Bridget Woodman and Richard Lowes consider the decarbonisation of the UK’s heat sector – and the lack of political commitment to achieve it. Extensive, or even complete, decarbonisation of the heat sector is vital if the UK is to meet…
News
Comment by 26 October: how should the new Electricity System Operator be funded and incentivised?
by New Power •
National Grid’s Electricity System Operator (ESO) is seeking comment on its funding model for the future. The ESO is being spun out of National Grid and will have a separate regulatory framework. Unlike the remaining pipes and wires business, the…
News
EDF Energy to offer DSR income to business customers
by Annabel Andrews •
EDF Energy has paved the way for its business customers to access additional revenue streams traditionally associated with generators and large suppliers, after signing a deal with Upside Energy. Through the partnership, Upside Energy’s cloud-based platform will be used alongside EDF…
News
Eurelectric reiterates warning over ‘no deal’ for energy sector
by New Power •
The head of Eurelectric, the lobby group for electricity utilities in Europe, has called on the UK and EU to reach a deal on Brexit to avoid rising power prices, security of supply issues, and disruption to global energy trades.…
News
Drax acquires 2.5GW of generation from Scottish Power
by New Power •
Drax has acquired 2566MW of power generation and storage assets from Scottish Power parent Iberdrola, saying the assets represent a growing system support opportunity. It expects the bulk of income from the plant to come from non-commodity sources. Scottish Power said “We have…
News
GoCompare offers auto-switch option ‘Weflip’
by New Power •
Switching site GoCompare has launched its own auto-switching product, called ‘Weflip’, joining a handful of specialist companies. Customers can sign up to from today, Monday 15 October. The new service is powered by Energylinx, a GoCompare Group company that operates an…
Flash update
Usio Energy ceases trading
by New Power •
Energy supplier Usio Energy has ceased trading, and its customers will be taken on by First Utility. The company has around 7,000 domestic customers. Ofgem has appointed First Utility following a competitive process. First Utility is offering Usio Energy’s customers a…
News
Ofgem promises clarity on ‘market making’ future before cash-out price change
by New Power •
Ofgem has promised to provide clarity by November on whether it will maintain electricity trading arrangements that require large players to act as ‘market makers’ at two periods during the day. The market-making requirements was introduced as part of Ofgem’s…
Flash update
Thought leadership: CGI and New Power ask how to win value in fast-changing flexibility markets
by New Power •
The idea that, instead of selling kilowatt hours, market participants of all kinds could sell their flexibility remains new. In this new thought leadership report, CGI and New Power investigate how to win value in the fast-changing environment of power…