Ofgem has appointed Ovo Energy to take over Spark Energy’s 290,000 customer accounts. Ovo said, “Through the purchase of the operating company we can ensure that Spark Energy will continue to serve customers through its existing team, with minimal disruption…

Read more →

Crown Estate Scotland has signed its first ever lease option to Pale Blue Dot for carbon dioxide (CO2) storage. Pale Blue Dot’s Acorn CCS project will use existing oil and gas assets on the Aberdeenshire coast to deliver large scale,…

Read more →

Pivot Power is to install a 2MW/2.5MWh battery at Arsenal’s Emirates stadium funded with investment from Downing LLP, and operate it for 15 years. A further 1MW/1.2MWh of storage to be added in summer 2019. The battery can store enough…

Read more →

Spark Energy has  gone out of business. Its 290,000 customers will now be entering Ofgem’s ‘supplier of last resort’ process, and Ovo Energy told the BBC that it had put forward proposals to Ofgem to acquire the business. The company follows Extra Energy, Future Energy,…

Read more →

Suppliers have fallen short on payments to two renewables support schemes, prompting Ofgem to take enforcement action and potentially raising bills for other suppliers. The regulator said that after late payments there was a shortfall of £58.6 million in Renewables…

Read more →

New investment company Seeit (SDCL Energy Efficiency Income Trust) has announced plans to float, to raise £150 million to invest exclusively in the energy efficiency sector, which it describes as a “rapidly growing segment of the infrastructure market”. The funds will be managed by Sustainable Development Capital, which…

Read more →

Ofgem has activated ‘supplier of last resort’ measures as Extra Energy ceases trading. The company has around 108,000 domestic accounts and 21,000 business customers. Gillian Guy, Chief Executive of Citizens Advice, said: “Today’s news and other recent supplier failures again highlight…

Read more →

BayWa r.e. has acquired the consented Tralorg wind farm from Brookfield Renewable Partners. The wind farm,  in South Ayrshire, Scotland, secured planning permission in 2014. Once installed, the wind farm will have a capacity of 18.8MW comprising  eight 2.35 MW…

Read more →

Britain risks creating a two-tier energy system, where some regions benefit from the latest technology, and others are left behind with the higher costs, environmental and health problems that come from burning legacy fossil fuels, according to a new report…

Read more →

Generators will lose around three months of revenue in 2018 – around £100 million – due to the loss of Capacity Market payments over the coming winter, according to ratings agency Moody’s. If the scheme is not successfully reinstated or…

Read more →