First Light Fusion has raised $25 million from existing and new investors. The funding round was led by Oxford Sciences Innovation (OSI) and includes IP Group plc and Hostplus. The new funding will enable First Light to boost its science,…
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A big binary decision on hydrogen is not the approach we need
by Tim McManan-Smith •
Focusing on “Net Zero by 2050” fundamentally misunderstands the problem of the Climate Crisis. While the destination is absolutely critical, it is the journey which will dictate the success of the outcome writes Chris Manson Whitton, director, Progressive Energy. Our complex…
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Ofgem suspends policy development on power trading liquidity
by New Power •
Ofgem has suspended new policy development on improving liquidity in traded power markets. The regulator says that market monitoring since measures to improve liquidity were removed has revealed little or no loss of either ‘churn’ (the number of times power…
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CMA tells water companies ‘manage your energy bills’ as it rejects option to recoup extra costs from customers
by New Power •
A decision by the Competition and Markets Authority (CMA) will force major energy buyers in the water sector to take a more active approach to managing their energy costs. Energy represents 9% of water company costs and, according to Veolia, the sector…
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Balancing services should be £/MWh and based on final demand – task force
by New Power •
All final demand customers should pay grid balancing charges that are based on a set £/MWh basis, according to the Balancing Services Charges Task Force. The group, convened by National Grid ESO at Ofgem’s request, has spent two years working…
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Green Gas Levy: Flat rate and quarterly collections favoured
by Staff writer •
Government thinks its plans for a biogas levy will add no more than £6.90 per annum per meter – both for businesses and households. The Green Gas Support Scheme is due to launch in Autumn 2021. It will be funded…
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National Grid and Tennet explore offshore grid
by Staff writer •
National Grid and Dutch transmission system operator Tennet are working on plans for a multipoint interconnector that would connect offshore wind farms to both countries. The plan involves simultaneously connecting 4GW of British and Dutch offshore wind, providing an additional…
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Ofgem wants views on ESO’s first half performance
by Staff writer •
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…