“Further change is needed to deliver an energy system fit for the future”, BEIS and Ofgem have told energy networks, in a letter asking them to go further and faster in accomodating distributed and flexible energy assets and promoting new…
News
Ofgem puts RAB funding model among ‘key tasks’
by New Power •
Developing a framework that would allow new nuclear to be delivered under a regulated asset base (RAB) financing model is a key task for Ofgem in the period to 2023, the regulator has said. Government is expected to publish a consultation…
News
Public Accounts Committee: sector regulators are failing consumers
by New Power •
Regulators in the energy, water, telecoms and financial service sectors take different and often inconsistent approaches to tackling consumer issues and have not made enough progress in working together, according to a new report from the Public Accounts Committee. What…
Longread
Is it time to re-examine the regulatory model?
by New Power •
With questions being asked over the UK’s infrastructure by the Treasury, green groups, the National Infrastructure Commission (NC) and citizens’ groups, pressure for public ownership from the Labour Party and calls for local authorities to have a bigger role, the…
News
BEIS raises 2020/21 ‘top up’ capacity auction target from zero to 300MW
by New Power •
National Grid ESO should procure 300MW of generation capacity in a ‘T-1′ Capacity Market auction for delivery in the winter of 2020/21, BEIS has said, although capacity estimates say it is not required. BEIS has been more cautious than the…
News
Subcontractors named for Moray East onshore work
by New Power •
Siemens has placed contracts for the construction of the transmission infrastructure for the 850MW Moray East Offshore Windfarm. Onshore undergound cables for the project stretch 35km from near Whitehills on the Aberdeenshire coast to the new substation site south of New…
News
EV charge operator promises 100 new rapid charge points by Christmas, 2000 by 2024
by New Power •
EV charging network Engenie has anniunced plans to invest £35 million to install 2000 new rapid charge points in the UK by 2024. The plans are being funded by Cube Infrastructure Fund II and the company aims to install the…
News
China slowdown drags world renewable energy investment
by New Power •
A 39% slowdown in renewable energy investment in the world’s biggest market, China, meant that globally renewable energy investment fell by 14% to $117.6 billion, compared to the first half of 2018, according to Bloomberg New Energy Finance. However, multibillion-dollar projects…
News
UK falling behind on climate action, says CCC
by New Power •
Government has to embed the net-zero policy across all levels and departments of government, with strong leadership at the centre, if it is to be delivered, the CCC said. That includes clear and stable policy direction, investable rules and incentives, space for…