British start up Myenergi has launched ‘Zappi’, a range of smart electric vehicle chargers intended to allow consumers to use green energy sources for transport. The EV chargers combine self-generated domestic energy with green energy from Octopus Energy. There are larger…
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Energy traders will require new EU registration in the event of a no-deal Brexit, says Ofgem
by New Power •
Market participants who want to arrange energy trades with or to EU member states will have to register with those states’ national regulators in the event of a ‘no deal’ Brexit, Ofgem has confirmed – but they cannot act now…
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Drax and Iberdrola, mid acquisition, agree to share £36M Capacity Market payment risk
by New Power •
Drax and Iberdrola have agreed a risk sharing mechanism over £36 million in Capacity Market (CM) payments for 1 January 2019 to 30 September 2019, which are uncertain after the ECJ set aside the Capacity Market and halted payments. In…
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Two more suppliers exiting the market as Ofgem names RO defaulters
by New Power •
Energy suppliers who have met their Renewables Obligation (RO) will have to make quarterly payments to make up a multimillion pound shortfall, Ofgem has announced. Some 14 companies still owed £58.6 million in RO payments at the ‘late payments’ deadline of 31 October. Of…
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New platform to run weekly FFR auctions, aiming to attract more suppliers
by New Power •
European power exchange Epex Spot and National Grid Electricity System Operator are developing a platform to host a firm frequency response auction trial in GB next year. The frequency response auction trial will be run every week for service delivery…
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Major EV charging trial covers 3000 vehicles
by New Power •
A three-year trial of commercial electric vehicles (EVs) has been given the green light by Ofgem. It will see up to 3,000 electric vehicles from Centrica, Uber and a large UK depot-based parcel carrier take to the road, supported by Scottish…
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Social Energy to offer domestic customers access to Balancing Market
by New Power •
New utility Social Energy says it is the first to win permission from National Grid ESO to aggregate domestic response, so it can be traded in the Balancing Market. The company plans to offer batteries to domestic customers and will…
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EfW plant acquired
by New Power •
Infrastructure investors Equitix and Iona Capital have acquired a £72 million energy from waste (efw) facility in Bridgwater, Somerset. The 7.75MW facility will process 100,000 tonnes of commercial and municipal refuse derived fuel (RDF) per annum, which would otherwise have…
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Ofgem announces winners of £46.8m network innovation funding
by Annabel Andrews •
Ofgem has awarded £46.8m funding to four projects as part of the regulator’s 2018 Network Innovation Competitions. Each year network companies submit bids for funding to develop and test new technologies or approaches which could help to cut the costs…