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.…
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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…
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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:…
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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…
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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…
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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.…
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EBRD calls for ‘step change’ in renewables investment
by New Power •
The European Bank for Reconstruction and Development (EBRD) has called for a step change in investment in renewable energy. It said competition had resulted in cost reductions that meant it was often the cheapest option. Harry Boyd-Carpenter, EBRD director, head…
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IGEM takes on hydrogen standards project
by New Power •
The Institution of Gas Engineers & Managers (IGEM) is to develop hydrogen standards for the government’s £25 million research and innovation programme. The Hy4Heat programme is a feasibility study into the use of hydrogen for heat in UK homes and…
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Hydropower company wants local investors
by New Power •
A hydropower company is seeking investors to join development of a suite of community projects. Eventually, the Highland Community Energy Society wants the general public to join to purchase a community stake amounting to £1.89 million in total in six…