The Competition and Markets Authority (CMA) has said it plans to halt closer co-operation between two commodity exchanges, Intercontinental Exchange (ICE) and Trayport. The CMA has already put the brakes on a merger of the two exchanges, saying it would…
News
Firms win Queen’s Awards for innovation in energy sector
by Annabel Andrews • • Comments Off
An emissions-reduction firm and an energy monitor company are among the businesses celebrating receiving a Queen’s Award for innovation. Winchester-based RJM International won an award for innovation in the design and manufacture of Ultra-Low NOx Burners for thermal-fired combustion plant.…
Energy efficiency must be an industrial strategy priority, say engineering institutions
by Annabel Andrews • • Comments Off
Improving energy efficiency and resource productivity must be a priority in the government’s new industrial strategy, particularly in buildings and energy networks, according to a new report published today that summarises the engineering profession’s response to the government’s industrial strategy…
Macquarie-led consortium buys Green Investment Bank for £2.3bn
by Annabel Andrews • • Comments Off
The government has agreed to see the UK Green Investment Bank plc (GIB) to a consortium led by Macquarie, comprising Macquarie Group Limited (Macquarie), Macquarie European Infrastructure Fund 5 (MEIF5) and Universities Superannuation Scheme (USS) Climate change and industry minister Nick Hurd said…
Is the Secure and Promote liquidity fix fit for purpose?
by Annabel Andrews • • Comments Off
Ofgem is reviewing the Secure and Promote licence condition, starting with a workshop on 2 May. In 2014, the regulator brought in the Secure and Promote Licence Condition, to try to address concerns about the lack of liquidity in the GB…
Network operators seek freedom to invest in and manage energy storage
by New Power • • Comments Off
Energy network operators should be allowed to own and operate batteries and other energy storage, the Energy Networks Association (ENA) has said in a response to the government’s consultation on an industrial strategy. Energy networks are currently barred from commercial…
Ofgem raises concerns over Scottish heat networks proposals
by Annabel Andrews • • Comments Off
Ofgem has responded to the Scottish government’s Consultation on Heat and Energy Efficiency Strategies, and Regulation of District Heating with suggestions on how to regulate the district heat sector. In the letter, Martin Crouch, Ofgem’s senior partner for improving regulation, said: “Any regulatory…
Allow onshore wind to compete for CfDs to cut costs, say Baringa Partners
by Annabel Andrews • • Comments Off
A study has found that the UK could deliver 1GW of new onshore wind capacity at no additional cost to consumers over and above the long-term wholesale price of power, according to a new study from Baringa Partners. However, this depends…
CCS research centre gets £7.6m funding boost
by Annabel Andrews • • Comments Off
The UK CCS Research Centre (UKCCSRC) has today been awared £7.6 million funding to extend its work for a further five years. The UKCCSRC has been awarded £6.1M by the Engineering and Physical Sciences Research Council (EPSRC) to continue its…
New funding announced for low carbon and autonomous vehicles
by New Power • • Comments Off
Seven low carbon vehicle projects are set to share £62 million in funding from the Advanced Propulsion Centre (APC), the joint industry-government programme to put the UK at the forefront of low carbon vehicle technology. The projects are led by…