Ofgem wants to simplify the Capacity Market rules to widen participation, reduce costs and promote secondary trading. In a five-year review of the market, the regulator said it had provided security of supply, but was undermined by its complexity. Companies…
News
Pensions Infrastructure Platform acquires more wind assets
by New Power •
Scottish Equity Partners (SEP) has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform (PiP) for an enterprise value of £50 million. The portfolio contains all five of the wind farm investments made by the Environmental Capital Fund (ECF), a specialist infrastructure…
News
Brexit extension leaves business ‘extremely uncertain’ over carbon costs
by New Power •
The Brexit delay has left carbon emitters, including power generators, with uncertainty over multi-million pound emissions payments. The uncertainty arises because it is not clear whether UK companies will take part in the EU Emissions Trading Scheme (EU ETS) in future.…
News
Ripple Energy launches crowdfunding
by New Power •
Ripple Energy is about to start crowdfunding to develop a platform that offers a new ownership model for renewables. It is using Seedrs to raise £750,000 for 23.21% of the company. Last month New Power editor Janet Wood spoke to Ripple’s…
News
Longannet demolition moves forward
by New Power •
Parts of a structure at Longannet, Scotland’s last coal-fired power station, have been successfully demolished in a controlled explosion. The boiler annex east, close to the station’s chimney, was ‘blown down’ in calm conditions on Thursday by ScottishPower’s demolition contractor…
Longread
Reader question: Which monopoly activities in the energy sector are in line for most change?
by New Power •
We asked five questions addressing how the public and private sector, and regional and national bodies, can work together to help the energy sector become more distributed, greener, smarter and more flexible. Why? Because utilities and utility regulation are facing…
Flash update
CfD registrations open
by New Power •
The registration process for the Contracts for Difference Third Allocation Round has now opened, the EMR Delivery Body has announced. The registration is in preparation for the upcoming auction round which is due to open by May 2019. The EMR…
Flash update, News
Capacity Market T-1 auction set for June
by New Power •
A Capacity Market Auction will be held on 11-12 June for delivery year 2019/20, BEIS has announced. Prequalified companies who do not wish to take part have to notify the EMR Delivery Body over the next two weeks.that they will withdraw.…
News
Ofgem sets out tougher regime for energy suppliers
by New Power •
Ofgem has promised new tests for companies who want enter the energy retail market, to be applied from June this year, and has promised to follow up with a more testing regime for existing suppliers. Ofgem said new applicants will…