Ofgem will set out its thinking on its revised approach to licensing and regulating suppliers at an industry meeting on 21 June. After a spate of company failures, Ofgem decided it needed to raise standards around suppliers’ financial resilience and customer…
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Severn Trent opens the door to energy innovators to cut its £100M bill
by New Power •
Water company Severn Trent is inviting companies to come forward with innovation to help to reduce its energy costs – the company’s second-biggest expense. The company spends around £100 million per year to meet its annual electricity need of 900GWh.…
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Ofgem: full steam ahead on faster switching
by New Power •
A £1 saving in indivudual consumer bills – because the domestic market was more competitive – would more than offset all the costs of a faster switching programme, says Ofgem. It based that on CMA estimates that domestic consumers as a…
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LNG terminal and CCGT proposed for defunct coal port
by New Power •
Peel Ports is consulting on plans for development at Hunterston, North Ayrshire. The 300 acre site, was previously used to import coal to burn in Scottish power stations. A new 20-year ‘master plan’ could see the port house an LNG (liquified…
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UKPN offers contracts for flexibility in eight locations
by New Power •
After its second flexibility tender UK Power Networks has offered contracts to six companies across eight different locations. They will install or recruit new flexible capacity with a total value of more than £450,000 and a total capacity of 18.2MW. The technologies…
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Demand response aggregators launch common standards and confidence code for businesses
by New Power •
The Association for Decentralised Energy (ADE) has launched a compliance scheme to help industry and business develop a ‘smart’ energy startegy. The Flex Assure scheme (and its Code of Conduct), will help businesses to compare the different services offered by…
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Labour renationalision plans – responses
by New Power •
Proposals by the Labour Party to take energy networks back into public ownership would include interconnectors and would take the assets back at cut price. According to the FT, shareholders be given compensation below market prices because of ”‘asset stripping…
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‘Energy entrepreneurs’ focus moves from renewables to storage and gas peakers
by New Power •
Independent generators invested £58 million in 80 new renewable energy projects last year, adding 329MW to bring the total capacity of the sector above 14GW, according to Smartest Energy’s annual Energy Entrepeneurs Report. But investment has switched away from renewables…
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Planned VAT changes ‘undermine decarbonisation, fuel poverty and industry strategies’
by New Power •
Sustainable energy organisations have called on HMRC to halt planned changes to the VAT regime that would raise the cost of installing more efficient and lower-carbon energy measures. VAT applied to energy efficiency measures such as insulation and low carbon…