Low income pensioners received over £1.35m rebates as part of the £320m Warm Homes Discount last year. The 11 obligated energy suppliers provided the budgeted £320m worth of eligible support in the fifth year of the scheme, from 1 April 2015 to 31 March…
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Ovo hikes electricity price following commodity cost rises
by New Power •
Ovo has announced a hike in its Pay Monthly Simpler (variable) tariff with effect from 10 January 2017. The company said it was “due to a steady increase in wholesale commodity costs for both electricity and gas.” It said, “Since…
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Feed in Tariff queue stretches to second quarter of 2018
by Annabel Andrews •
Generators seeking a Feed in Tariff subsidy for some wind installations will have to queue until the second quarter of 2018, according to new figures released today. The latest information from Ofgem showed that there are currently 52 generators applying for…
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Greencoat Wind raises £147m in share issue
by Annabel Andrews •
Renewable infrastructure fund Greencoat UK Wind has announced gross issue proceeds of £147m after an oversubscribed capital raise. The firm, which invests in operating UK wind farms announced the second issue of its share issuance programme on 25 October. Today,…
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Three new interconnectors to be allowed ‘cap and floor’ guaranteed return
by New Power •
Ofgem has agreed that three projects submitted in its interconnector ‘application window’, which closed on 31 October, are eligible for the ‘cap and floor’ regime. The regime provides a guaranteed return for the project from electricity consumers’ bills, but caps…
Flash update, From the monthly Report
‘Emerging’ power technology? Act today to avoid new grid response requirements
by New Power •
Today is the deadline for companies developing new power technologies to apply to be classified as ‘emerging technologies’ and avoid strict new requirements on how they interact with the grid and provide grid services. Ofgem’s information for emerging technologies applying…
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Triple hit for ‘car park’ diesel fleets as Capacity Market auction approaches
by New Power •
Three major changes are expected to drive small plant – especially new ‘car park’ diesel fleets – out of the upcoming Capacity Market auction and benefit new large gas turbines. The first, aimed directly at small diesel farms, will place…
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Imperial College London analysis shows system integration costs of renewable generation are low
by Annabel Andrews •
A new E3G report based on analysis from Imperial College London lays to rest the argument of a preventative ‘hidden’ cost of renewable power, as investment in grid flexibility lowers the final costs for the grid and for bill payers. Imperial College has…
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First power produced by MeyGen tidal power array
by Annabel Andrews •
Atlantis Tidal’s MeyGen project site in the Pentland Firth, Scotland, successfully produced power for the first time this week. When fully completed, the project is set to be the world’s largest free stream tidal power project. The turbine, supplied by Andritz Hydro…