Temporary power units that were earmarked for summer events like the Glastonbury festival have been offered ‘pro bono’ to power planned Covid-19 testing sites across the UK. But government would have to cover freight costs to move the units to…
News
Centrica cancels dividend, cuts operating costs, to navigate pandemic
by New Power •
Centrica has cancelled a proposed 2019 final dividend payment of 3.5 pence per share as part of efforts to cut cash expenditure in the year by around £400 million, to provide flexibility to navigate the impacts of the pandemic. The company said…
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Elexon acts on fears lack of access to read electricity meters could bog down settlements process
by New Power •
Electricity industry body Elexon has agreed new flexibility measures in its processes, because suppliers who cannot get site access to read meters during the Coronavirus pandemic feared data errors could impede settlement of bills within the industry. Suppliers have to…
Editor's blog
Small suppliers: which will ride the storm?
by New Power •
Energy suppliers are under pressure at the moment, as they will be faced with customers who need a payment holiday. Small suppliers with equally small balance sheets may hit problems first. But a briefing by consultant Aurora yesterday suggested some small…
News
Alpha acquisition consolidates small onshore power projects
by New Power •
Alpha Real Renewables has acquired operational wind and solar assets located across Wales and the North West. The transaction, with TLT as adviser, comprised a portfolio of mixed clean energy technologies from individual operators, including wind farms with private wire power purchase…
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National Grid: depressed demand in summer due to Covid-19 a ‘challenge’ to system stability
by New Power •
Low electricity demand in the summer could present a challenge to managing the electricity system, system operator NGESO said in its weekly Covid-19 briefing. The balance of supply and demand in the summer has been a growing problem over recent…
News
Adjustment to thousands of small power plants to raise stability suspended, but System Operator will call for action at key sites
by New Power •
A site-by-site programme to upgrade small-scale power generating plant so it “rides through” disturbances has been suspended because it requires engineers to visit thousands of power sites. But National Grid is in discussion with BEIS, Ofgem and other major stakeholders over…
News
Brentwood is home to new 10MW battery facility
by New Power •
Gore Street Energy Storage Fund’s new 10MW battery has gone into operation using Origami’s smart grid technology. The battery is in Brentwood, Essex. SSE Business Energy is the licensed supplier and power offtaker for the battery, which uses batteries supplied by Japanese…
News
E.On issues €750M green bond
by New Power •
E.On has successfully issued a €750 million green bond with a tenor of 5.5 years. The comopany said that despite the significant market disruptions caused by Covid 19, it secured favourable interest terms: the bonds have a coupon of 1%. “The…