Fourteen major renewable energy companies have written a joint letter to Greg Clark, secretary of state at the Department for Business, Energy and Industrial Strategy, asking him to give onshore wind an opportunity to take part in Contracts for Difference auctions. Developers ScottishPower Renewables, SSE,…
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National Grid Gas signals new products to improve system operability
by New Power • • Comments Off
National Grid Gas (NGG) has said it will consider introducing new products – and being stricter on users – to manage growing operability issues. NGG has to meet strict pressure limits on the National Transmission System and that is now…
UKPN to trial Faraday Grid self-balancing network
by New Power • • Comments Off
Faraday Grid is to partner with UK Power Networks to trial its autonomous, self-balancing network, which can be installed within an existing electricity grid. Comprising a network of independent Faraday Exchangers, it is designed to automatically smooth the intermittency and…
Comment by 26 October: how should the new Electricity System Operator be funded and incentivised?
by New Power • • Comments Off
National Grid’s Electricity System Operator (ESO) is seeking comment on its funding model for the future. The ESO is being spun out of National Grid and will have a separate regulatory framework. Unlike the remaining pipes and wires business, the…
EDF Energy to offer DSR income to business customers
by Annabel Andrews • • Comments Off
EDF Energy has paved the way for its business customers to access additional revenue streams traditionally associated with generators and large suppliers, after signing a deal with Upside Energy. Through the partnership, Upside Energy’s cloud-based platform will be used alongside EDF…
Eurelectric reiterates warning over ‘no deal’ for energy sector
by New Power • • Comments Off
The head of Eurelectric, the lobby group for electricity utilities in Europe, has called on the UK and EU to reach a deal on Brexit to avoid rising power prices, security of supply issues, and disruption to global energy trades.…
Drax acquires 2.5GW of generation from Scottish Power
by New Power • • Comments Off
Drax has acquired 2566MW of power generation and storage assets from Scottish Power parent Iberdrola, saying the assets represent a growing system support opportunity. It expects the bulk of income from the plant to come from non-commodity sources. Scottish Power said “We have…
GoCompare offers auto-switch option ‘Weflip’
by New Power • • Comments Off
Switching site GoCompare has launched its own auto-switching product, called ‘Weflip’, joining a handful of specialist companies. Customers can sign up to from today, Monday 15 October. The new service is powered by Energylinx, a GoCompare Group company that operates an…
Ofgem promises clarity on ‘market making’ future before cash-out price change
by New Power • • Comments Off
Ofgem has promised to provide clarity by November on whether it will maintain electricity trading arrangements that require large players to act as ‘market makers’ at two periods during the day. The market-making requirements was introduced as part of Ofgem’s…
Vitol fined over market manipulation: ACER warns budget cuts may leave future abuses undetected
by New Power • • Comments Off
France’s Energy Regulatory Commission (CRE) has fined Vitol €5 million for engaging in market manipulation in the gas market. But the EU’s Agency for the Cooperation of Energy Regulators (ACER) warned that unless its market monitoring resources are maintained similar abuses…