Ofgem has dramatically cut the level at which it allows energy networks to recover the costs of financing their networks during the next price review period. From 2020/21 energy networks will have an assumed cost of equity of 4% (subject…
Editor's blog
SSE and Npower and the failed merger: devil in the detail
by New Power •
The merger between retail functions at SSE and Npower has failed and maybe that’s no surprise. It’s perhaps the worst time for a merger of the industry’s big players – no matter how much both the players want the chance…
News
Hitachi signs deal to acquire ABB’s power grid business
by New Power •
Hitachi has signed a long-discussed plan to acquire ABB’s power grids business. Hitachi plans to initially acquire an 80.1% stake in the business and expects to close the acquisition in the first half of 2020, making Power Grids a consolidated…
News
SSE Npower retail merger falls through
by New Power •
Plans for a merger of Npower’s retail business and the domestic supply business of SSE Energy Services have fallen through. SSE said the merger is “not now in the best interests of customers, employees or shareholders to proceed with the…
News
Northumbrian Water teams with Argonaut for battery flexible power
by New Power •
Argonaut Power, Ingenious’ flexible energy platform, and Northumbrian Water are to pilot the use of large scale battery storage the water company’s sites across the North East, Essex and Suffolk. The batteries are ‘second life’ li-ion units recovered from Renault…
News
Electricity North West to offer DSR services to businesses with GridBeyond deal
by Annabel Andrews •
GridBeyond and Electricity North West (Construction and Maintenance) have formed a new partnership to offer enhanced Demand Side Response (DSR) and intelligent energy service technologies to business customers in the North West of England. Wayne Muncaster, UK Managing Director at…
Longread
From New Power Report: AMP invests in standby power
by New Power •
Most of Aggregated Micro Power’s (AMP’s) business has in the past specialised in biomass boilers, and acquisitions in recent years enabled it to take charge of the supply chain for fuel, and to staff operation and maintenance for those plants.…
News
National Grid Gas tries to see into future as new users test gas network operability
by New Power •
The gas system operator has asked for more information from users about gas use in future, as it tries to maintain gas pressures in the system. National Grid Gas has warned in recent ‘operability’ documents that it may not be able…
News
Tempus Energy chief: Capacity Market auctions will have to be re-run
by New Power •
It is misleading for climate change minister Claire Perry to tell Capacity Market (CM) participants that payments under CM contracts will resume, according to Tempus Energy founder Sara Bell. CM contracts were suspended and payments halted after the European Court…