Business customers should be able to switch and choose a supplier for their water from today. Eligible businesses, charities and public sector companies can choose to have one retailer for their water supply and another for wastewater services, or one…
News
Government publishes regulations to exempt energy intensive industries from CfD costs
by Annabel Andrews • • Comments Off
Regulations to save energy intensive industries around £100 million a year in energy costs have been laid in parliament today. The government expects the new measures to benefit over 130 eligible energy intensive companies across the UK in sectors including…
Offshore wind could contribute £2.9bn to UK economy by 2030
by Annabel Andrews • • Comments Off
The offshore wind industry could be worth as much as £2.9bn to the UK economy by 2030, according to a new report published by the Offshore Renewable Energy (ORE) Catapult. The economic Value of Offshore Wind: Benefits to the UK of…
Scottish Power signs up Actavo to deliver smart meters in the midlands
by New Power • • Comments Off
ScottishPower has signed up Actavo to help deliver almost a million additional smart meters across the Midlands over five years. Actavo will provide a full turnkey offering, to promote, generate and schedule appointments, manage and install smart meters. It will…
CMA rules out in-depth market investigation into price comparison websites
by Annabel Andrews • • Comments Off
The Competition and Markets Authority (CMA) has said will not escalate its study into digital comparison tools into a more in-depth market investigation. The competition authority said in an update that the remaining options are sufficient to remedy any issues that may be…
Inquiry announced as NDA’s decomissioning contracts collapse and it faces £12.5 million penalty
by New Power • • Comments Off
The Nuclear Decommissioning Authority (NDA) is to pay out £12.5 million to settle a dispute over how it awarded a £6.1 billion contract to decommission 12 closed nuclear power stations and separately terminate the contract awarded nearly a decade early.…
Profits up at Good Energy, fuelled by business and FiT customers
by Annabel Andrews • • Comments Off
Increased business volumes and FIT growth have helped Good Energy achieve a 39 per cent increase in earnings before interest, tax, depreciaton and amortisation (EBITDA). Announcing its unaudited annual results for the year ending 31 December 2016, the renewable energy…
Gwynt y Mor Ofto told: no paperwork, no ‘exceptional event’
by New Power • • Comments Off
Gwynt y Mor OFTO, the company that owns and operates the link connecting the offshore wind farm to the GB network, has failed to convince regulator Ofgem that it should get revenue payments for a period while the link was…
Renewables Obligation generators contributed 23.4% of total UK electricity in 2015-16
by Annabel Andrews • • Comments Off
Power stations accredited under the Renewables Obligation generated 69.1TWh of electricity in 2015-16, according to the Ofgem E-Serve Renewables Obligation (RO) Annual Report for 2015-16. This was equivalent to 23.4% of the total electricity supplied to the UK of 295.8TWh. Combined…
Should energy prices be regulated? More comment
by New Power • • Comments Off
The debate over whether domestic energy should be subject to price controls has expanded. Former regulator Professor Stephen Littlechild joined other ex-regulators in a letter to the Telegraph that said, “Retail energy price controls would have an adverse effect on…