The Department for Business, Energy and Industrial Strategy (BEIS) has awarded a £2.9 million contract to Amec Foster Wheeler to lead a UK Digital Reactor Design nuclear power research programme. The company will set up and run a partnership that will…
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Ofgem asks: Does mandatory market making work?
by Annabel Andrews • • Comments Off
Ofgem has asked for feedback on whether its market-making windows are working, as part of its review of the Secure and Promote liquidity fix. In 2014, the regulator brought in the Secure and Promote Licence Condition, to try to address…
Up to £1m co-funding available for industrial energy efficiency projects
by Annabel Andrews • • Comments Off
The government has launched a new £9.2m accelerator fund for innovative energy efficiency projects helping UK industry. The Industrial Energy Efficiency Accelerator (IEEA) is funded by the Energy Innovation Programme, led by BEIS, and will be delivered over the next…
REACTION: Industry responds to smart energy strategy from BEIS
by Annabel Andrews • • Comments Off
Tim Emrich, chief executive, UK Power Reserve, said: “Smart, flexible energy is the future of the UK electricity market, with fast-ramping technologies such as small-scale gas engines and battery storage close to centres of demand. We at UK Power Reserve have…
Onshore wind generation could be cheapest new energy if included in CfD mechanism, says Arup
by Annabel Andrews • • 1 Comment
New research by Arup for ScottishPower Renewables suggests that onshore wind to become the lowest-cost form of new energy generated in the UK if it were included in the existing Contract for Difference (CfD) mechanism. The report, Established Low Carbon Electricity…
Government’s EV targets too cautious, says Baringa Partners
by Annabel Andrews • • Comments Off
Nearly 1 in 5 people said they would consider an electric car for their next vehicle, but government needs to work harder to remove barriers and ensure continued support for the industry, says business and technology consultancy Baringa Partners. Electric vehicle uptake…
RSPB Scotland denied appeal over offshore wind farm
by New Power • • Comments Off
Work is expected to start next year on a major offshore wind farm in the Firth of Forth, after RSPB Scotland was denied permission to appeal an earlier go-ahead. Developer Mainstream Renewable Power welcomed a decision by the Court of…
Drax reveals £83m pre-tax loss for first half of 2017
by Annabel Andrews • • Comments Off
Drax Group Plc has blamed currency hedging and depreciation of its coal generation assets for the firm’s £83m pre-tax loss, announced in its results for the six months ending 30 June 2017. Cheif executive Dorothy Thompson said: “Delivering reliable renewable electricity…
Using EPC in mortgage calculators could allow buyers to borrow thousands extra cash, report says
by Annabel Andrews • • Comments Off
Many homebuyers would be able to take out a larger mortgage if the property’s energy performance rating was factored into the lending criteria of mortgage providers, according to new research. The LENDERS project has mapped how the energy performance rating…
UK Power Networks sets out its strategy for transformation into DSO
by Annabel Andrews • • Comments Off
UK Power Networks has launched a strategy consultation paper outlining its vision for the future of its network, which delivers electricity to London, the East and South East. The paper sets out how the company will transform from being a…