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…
News
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…
New Citizens Advice tool rates energy companies on customer service
by Annabel Andrews • • Comments Off
Citizens Advice has launched a new online tool so that customers can quickly and easily see how the 18 biggest energy suppliers compare at customer service. Recent research by Citizens Advice found that, while price was the biggest factor when…
European Commission clears General Electric takeover of LM Wind Power
by Annabel Andrews • • Comments Off
The European Commission has approved unconditionally the acquisition of LM Wind Power of Denmark, by General Electric Company of the US. The Commission concluded that the merged entity would continue to face effective competition in Europe. General Electric produces onshore and…
Neart na Gaoithe retains CfD after arbitration ruling
by New Power • • Comments Off
A Contract for Difference for the 450MW Neart na Gaoithe (NnG) ofshore wind farm remains in place, owner Mainstream Renewable Power has said. The CfD counterparty, the Low carbon Contracts Company (LCCC) and NnG had submitted a dispute relating to…
BEIS Committee to investigate electric vehicle market
by Annabel Andrews • • Comments Off
The Business, Energy and Industrial Strategy (BEIS) Committee is to look at the role of electric vehicles in the transition to a low carbon economy and as part of the government’s recently published industrial strategy. In a new short inquiry, the…
Low carbon policies have reduced emissions without increasing household energy bills, says Committee on Climate Change
by Annabel Andrews • • Comments Off
The cost of action to tackle climate change and improve energy efficiency has been offset by reductions in household energy bills since the Climate Change Act was passed, according to new analysis by the Committee on Climate Change (CCC). While…
Isles of Scilly project to test use of EV and home batteries in smart grids
by Annabel Andrews • • Comments Off
A £10.8m project on the Isles of Scilly is to test the role of electric vehicles and home batteries in a low-carbon smart grid. The smart battery company Moixa will develop platforms allowing electric vehicles and smart home batteries to be…