A cross-party group of 91 MPs have signed a letter to energy minister Claire Perry asking for more support for wave and tidal power. The letter, written by Conservative MP Richard Graham, Chair of the All-Party Parliamentary Group on Marine Energy and Tidal Lagoons, encourages the government to…
News
Banking app to offer energy switching
by New Power •
Online bank Monzo has added an energy switching service to its app – although the switching options are currently limited to Ovo Energy and Octopus Energy. Users can enter information about their home to get quotes, then choose a tariff and…
News
Ofgem tells Solarplicity: make outstanding feed-in tariff payments
by New Power •
Solarplicity has been issued with a provisional order by Ofgem to pay outstanding money owed to customers with domestic generation who are eligible for Feed-in Tariff (FIT) payments. Ofgem said it understands that Solarplicity failed to pay a number of FIT…
News
Octopus Energy completes onshore wind refinancing
by New Power •
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…
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.…
Longread
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…