The National Infrastructure Commission has launched a Call for Evidence on regulation. In a consultation closing on 12 April it asks where economic regulation of energy, water or telecoms has systematically failed or succeeded in facilitating future investment needs; promoting competition and…
News
Shell acquires Sonnen smart energy business
by New Power •
Shell is to acquire 100% of Sonnen, a manufacturer of smart residential storage systems, following an initial investment in May last year. Started up in Germany, Sonnen now also has locations in the UK Italy, Australia and the USA. Sonnen…
Longread
From the archive: can the gas be used to aid decarbonisation? Some projects investigated
by New Power •
Despite the carbon cost, use of the gas network is expanding. Proponents argue that it can be a low carbon bridge. In the September 2017 issue of New Power Report Janet Wood took a look at some projects Efforts to decarbonise the…
Longread
From the archive: how can we decarbonise heat?
by New Power •
If the UK has made good progress in decarbonising the electricity system, the same cannot be said for heat. It is a bigger challenge and has been harder to tackle, but it is in the sights of the new Energy…
News
FTI Consulting appointed administrator for Utilitywise
by New Power •
FTI Consulting has been appointed administrator for Utilitywise. The company, which provided energy and utility brokerage services to micro-market and SME businesses customers, was unable to raise sufficient funding to cover trading losses and implement a turnaround strategy. The group was put up…
News
Moody’s cuts WWU credit rating
by Annabel Andrews •
Rating agency Moody’s has dropped its credit rating for Wales and West Utilities, saying that it expected to see long term lower returns for the western gas network owner and operator. The cut follows similar action on SGN and is…
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Scottish government offers £10M funding to bring forward tidal power
by New Power •
The Scottish Government has invited applications to a £10 million fund dedicated to achieving commercial deployment of tidal energy generation in Scottish waters. The Saltire energy fund is looking for projects that: relate to the capital costs of developing a material/technical…
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EU ETS carbon allowances: one month to early submission
by New Power •
UK companies that have to take part in the EU Emissions Trading Scheme (EU ETS) have until 11 March to report on emissions in 2018 and until 15 March to surrender allowances for the year. The compressed deadlines – brought…
News
Zouk Capital is preferred bidder to manage EV investment fund
by New Power •
Zouk Capital has entered exclusive negotiations with the government to manage the £400 million Charging Infrastructure Investment Fund (CIIF), one of a a package of measures aimed at helping to increase the uptake of electric vehicles. CIIF will match £200 million raised from…