Job losses at Uniper, the fossil fuel and commodities company spun out of E.On, will continue until the end of the year, admits UK chair Felix Lerch. He told New Power in a wide-ranging interview that streamlining the company is…
Perspective
OPINION: Contracts for difference – or for a different kind of wholesale market?
by New Power •
Contracts for difference are a small part of the wholesale market now, but soon they will be affecting market behaviour, argues Mark Meyrick Under the government’s Electricity Market Reform, its replacement for the Renewable Obligation is now upon us. The…
News
Government opens £20m innovation fund for vehicle-to-grid technologies
by Annabel Andrews •
Up to £20 million is available from the Department for Business, Energy & Industrial Strategy – working with the Office for Low Emission Vehicles and Innovate UK – to fund projects that investigate new business models, consumer awareness and technologies…
News
Citizens Advice criticises Ofgem over “unjustified” energy network profits
by Annabel Andrews •
Citizens Advice has said energy network companies should return £7.5bn “unjustified profit” to consumers. The charity has published new research which estimates that key decisions made by the energy regulator Ofgem are allowing energy network companies to make billions in…
News
Foresight opens smart meter investment fund
by New Power •
Foresight Group is launching a Smart Bonds Fund to invest in the UK roll-out of smart meters. The funds raised will generate returns by lending to companies that own, operate and rent installed smart meters to UK energy suppliers. Investors…
News
Lords committee to consider energy security implications of Brexit
by New Power •
A House of Lords select committee has launched an inquiry into the implications of Brexit for energy security in the UK. The EU Energy and Environment Sub-Committee said UK and the EU have common energy needs, and rely on common…
News
Siemens and AES join to launch global storage company
by New Power •
Siemens and AES have agreed to form a global energy storage technology and services company under the name Fluence. It will combine the AES Advancion and Siemens Siestorage energy storage platforms. Siemens and AES will each hold 50% of the…
News
Blog: Good Energy and Ecotricity battle continues
by Annabel Andrews •
Ecotricity and Good Energy’s long-standing rivalry has spilled into a boardroom battle, reports the Financial Times. Privately-owned Ecotricity has been acquiring shares in publicly-listed rival Good Energy over the last year and is now its largest shareholder with a 25.3…
News
Ofgem delays ‘sticky’ customer database rollout by six months
by Annabel Andrews •
Ofgem has confirmed that the timetable for implementing a database of disengaged energy customers has been pushed back. The database, which is one of the remedies proposed by the CMA to increase competition in the energy market, will include anyone who has…