Centrica Business Solutions has brought online its 49MW battery at Roosecote battery in Cumbria. It is part of Centrica’s £180m investment into flexible power which also includes a refurbishment of King’s Lynn power station, plus two fast response gas-fired power…
News
British Gas to challenge price cap as cheap energy deals fall away
by New Power •
British Gas owner Centrica has launched a challenge the way the price cap is calculated. The cap, on standard variable tariffs, is due to take effect on 1 January. The regulator had planned to use the wholesale price for April…
News
Ofgem’s RIIO2 proposal on cost of capital: the industry responds
by New Power •
David Smith, chief executive, ENA: “It’s important that the public and the country as a whole benefit from the changes that are sweeping across the country’s energy system, but much more work still needs to be done by the regulator to…
News
Lords committee complains over lack of BEIS analysis over carbon and power costs in ‘no-deal’ Brexit
by New Power •
Members of a House of Lords committee told energy and climate minister Claire Perry it was “extremely disappointing” that her department had not assessed how a UK exit from the EU Emissions Trading Scheme on 29 March would affect the…
News
What now for the Capacity Market?
by Annabel Andrews •
When the European Court of Justice set aside GB’s Capacity Market (CM) in November saying it was illegal state aid, it took the industry entirely by surprise. Even those who were aware that the hearing had taken place, back in…
News
Moody’s downgrades SSE
by New Power •
Rating agency Moody’s has downgraded SSE’s rating from A3 to Baa1. It has also downgraded SSE’s hybrid notes (from Baa2 to Baa3). The rating agency began a review in September, after SSE’s announced losses in its energy trading division, and…
Perspective
OPINION: Lesson from the Capacity Market debacle: put your trust in markets, not regulation
by New Power •
Filippo Gaddo, head of economics, business and investor advisory at Arup, considers the implications of the European Court of Justice ruling that the Capacity Market represents unjustified State Aid On 15 November the European Court of Justice found that, in…
News
Wathegsr 2 wind farm changes hands
by New Power •
BayWare has sold its Wathegar 2 wind farm to the British Strategic Investment Fund LP (BSIF), which is managed by London-based specialist asset manager, Gresham House Asset Management. The wind farm has a capacity of 18.45MW comprising nine 2.05MW Senvion…
News
Sherwood biomethane plant sold to JLEN
by New Power •
BayWare has sold its Sherwood biomethane to JLEN The plant is in Nottinghamshire about 25 miles southeast of Sheffield and was BayWare’s first UK biomethane plant, co-developed with AcrEnergy. It has now been sold to the environmental infrastructure investment fund John…