Engie has acquired Tiko, a Swiss startup whose technology connects electrical equipment (water heaters, heat pumps, solar panels, batteries, electrical outlets etc.) to a platform and makes them controllable. Users can participate in schemes to aggregate connected homes and offer flexible energy consumption, generation…
News
Interconnector access rules agreed to cover no-deal Brexit
by New Power •
Fall-back access rules have been agreed for three electricity interconnectors linking the GB market with its continental neighbours. The rules will apply in the event of a ‘no-deal’ Brexit. There are access rules for the IFA link with France, the…
News
Spring Statement and low-carbon homes: the industry responds
by New Power •
Barny Evans, head of energy, waste and sustainable places, WSP: “The future of homes standard announcement, due in 2025, is welcome. It builds on the Committee on Climate Change’s report which called for all new homes to be all-electric from 2025. We have…
News
Ovo takes stake in blockchain company Electron
by New Power •
Ovo has taken a minority stake in blockchain company Electron, through its company Kaluza. Electron will use the proceeds of Kaluza’s investment to accelerate the development and deployment of its distributed flexibility marketplace. The deal is the first strategic investment for…
Flash update
Brexit updates
by New Power •
BEIS has put forward further updates on the possibility of a ‘no-deal’ Brexit in response to an earlier stakeholder engagement meeting. Among them: Remit: Registered market participants (MPs), will not need to take any action to trade in GB, as…
News
Brilliant Energy out of business, along with Northumbria ‘white label’ customers
by New Power •
Brilliant Energy Supply Limited, an energy supplier with about 17,000 domestic customers, has ceased to trade. The company’s customers, which include some supplied under a ‘white label’ arrangement with Northumbria Energy, will now enter Ofgem’s ‘supplier of last resort’ process…
News
Cornwall Insight predicts shortfall in RO funds will trigger mutualisation for 2018/19
by New Power •
Energy retailers will be called on to top-up the Renewables Obligation (RO) for the second year in a row, Cornwall Insight has predicted, because the failure of more suppliers will mean necessary payments have not been made. Suppliers can make…
News
Capacity Market: BEIS consults on T-3 auction in 2020 and entry for renewables
by New Power •
BEIS is consulting further on changes to the Capacity Market that would enable wind and solar projects to be included, make changes in the way interconnectors participate, and prepare for a ‘T-3′ auction to be held in early 2020 –…
News
Ofgem order: Avro Energy must join DCC or stop taking on customers
by New Power •
Ofgem wants to stop Avro Energy from taking on new customers if it fails to become a smart meter Data Communications Company (DCC) user by the end of May. All suppliers were required to become DCC users by 25 November…