Octopus Energy Investments has completed a £344 million refinancing of its UK onshore wind portfolio. The portfolio, which Octopus acquired on behalf of its investors in a series of transactions between 2015 to 2017, includes seven sites across England and…
News
Siemens to spin off gas and power business
by New Power •
Siemens is to spin off its gas and power interests in a new company to be given “complete independence and entrepreneurial freedom”. The new company will comprise Siemens’ current oil and gas, conventional power generation, power transmission and related services businesses. It will…
News
URE Energy told: pay renewables subsidy bill or lose supply licence
by New Power •
Ofgem has told URE Energy that it must pay its £209,013.78 Renewables Obligation bill or the regulator will revoke the small supplier’s licence. But the regulator, which has been chasing the payment since September last year, has given the supplier three…
Perspective
OPINION The energy transition: disruption or repurposing?
by New Power •
Research by Michael Kattirtzi and Mark Winskel found different views on the UK energy system transition The UK’s energy system is experiencing dramatic technological and institutional change, and there are enormous challenges in reconciling system-wide decarbonisation, energy security and…
News
Consultation opens over the UK’s carbon price future
by New Power •
The UK government is consulting, along with the devolved administrations, on a new UK carbon pricing scheme that would be employed in the event the UK could not take part in the EU’s Emissions Trading Scheme (EU ETS) after Brexit.…
From the monthly Report
From New Power Report: UK100 and the zero carbon approach in local authorities
by New Power •
Members of the UK100 network of local authorities have pledged to convert to using 100% green energy by 2050. Janet Wood spoke to the network’s director, Polly Billington, about taking a local approach to energy. Ofgem should have more‘sandboxes’ (projects…
News
ACT NOW Consultation on balancing services charging task group report closes on 17 May
by New Power •
Industry members have just ten working days to respond to a draft report on the future charging regime for balancing services. Regulator Ofgem decided to launch a Balancing Services Charges Task Force in November with the aim of providing analysis…
News
Ofgem to act over consumer protection for micro businesses
by New Power •
Ofgem has opened its strategic review of the microbusiness market. As New Power reported on 3 April, Ofgem will launch a strategic review of consumer protection for microbusinesses. The launch document is here. The review was welcomed by Gillian Guy, chief executive of…
News
Epex sees off competition probe by agreeing to help open up GB/iSEM trading
by New Power •
Power exchange Epex Spot has headed off an investigation by regulator Ofgem by agreeing to help set up another power exchange for companies trading power across interconnectors between the GB and Irish/Northern Irish markets. Ofgem warned in November that it…