Energy companies struggling to manage their finances are set to be hit again at the start of November when they are called on to post more cover to back the rising cost of energy – and the credit calculation process…
News
Ofgem investigating whether two companies took advantage of network constraint payments
by New Power •
Regulator Ofgem has opened an investigation into the behaviour of two electricity generating companies asked by the system operator to accept bids to reduce generation to help manage transmission constraints. The Electricity System Operator manages transmission constraints by instructing generators…
News
Could electric vehicles support the Capacity Market? BEIS asks for evidence on progress
by New Power •
BEIS wants to know whether new generating technologies have emerged in the last year that could participate in future Capacity Market auctions. In its annual consultation, it asks specifically whether and how electric vehicles connected to the grid could access…
News
Environmental Audit Commitee opens inquiry into carbon capture technologies with potential for negative emissions
by New Power •
The Environmental Audit Committee (EAC) wants evidence for its new inquiry into negative emissions technologies. It says the government has previously indicated that negative emissions technologies will play a role in meeting Net Zero, with a specific focus around using…
News
Ofgem names five suppliers together owing £7M in renewables payments, warns they could lose supply licences
by New Power •
Ofgem is set to issue five suppliers with final orders to compel them to make £7 million in outstanding payments to comply with the Renewable Obligations (RO). The suppliers are • Ampoweruk , owing £3,590,236 • Whoop Energy, owing £56,306…
Editor's blog
Can Labour make a greener UK an election winner?
by New Power •
The news today that the government is considering shifting green levies from electricity to gas supplies is welcome in the long term. In the short term it needs careful planning – and a positive message for people already struggling with…
News
Ecotricity’s increased offer gets little takeup from Good Energy shareholders
by New Power •
With ten days to go before its offer for Good Energy share closes, Ecotricity says it has received acceptances for just 3% of the issued ordinary share capital. The offer, which closes on 10 October, was increased from 360p to…
News
Three more suppliers cease trading
by New Power •
Enstroga, Igloo Energy and Symbio Energy have announced they are ceasing to trade. According to Ofgem, Enstroga supplies around 6,000 domestic customers. Igloo Energy supplies around 179,000 domestic customers and Symbio Energy supplies around 48,000 domestic customers and a small…
News
Eurelectric calls for faster electrification and investment scale-up to reach Net Zero
by New Power •
Europe’s electricity system could reach Net Zero faster than anticipated, according to the industry’s European lobby group Eurelectric, if nine policy recommendations are implemented. Kristian Ruby, Eurelectric secretary generals said: “To deliver on the ambition, it is critical to have…