Sustainability First director Sharon Darcy argues that the regulatory framework for all energy network companies should include an explicit low-carbon incentive, and concludes that a qualitative approach with a quantitative element may be the best option at this point The…
News
Sembcorp acquires UK Power Reserve, plans ‘major expansion’
by New Power •
Sembcorp is to acquire distributed power specialist UK Power Reserve (UKPR) for £216 million. UKPR’s generating and storage fleet is spread across 32 locations in England and Wales. It has 533MW in operation with a further 480MW in construction and…
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Drax applies for planning consent to convert remaining coal units to gas
by New Power •
Drax has submitted an application to National Infrastructure Planning for its Repower gas generation and battery storage project. The company plans to repurpose Drax’s two remaining coal generating units (units 5 and 6) with up to 3.6GW of gas-fired power generation and…
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Vattenfall plans EV charging network across GB
by New Power •
Vattenfall is to begin installing ‘pay-as-you-go’ electric vehicle (EV) charging points in Great Britain that will be open to all EV drivers. From June, the company plans to partner with commercial developers, real-estate companies, industries, fleet owners and public bodies such as…
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Can Elexon crack open the energy ‘supplier hub’ model? Sign up to hear its proposals
by New Power •
Industry settlements company Elexon has suggested customers need no longer rely on a single electricity supplier to provide all their power (the so-called ‘supplier hub’ model). It has published proposals that could quickly allow customers to use several suppliers, for…
Editor's blog
Clean energy is the UK’s biggest Brexit opportunity
by New Power •
The Green Alliance hosted a debate yesterday, to ask the question: “how will climate ambition define Britain’s role as a global player in the 2020s”? Debate chair Evan Davis found few in the audience were optimistic about the UK’s role…
News
Think tank calls for zero emissions target
by New Power •
Conservative think tank Bright Blue has called on the government to mark ten years since the Climate Change Act by announcing this year a new legal net zero emissions target In a new report, Hotting up, the think tank says there…
News
RBS strengthens low-carbon funding policies
by New Power •
Royal Bank of Scotland (RBS) has decided to halt financing for power companies that generate more than 40% of their electricity from coal (down from a 65% limit) – one of a suite of changes in its financing policy that…
News
BEIS committee to probe government’s carbon capture strategy
by New Power •
The Business, Energy and Industrial Strategy Committee has launched an inquiry on carbon capture, usage and storage (CCUS) and efforts to kickstart this technology in the UK. It has invited written submissions (max 1500 words) to be submitted by 22 June. Committee chair Rachel…