Energy supplier Usio Energy has ceased trading, and its customers will be taken on by First Utility. The company has around 7,000 domestic customers. Ofgem has appointed First Utility following a competitive process. First Utility is offering Usio Energy’s customers a…
News
Ofgem promises clarity on ‘market making’ future before cash-out price change
by New Power •
Ofgem has promised to provide clarity by November on whether it will maintain electricity trading arrangements that require large players to act as ‘market makers’ at two periods during the day. The market-making requirements was introduced as part of Ofgem’s…
Flash update
Thought leadership: CGI and New Power ask how to win value in fast-changing flexibility markets
by New Power •
The idea that, instead of selling kilowatt hours, market participants of all kinds could sell their flexibility remains new. In this new thought leadership report, CGI and New Power investigate how to win value in the fast-changing environment of power…
Longread
Drifting into no-deal Brexit
by New Power •
The UK could slide into a ‘no deal’ Brexit because there has been little possibility to plan for alternatives, Christiane Leuthier, senior director of commodities at FIA, suggested at a round table on Brexit organised last month by trading exchange EEX.…
News
Vitol fined over market manipulation: ACER warns budget cuts may leave future abuses undetected
by New Power •
France’s Energy Regulatory Commission (CRE) has fined Vitol €5 million for engaging in market manipulation in the gas market. But the EU’s Agency for the Cooperation of Energy Regulators (ACER) warned that unless its market monitoring resources are maintained similar abuses…
News
Moixa launches its biggest domestic battery at 4.8kWh
by Annabel Andrews •
Moixa claims its new 4.8kWh smart household battery will turn homes into ”mini power stations” by managing solar panels, batteries and electric vehicles to minimise energy bills and take advantage of the growing number of time-of-use tariffs. Simon Daniel, the firm’s chief executive said:…
News
CMA clears SSE/Npower retail merger
by New Power •
The Competition and Markets Authority (CMA) has given the go-ahead to a merger between SSE Retail (SSE) and Npower. The CMA said its panel had specifically examined competition concerns around how the deal would impact ‘standard variable tariff’ prices. It concluded…
News
Tender to open for three offshore wind farm links
by New Power •
Ofgem is opening a tender for owning the electricity transmission link to the 1.2GW Hornsea 1 wind farm project, owned by Ørsted, and sited 120km east of the coast of Lincolnshire and Yorkshire. The link to Hornsea 1 is one of three…
News
IPCC report: the industry responds
by New Power •
Nick Molho, executive director, Aldersgate Group: “This report from the world’s leading climate scientists is clear that there are compelling environmental, economic and social benefits to limiting the increase in global temperatures to 1.5 degrees as envisaged in the Paris Agreement.…