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What is New Power?

New Power is a specialist report for anyone with an interest in the UK energy industry. We look in-depth at all the issues that have to be addressed to rebuild our industry – moving from a our centralised high-carbon power system to one that will provide heat and power securely, affordably and with minimal carbon dioxide emissions.

Why do you need New Power?

The UK energy sector is beginning unprecedented change. Over the next 20 years, more than 40GW of power generation capacity must be built to replace our ageing fossil fuelled and nuclear power stations. It is estimated that more than £100 billion will be spent on plant and related infrastructure – faster build-out than ever before. Our in-depth analysis, news and industry tracking data is your key to unlock this complex and fast-changing industry.

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News

Npower fined £2.4 million for failing to give business customers advanced meters

by New Power • August 2, 2018

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.…

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Perspective

OPINION: Beware the effect of a ‘hard’ Brexit on the energy market

by New Power • August 1, 2018

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…

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News

What’s your view? Consultation opens on architecture enabling local electricity markets

by New Power • August 1, 2018

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…

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News

Octopus Energy appointed new supplier for Iresa’s 90,000 customers

by New Power • July 31, 2018

Octopus Energy will take over Iresa’s 90,000 customers from 1 August.  Ofgem appointed Octopus under its ‘supplier of last resort’ mechanism after Iresa ceased trading earlier this week. Octopus Energy said it will honour outstanding credit balances, including money owed to…

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News

Ofgem plans for ‘competition proxy’ on Hinkley link could face challenge from National Grid

by New Power • July 30, 2018

National Grid may mount a legal challenge to Ofgem’s decision on how to finance and deliver a new transmission line needed to connect Hinkley Point C to the electricity network. The transmission network owner said, “We have previously raised concerns and will now review…

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News

Ofgem calls for panels members to take forward consumer data standard

by New Power • July 30, 2018

Ofgem is seeking participants in a project to develop a standard for data sharing and use in the energy sector. The regulator noted that better access to their own data would help consumers engage in the energy market. For example,…

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Editor's blog

Electric vehicle users will have choice under Ofgem’s new charging proposals. What about the fuel-poor?

by New Power • July 26, 2018

Ofgem’s proposed new charging regime for electricity networks hit the headlines this month because it suggested that electric vehicle users might be asked to pay more if they want to be guaranteed the right to charge the vehicle at peak…

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News

Ofgem seeks nominations for expert panel to assess Electricity System Operator’s performance

by New Power • July 26, 2018

Ofgem wants to recruit a panel of industry experts to monitor the performance of the Electricity System Operator, now being spun out of National Grid. The regulator says, “We want to pool the knowledge and experience of a wide array…

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News

Banks completed refinancing for onshore wind farms

by New Power • July 26, 2018

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…

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Coming up in New Power:

DATA offshore wind power project monitor;
ANALYSIS cash-out reform and its interactions; looking forward to IED
Further out, we'll be looking into constraint costs and the capacity market – contact us if you have comment

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