Rating agency Moody’s has downgraded Gwynt y Mor OFTO PLC’s rating from A3 to Baa1, saying it has a continuing history of major cable faults, the cost of repairing and managing the faults is uncertain and the company will be drawing…
News
Production of key ‘rare earths’ set to increase in Europe as fears of China stranglehold drives search for new sources
by New Power •
Expanded production of so-called ‘rare earth’ elements will begin in March or April at Europe’s Silmet separation plant, Energy Fuels has announced. Such elements are needed for applications such as high-performance magnets used in renewable energy generation and electric vehicles,…
News
Coal falls to single unit in top-up Capacity Market auction that highlights growing pool of distributed generation
by New Power •
The ‘top up’ T-1 Capacity Market auction for next winter closed at £45. Consumers will pay to underwrite one 435MW coal-fired station – Uniper’s Ratcliffe 4 – and 6.12MW of diesel generation. But the largest contribution to the capacity contracted…
News
Gore Street will offer 90MW to Dynamic Containment market by 1 April, multiplying revenues with sub-second response
by New Power •
Energy storage owner Gore Street has announced that it is now participating in the National Grid’s new Dynamic Containment Service. Most of the group’s operational portfolio, which is ten operating battery assets in England and Wales totalling over 90MW, will be…
News
Ofgem agrees £10.7M redress from 18 suppliers who failed customers. Ovo, ScottishPower, Shell, British Gas all pay over £1M
by New Power •
Ofgem has warned that it will take enforcement action over suppliers who do not follow price protection rules, after it agreed redress totalling £10.7M with 18 suppliers who failed to meet required standard. They failed to meet rules which should…
News
Act now: ten days to respond to NGESO on frequency control options after 2019 blackout
by New Power •
Should a programme that is underwriting stability upgrades to distributed generation be extended for another year? The so-called Accelerated Loss of Mains Change Programme has already funded changes to hundreds of small power plants, which have had set-points changed so they…
Longread
Local power, local price?
by New Power •
In an article first published in the January 2018 issue of New Power Report, Janet Wood looked at how locally electricity should be priced. Three years on, and given NGESO’s need to manage rising constraint costs, is it time to…
News
Cheers: NESF picks up Camden PV sites holding 15-year PPA with world’s largest brewer
by New Power •
NextEnergy Solar Fund has acquired two PV projects for £64.3 million, from Camden, that will provide power for brewer AB InBev for the next 15 years. The sale comprises the Grange, 214 acres in Yorkshire, and South Lowfield, 200 acres in…
News
Streamlined, transparent contract on offer to give flexibility providers consistency across DNO tenders
by New Power •
Companies who want to provide flexibility services to distribution network operators (DNOs) will now be able to use a more transparent and streamlined common contract, standardised across all the networks. The existing contract was ‘refreshed’ by ENA’s Open Networks project,…