Ovo Energy whose £500 million acquisition of SSE’s customers makes it the second largest UK energy supplier, has agreed to pay £8.9 million in redress for wrongly charging customers and providing inaccurate or incomplete information to them for over five…
News
Utility Warehouse pays £650k in redress and refunds for overcharged Warm Home Discount customers
by New Power •
Utility Warehouse overcharged 3,430 Warm Home Discount customers, due to a system error, and is to provide refunds and compensation totalling £450,000. Ofgem has announced. The supplier will pay a further £200,000 into Ofgem’s voluntary redress fund, “in recognition of the seriousness of the breach and…
News
Gresham House takes on subsidy-free solar from Anesco
by New Power •
Gresham House has purchased a 12MW battery-ready solar farm from renewables developer Anesco for one of its New Energy funds. It is expecetd to begin generating solar power in March 2020 The site, known as Bumpers, straddles the Chiltern railway line…
News
What’s the future of E-serve, Elexon and the Low Carbon Contracts Company? LCCC chair says organisations could be rationalised “tomorrow”
by Annabel Andrews •
In the January issue of New Power Report, editor Janet Wood spoke with Regina Finn, the new chair of the Low Carbon Contracts Company, about the many changes facing the power industry. Finn has been regulator and participant in utilities across…
News
Legislation will set new security framework for smart devices
by New Power •
New legislation will require consumer smart devices to meet three rigorous security requirements for the Internet of Things (IoT), the Department for Digital, Culture, Media and Sport (DCMS) has announced. Consumer devices such as fridges that can respond to price signals…
News
Western Link failings prompt Ofgem investigation
by New Power •
Ofgem has launched an investigation into National Grid Electricity Transmission and SP (Scottish Power) Transmission over the delivery and operation of the Western high-voltage direct current (HVDC) subsea cable, which the two companies undertook as a joint venture. The £1.3…
News
Renewable Exchange proves effective as wind farm operator signs two dozen PPAs
by New Power •
The Renewable Exchange platform saw more than 15 suppliers tender for Power Purchase Agreements (PPAs) for Aviva Investors’ onshore wind farms. They offered multiple ways of monetising power, subsidy and embedded benefits from the wind farms and as a result Aviva Investors has…
Editor's blog, Perspective
Where will we be in 2030? Key questions for a changing power sector
by New Power •
As the 2020s start, in the January 2020 issue of New Power Report we set out a series of questions about how the industry would look at the start of the 2030s. What’s your view? Have we asked…
News
GridBeyond secures £9M expansion funding
by New Power •
Smart grid platform provider GridBeyond has secured £9 million in new funding. The leading investor in the round was EDP - Energias De Portugal, the Portuguese electric utility company. It was supported by existing and new investors in the company: Act Venture Capital –…