Rating agency Moody’s has dropped its credit rating for Wales and West Utilities, saying that it expected to see long term lower returns for the western gas network owner and operator. The cut follows similar action on SGN and is…
News
Scottish government offers £10M funding to bring forward tidal power
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The Scottish Government has invited applications to a £10 million fund dedicated to achieving commercial deployment of tidal energy generation in Scottish waters. The Saltire energy fund is looking for projects that: relate to the capital costs of developing a material/technical…
EU ETS carbon allowances: one month to early submission
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UK companies that have to take part in the EU Emissions Trading Scheme (EU ETS) have until 11 March to report on emissions in 2018 and until 15 March to surrender allowances for the year. The compressed deadlines – brought…
Zouk Capital is preferred bidder to manage EV investment fund
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Zouk Capital has entered exclusive negotiations with the government to manage the £400 million Charging Infrastructure Investment Fund (CIIF), one of a a package of measures aimed at helping to increase the uptake of electric vehicles. CIIF will match £200 million raised from…
Utility chiefs set out programme to make workforce more diverse
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Chief executives from 32 energy and utilities employers have launched a long-term commitment to attract more diverse and inclusive talent into the industry. The Energy & Utilities Skills Partnership, led by sector employers, recognised the gap in its Workforce Renewal…
North Wales DCOs: network delay request, nuclear application continues
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National Grid has proposed a slowdown in the process to gain a development consent order (DCO) for the North Wales Connection, a new transmission line prompted by the planned Wylfa Newydd nuclear reactor on Anglesey. The transmission owner has written…
Bristol Energy joins Energy Systems Catapult to offer ‘heat as a service’
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Bristol Energy has become the first energy supplier in the UK to trial selling ‘heat as a service’, offering households the chance to buy a tailored ‘Heat Plan’. The government-backed trial is being run by Energy Systems Catapult. Heat Plans provide consumers…
EDF Energy to close coal-fired station at Cottam
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EDF Energy has announced that generation will end at its 2000MW Cottam coal-fired station on 30 September. Its remaining coal-fired station, 2000MW West Burton A, has Capacity Market agreements in place for three of the four units util September 2021. EDF…
Price cap rises by £117: the industry responds
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From 1 April, the levels of the default tariff price cap will increase by £117 and pre-payment meter cap by £106 to reflect higher costs, Ofgem has announced. Of that increase, £74 is related to wholesale price increases, and £43 for networks and policy. The…
Industry groups call on secretary of state to step in over charging reforms
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Energy trade associations from the decentralised and decarbonised renewables sector have warned the government that Ofgem’s charging reforms are putting at risk a more flexible, low-carbon energy system. In a letter to secretary of state Greg Clark MP the ADE, Beama,…