Generating company InterGen has to pay £37,291,000 in restitution and fines after Ofgem found it had manipulated the power market during 2016. An Ofgem investigation found that InterGen made £12.8 million when its staff manipulated the market during four days…
News
Zeigo completes funding round
by New Power •
Zeigo has closed a £800,000 Seed Funding Round led by Naruhisa Nakagawa, founder of Caygan Capital. Zeigo is an energy tech platformthat connects corporate energy buyers (private and public sector) with renewable energy generators and suppliers.It allows customers to promptly…
News
CCC directs ministerial attention to a ‘net zero’-focused exit from CV-19
by New Power •
The Committee on Climate Change (CCC) is preparing to set out advice to ministers on ensuring that rebuilding efforts after the CV-19 crisis support a ‘just transition’ towards Net Zero emissions and strengthen the UK’s preparedness for climate change. It will…
News
Welsh tidal stream project recruits three developers
by New Power •
North Wales tidal stream energy project, Morlais, has signed up three new turbine developers. French firms Sabella and HydroQuest, and Spanish developer Magallanes, all aim to deploy devices on a commercial scale at the Crown Estate-designated zone off the coast of…
Editor's blog
From the fax to the future: the system operator needs to take a big leap
by New Power •
National Grid’s system operators are both doing a great job – in gas and electricity – balancing supply and demand and managing the system through the Coronavirus crisis. It is groundbreaking stuff. It’s not made any easier by the legacy…
News
System Operator seeks new options to manage low demand: negative capacity reserve and accessing distribution assets ‘on the table’
by New Power •
National Grid ESO said that a ‘Negative Capacity Reserve’ was one option on the table to help manage expected prolonged periods of low demand over the summer due to Coronavirus measures. It asked industry members for their suggestions on new…
News
Environmental Audit Committee wants evidence on low-carbon innovation and offshore wind
by New Power •
The Environmental Audit Committee has launched a new inquiry, Technological Innovation and Climate Change,considering how British innovation could tackle climate change, and is inviting written evidence. The UK is expected to exceed the target set out in the third Carbon Budget…
Flash update
Selkie Project seeks tidal and wave developers – call for tenders extended
by New Power •
Calls for tenders looking for two companies – a tidal energy developer and a wave energy developer – to join the SELKIE project have both been extended to 30 April. The Selkie project aims to improve the performance of marine energy…
Flash update
Networks research hub offers £400k grant funding – call extended
by New Power •
EPSRC Supergen Energy Networks has extended a call for expressions of interest for projects around resilience focused on climate adaptation, network achitectures or markets and regulation (the organisation’s three working groups).The call now closes on 22 April. The second Flex Fund…