The government has set target procurement for the winter of 2022/23 at 44GW. The capacity will be procured in an auction on 30-31 January. Capacity for the following winter (delivery in 2023/24) is expected to be slightly lower at 43.3GW…
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Climate and environment dominate WEF’s annual Global Risks Report
by New Power •
Environmental risks led by extreme weather and climate action failure are both the most likely risks facing the world and those with most impact, according to the latest annual Global Risks Report, produced by the World Economic Forum ahead of…
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Opinion: Tackling the cartel damages question
by Annabel Andrews •
How will courts handle damage claims where a cartel has been found to be operating? A recent decision gives some indications BritNed v ABB is the first competition damages action, based on a European Commission cartel decision, to reach judgment…
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Mayor launches London Power supplier
by New Power •
London Power, a partnership between Octopus Energy and the Mayor of London, launched this week. The company offers two tariffs, My London fixed yearly plan and My London top-up plan. The Mayor will become one of the first customers of the company…
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Co-Op offers tariff sourced from community renewables projects
by New Power •
Co-op Energy has today launched a Community Power Tariff, which offers green energy sourced from 90 local renewable energy generation projects across the UK. The Community Power tariff offered by Co-op Energy will be delivered by Co-op Community Energy, a joint venture…
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Cost pressure in the offshore wind sector ‘could drive up disputes’
by New Power •
Disputes could be set to grow in offshore wind projects, say Charlie Lightfoot (partner) and Rachael Cresswell (associate) in Jenner & Block’s International Arbitration Practice. In an article in the January issue of New Power Report the authors say that growing…
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Octopus offers home charging EV bundle
by New Power •
Octopus Electric Vehicles and EO Charging have combined to launch an all-in-one EV home charging bundle combining EO’s Mini Smart Home charger in the world and Octopus’s Go energy tariff. EO claims that the charger – smaller than an A5 piece of paper – is…
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Gas network Cadent installs first solar PV
by New Power •
Cadent, Britain’s largest gas distribution network, has installed its first solar array, at an existing Cadent site in Brisley, North Norfolk. The solar farm’s 388 panels have a peak generation capacity of 130kW and are expected to generate 120MWh a year – enough…
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Ofgem tells nine suppliers: join smart meter hub or lose licence
by New Power •
Ofgem wants to force nine energy suppliers to become Data Communications Company (DCC) users. It is consulting on issuingf them with final orders to become users by the end of March – if not, they will be stopped from taking on new…