National Grid has announced it will stop tendering four frequency response and two short term operating reserve (STOR) products, aiming to reduce complexity and help new providers enter the market. The System Operator will bring Enhanced Frequency Response, Rapid Frequency…
News
Ørsted to sell 50% of world’s largest offshore wind farm
by Annabel Andrews • • Comments Off
Ørsted, formerly known as Dong Energy, has signed an agreement to sell 50% of the 659MW Walney Extension offshore wind farm project. The buyers will be a consortium consisting of two Danish pension funds. Each investor will obtain a 25%…
ENA seeks views on gas and electricity innovation
by New Power • • Comments Off
The Energy Networks Association has launched a consultation on its Gas Network Innovation Strategy. The strategy sets out the challenges and the opportunities facing the gas transmission and distribution networks as the UK looks to decarbonise its energy system. It…
EDF Energy Renewables to sell majority stake in five UK wind farms
by Annabel Andrews • • Comments Off
EDF Energy Renewables is selling a majority stake in five of its UK onshore wind farms to Greencoat UK Wind. EDF Energy Renewables will continue to own a 20% share in the wind farms and will continue to run the…
Industry expects data companies to beat utilities to use residential demand flexibility
by New Power • • Comments Off
Data businesses will be ahead of utilities in the rollout of residential demand management (RDM), which will allow users to participate in balancing supply and demand, according to a survey of industry professionals carried out by Green Energy Options (Geo),…
Centrica: business fears power failures – but does not make it a priority
by New Power • • Comments Off
Businesses underestimate the cost of electricity failures, according to Centrica Business Solutions. In a survey of UK and Irish businesses, senior energy decision-makers who had not experienced a serious energy failure predicted the cost to their business would be 7%…
BEIS Committee seeks views on the Draft Energy Price Cap Bill
by Annabel Andrews • • Comments Off
The Business, Energy and Industrial Strategy Committee has announced a call for evidence on the government’s Draft Energy Price Cap Bill. The BEIS Committee’s pre-legislative scrutiny will involve examining the objective, provisions, and likely impact of the legislation and the…
Industry reacts to Helm review
by New Power • • 2 Comments
Michael Grubb, Professor of International Energy and Climate Change Policy, UCL: “There is a lot to agree with here – and much to chew on. But it would help if Helm acknowledged that the dramatic technology cost reductions he highlights were largely…
Open Utility wins funding to develop local flexibility trading
by New Power • • Comments Off
Open Utility has won £412,500 in funding from the Department for Business, Energy and Industrial Strategy’s Energy Entrepreneurs Fund (EEF) to develop an online marketplace for local electricity flexibility trading. The marketplace will help distribution network operators (DNOs) play an active…
Three quarters of firms doubt this parliament can deliver infrastructure improvement
by Annabel Andrews • • Comments Off
A record number of firms are dissatisfied with the state of infrastructure in their region, according to the 2017 CBI/AECOM Infrastructure Survey. Nearly all (96%) of the 727 businesses surveyed see infrastructure as important to the government’s agenda, but only…