million pound emissions payments. The uncertainty arises because it is not clear whether UK companies will take part in the EU Emissions Trading Scheme (EU ETS) in future.…
Ripple Energy launches crowdfunding
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Ripple Energy is about to start crowdfunding to develop a platform that offers a new ownership model for renewables. It is using Seedrs to raise £750,000 for 23.21% of the company. Last month New Power editor Janet Wood spoke to Ripple’s…
Longannet demolition moves forward
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Parts of a structure at Longannet, Scotland’s last coal-fired power station, have been successfully demolished in a controlled explosion. The boiler annex east, close to the station’s chimney, was ‘blown down’ in calm conditions on Thursday by ScottishPower’s demolition contractor…
Capacity Market T-1 auction set for June
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A Capacity Market Auction will be held on 11-12 June for delivery year 2019/20, BEIS has announced. Prequalified companies who do not wish to take part have to notify the EMR Delivery Body over the next two weeks.that they will withdraw.…
Ofgem sets out tougher regime for energy suppliers
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Ofgem has promised new tests for companies who want enter the energy retail market, to be applied from June this year, and has promised to follow up with a more testing regime for existing suppliers. Ofgem said new applicants will…
Sembcorp wins consent for new CCGT
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Sembcorp has been granted development consent for a new gas-fired power station near Middlesbrough. The Tees CCPP combined cycle gas turbine (CCGT) will have a generating capacity of up to 1,700MW. It will be built on the site of the…
Avro must sign up to smart meter hub by 25 July, Ofgem says
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Ofgem has confirmed an order that supplier Avro must sign up to the smart meter data hub (DCC) by 25 July and stop taking on new customer accounts after 26 May until it signs up. Ofgem proposed the order in…
Bristol City Council gives go-ahead to low-carbon city plan
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Bristol City Council has decided to go ahead with its ambitious ‘City Leap’ programme and will be procuring a strategic partner to deliver the project in a joint venture. A council meeting on 2 April agreed seed funding for the…