The BSC (Balancing and Settlement Code) panel has recommended that Ofgem approve a modification that would allow Capacity Market levies to be collected from suppliers, and held I escrow until the future of the CM becomes clear. The regulator has…
News
Ofgem wants more evidence on real-time electricity pricing to plan move to half-hourly settlement
by New Power •
Ofgem wants more information about how consumers might react to the option of using real-time energy pricing, to build its business case for moving to half-hourly settlement for all customers and decide when and how to make the change. Wholesale…
Perspective
OPINION: The Capacity Market must change – but it is too important to abandon
by New Power •
Lawrence Slade argues that the Capacity Market is a necessary measure to maintain both supplies and investor confidence. The current hiatus should be seen as an opportunity for reform – not the end of the measure The winter blackout…
News
Networks to standardise paperwork for electric vehicle and heat pump installers
by New Power •
Network operators have launched new reforms that will cut the paperwork required for connecting electric vehicles (EVs) and heat pumps to the grid. Recent National Grid projections show that the number of EVs on our roads could reach up to…
News
Blackrock sells wind and solar projects to Equitix
by New Power •
BlackRock has sold five operating wind farms and one operating solar project to Equitix Investment Management. All began commercial operations between 2010 and 2015. BlackRock said it had brought the projects through construction and early stage development and optimised the group’s debt…
Editor's blog
The game changer
by New Power •
Volkswagen has decided to enter the electricity supply market, initially to charge electric vehicles – supplying both the ‘fuel’ and the infrastructure – but soon as an electricity supplier in its own right. This could be the game-changer the electricity…
News
Lords: urgent need for infrastructure bank to plug gap in funding, as Brexit splits UK from EIB
by New Power •
Peers have called on the government to move quickly to plug gaps in investment in UK infrastructure, including key energy projects, as a result of Brexit. Lending from major European institutions has plummeted since the referendum and article 50 was…
News
Utilita picks up Our Power’s domestic customers
by New Power •
Ofgem has appointed Utilita Energy to take on Our Power’s 31,000 domestic customers under its ‘supplier of last resort’ process after the Scottish energy company ceased trading. Ofgem said Utilita was chosen after a competitive process. The regulator said that in…
News
Haven Power and GridBeyond announce partnership
by New Power •
Supplier Haven Power and demand side flexibility provider GridBeyond have announced a new partnership aimed at helping business customers trade the power they produce and participate in demand side response. Haven Power supplies renewable energy as standard to its customer base. GridBeyond’s platform powered…