Ofgem has raised the price cap by £47/year for dual fuel customers, saying that wholesale gas and electricity costs have risen since the level was last updated in February. “This is mostly due to the global rise in oil prices feeding…
News
Solar investment fund raises portfolio to 691MW
by New Power •
Next Energy Solar Fund has acquired two portfolios of operating rooftop solar consisting of 282 assets, an overall installed capacity of 1.15MW. The first portfolio consists of 63 rooftop solar assets, seven of which are commercial and the remaining residential.…
News
Centrica picks up stake in EV fleet management platform
by New Power •
Centrica Innovations has announced a major investment in Driivz, an Israeli company offering end-to-end software solutions for electric vehicle (EV) charging. Centrica Innovations is integrating the Driivz platform into a new intelligent EV charging service offer for businesses from Centrica Electric…
News
Equitix takes on more renewables assets
by New Power •
UK infrastructure investor Equitix is to acquire a portfolio of social infrastructure and renewable assets from NIBC Infrastructure Partners. The portfolio includes 13 assets in the UK and Europe and, subject to closing conditions, will be acquired in a single transaction.…
News
Prysmian’s Wrexham factory to manufacture Hornsea Project Two cables
by New Power •
Prysmian has been awarded a multi-million pound contract to supply cables for Ørsted’s Hornsea Project Two offshore wind farm – set to become the world’s biggest. Over 300km of inter-array cables will be supplied by Prysmian Group, with 900km of cable cores…
News
West Sussex aims to expand clean energy interests
by New Power •
West Sussex County Council has awarded Anesco an operations and maintenance contract for solar farms and solar panels installed on domestic properties and commercial buildings across the region. The council is broadening its energy activities and has launched a not-for-profit domestic energy supplier,…
News
Npower fined £2.4 million for failing to give business customers advanced meters
by New Power •
Npower will pay a fine of £2.4 million after it failed to install advanced meters for electricity business customers. Suppliers had to install advanced meters at all their large business customers after 2009 and complete the rollout by April 2014.…
Perspective
OPINION: Beware the effect of a ‘hard’ Brexit on the energy market
by New Power •
Alex Harrison, partner at Hogan Lovells, sees little clarity yet on the UK energy industry’s interactions with the Internal Energy Market post-Brexit. Be prepared for a crash The UK government published its White Paper on the future relationship between the…
News
What’s your view? Consultation opens on architecture enabling local electricity markets
by New Power •
A revolution is happening in local electricity networks, as more local and domestic generation is connected, users start to generate and trade their own power, and new technologies such as electric vehicles and batteries are connected and used. Now the…