Ofgem seeks industry views on how the electricity system operator has performed in the first half of the year. The regulator’s framework regularly seeks such feedback, but this year’s review may be more interesting than most, given the events and…
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Northern Powergrid goes deep on customer engagement in ED2 incentive push
by Staff writer •
Northern Powergrid says it is pushing deeper into customer engagement than ever before ahead of the next price control. With Ofgem seemingly set on frugal returns, the DNO hopes to be able to present the regulator with robust evidence to…
Longread
From the New Power archive: Wylfa Newydd
by New Power •
In February 2019 New Power reported on the suspension of the Wylfa Newydd project: Horizon Nuclear Power has suspended its UK nuclear development programme, which was to have seen a new plant built at Wylfa Newydd on Anglesey in North…
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Jonathan Tudor swaps Centrica for Clean Growth Fund
by Staff writer •
Jonathan Tudor has left Centrica to become investment partner at the government-backed Clean Growth Fund, aiming to find and develop early stage clean tech companies. Tudor was technology & strategy director at Centrica Innovations and has covered similar ground for…
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National Grid appoints first female chair
by Staff writer •
Paula Rosput Reynolds has been appointed as chair of National Grid, following Sir Peter Gershon’s announcement on 30 January 2020 that he would step down from the role. She will join the board on 1 January 2021 and assume the…
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SSE shrugs off Moody’s negative outlook
by Staff writer •
SSE has shrugged off a negative outlook rating from Moody’s, which yesterday maintained SSE’s Baa1 rating but changed its outlook to negative. Moody’s cited higher than anticipated leverage and said that even £2bn of planned disposals would be insufficient to…
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SSE fined £2m over Fiddler’s Ferry Black Start REMIT breaches
by Staff writer •
Ofgem has fined SSE £2.06m over wholesale market inside information breaches. The fine relates to disclosure around a Black Start contract with National Grid. SSE signed non-binding terms with the transmission system operator on 22 March 2016 to provide grid…
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RWE throws spanner in works for Statera’s Thurrock Power plans
by Brendan Coyne •
RWE has taken issue with Statera’s plans for a 750MW hybrid flexible power plant at Thurrock, adjacent to its now defunct plant at Tilbury. The firm has written to the Planning Inspectorate expressing concern that its land has been included…
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SSE sell Walney stake for £350m
by Staff writer •
SSE has agreed to sell its 25.1 per cent stake in Walney offshore wind farm stake to Greencoat Capital. The firm will pay £350m for 92MW. “Walney has been a good financial investment for SSE but we see it as…