Ratings agency Moody’s has warned it may downgrade Scotia Gas Networks’ (SGN’s) gas networks in the south of England and Scotland, after Ofgem said it would take a less generous approach in the five years from 2021. Southern Gas Networks plc…
News
National Grid awards £300M of contracts for Hinkley Point C connection
by New Power •
Three contracts together worth £300 million have been awarded by National Grid to supply major works for the Hinkley Seabank connection, a new transmission line needed to export power from Hinkley Point C. The new 400kV connection will comprise 48.5km of overhead line and…
News
Nemo link with Belgium starts day-ahead trading tomorrow
by New Power •
National Grid’s NEMO link will go into commercial operation on 31 January, and day-ahead trading on the 1000MW interconnector with Belgium will begin tomorrow, 30 January. But some products the market requested for the new Interconnector, notably trades for within-day…
News
IDNO Eclipse announces funding from Octopus Investments
by New Power •
Octopus Investments has signed a long-term funding deal with Eclipse Power, which will allow the independent DNO to expand. The multi-million-pound investment is Octopus Investment’s first in the network sector. Eclipse Power was founded in June 2015 and was granted a licence in…
Longread
What now for the Capacity Market?
by New Power •
When the European Court of Justice set aside GB’s Capacity Market (CM) in November saying it was illegal state aid, it took the industry entirely by surprise. Even those who were aware that the hearing had taken place, back in…
News
NAO: taxpayers will lose or repay £24 billion in tax as oil and gas decommissioning costs mount
by New Power •
Taxpayers could have to repay around £12.9 billion in taxes and forgo a further £11.1 billion of tax income over the next 20 years, because of the costs of decommissioning oil and gas installations, according to a new report from the National Audit…
News
Distributed Resources Desk aims to bring small-scale power projects into electricity market
by New Power •
National Grid’s electricity control room has introduced a new ‘Distributed Resource’ Desk to give instructions much faster to smaller generators, battery storage operators and demand side response providers. Staff on the Distributed Resource Desk focus entirely on optimising the use of…
News
Open Networks: discuss the future on 1 February and respond to the consultation
by New Power •
Energy networks expect a big increase in flexibility services markets in 2019, as distribution network operators include smart flexibility services as part of their day-to-day operations. The next steps in developing smart networks will be under discussion at a meeting on…
News
What’s your view of electric vehicles?
by New Power •
What’s your view on electric vehicles? New Power’s sister publication The Energyst is asking readers for their views. Its wants to understand how public and private sector organisations perceive EVs, whether they are considering implementing charging infrastructure and what their attitudes are towards…