Banks Renewables, the renewable energy division of property and energy business the Banks Group, has completed an £82 million refinancing of seven of its existing wind farms across northern England, five of which were built using external finances and two…
News
Rail freight company signs green deal to power offices
by New Power •
Rail freight company DB Cargo UK has signed a three-year agreement with SSE Business Energy to provide renewable electricity for DB’s rail sites and offices. SSE Business Energy will supply all sites belonging to DB Cargo UK and will allow…
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National Gas & Power ceases trading – customers transferred to Hudson Energy
by New Power •
National Gas and Power Limited, a small non-domestic supplier with around 80 customers, has ceased trading. Ofgem has appointed Hudson Energy as supplier of last resort for the customers. Ofgem did not invite expressions of interest from suppliers other than Hudson Energy to become…
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New home battery system allows domestic customers to offer grid support
by New Power •
Powervault has launched a new domestic battery, Powervault 3, that works with Powervault’s GridFlex software, to enable homeowners to earn an income for supporting the grid when it is under stress. Powervault won a commercial flexibility contract with UK Power Networks earlier this…
Flash update
Industry governance: a golden opportunity?
by New Power •
The UK energy industry is undergoing huge change. In this thought leadership piece, Gemserv asks whether it is a ‘golden opportunity’ to transform industry governance. Join the debate:
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Isles of Scilly to be ‘smart power’ test bed
by New Power •
Consumers in the Isles of Scilly will receive smart power solutions and act as a test-bed for a smart flexible power industry, in a £10.8 million project led by Hitachi Europe. The Smart Energy Islands (SEI) project, part financed by…
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Heat networks should be regulated by Ofgem, says CMA
by New Power •
The Competition and Markets Authority (CMA) has decided heat networks should be regulated, and recommended that new powers be given to Ofgem to take on the role. Extending Ofgem’s remit to include heat networks would require new primary legislation to be…
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Offshore wind industry welcomes ‘ringing endorsement’ and 16GW project pipeline
by New Power •
The offshore wind industry has warmly welcomed plans announced by the Department for Business, Industry and industrial Strategy that Contracts for Difference auctions will be held every two years for ‘less established’ technologies – largely offshore wind and wind farms…
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Network review could see EV users offered higher-priced connection to guarantee peak-time charging
by New Power •
Consumers may have to pay for a bigger connection to the electricity network if they want to guarantee that they can charge vehicles at peak times. That could be one outcome of a planned review of network charging announced by…