Ofgem has fined Engie Global Markets (EGM) £2.1 million because one of its traders manipulated wholesale gas prices to increase profits. In November 2016, a market participant alerted Ofgem to suspicious activity on GB’s wholesale gas market. The regulator found that a…
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ACT NOW: ESO seeks input on competition for onshore network assets
by New Power •
National Grid’s Electricity System Operator (ESO) is asking for views on how competition in onshore competition might work. It wants input from those with a direct interest in the regime, such as design, construction or financing companies that might participate. The…
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EV users shift 70% of charging out of peak hours in ‘real world’ study
by New Power •
A trial of electric vehicle users found that most were willing and able to shift vehicle charging out of peak hours (4-6pm). In the eight-week trial, with 247 ‘mainstream consumer’ users, nearly 90% said they would accept ‘managed charging’ after…
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Spending review: the industry responds
by New Power •
Chancellor Sajid Javid’s first spending review provided little for the energy industry or for the decarbonisation or ‘net zero’ carbon emisisons agenda. For BEIS it promised an additional £30 million to accelerate progress on developing decarbonisation schemes that will help…
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Use universities as low-carbon energy test beds, says IMechE
by New Power •
The UK’s university campuses should be test-beds for low-carbon local-energy, as they combine academic expertise and large areas of land and buildings, according to a new report from the Institution of Mechanical Engineers. The report, Exploring the Evolution of Low-Carbon Local Energy…
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Work starts at subsidy-free wind farm in Scotland
by New Power •
Construction has begun at Crossdykes wind farm, Scotland’s first subsidy-free onshore wind project being developed by Muirhall Energy and WWS Renewables. The project reached financial close in August. Close Brothers Leasing funded the scheme on a project finance basis. The turbines will be supplied…
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Ørsted opens Hornsea Two base
by New Power •
Ørsted has opened its construction base for the Hornsea Two offshore wind farm at Humberside Airport. The building, formerly a police station at the airport, will house around 30 Ørsted employees. When it is completed in 2022, Hornsea Two, 89km off…
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‘Too cautious, too many rules, too slow on data’: Electralink’s Stuart Lacey calls for change in the energy industry
by New Power •
The energy industry has to be ready to fail, says Electralink chief executive Stuart Lacey. In a wide-ranging interview with New Power, he said innovation doesn’t come from a process of building consensus, it comes from lots of trying and failing: “Some…
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ITM Power, Ørsted and Element Energy win BEIS grant aimed at cutting the cost of ‘green’ hydrogen
by New Power •
ITM Power, Ørsted and Element Energy have won funding of £499,905 from BEIS for a feasibility study for ‘Gigastack’, aimed at demonstrating the production of bulk zero-carbon hydrogen. The project aims to dramatically reduce the cost of electrolytic hydrogen, using gigawatt-scale polymer electrolyte…