Ørsted has signed an agreement for the sale of transmission assets connecting the Burbo Extension offshore wind farm to the GB network to Diamond Transmission Partners Burbo Bank Extension Limited. The transmission assets include the onshore substation, export cables and the offshore substation. Offshore…
News
Centrica to test blockchain peer-to-peer energy trading in Cornwall local market
by New Power •
Centrica and LO3 Energy have announced a new trial of blockchain technology as part of a local energy market in Cornwall. Blockchain can provide a secure platform for consumers to buy and sell power. The project will see the technology used in…
News
WPD agrees cut in funding after slowdown in rail electrification
by New Power •
WPD has agreed to reduce the funds it collects from customers by £77 million, because of delays to rail electrification in its region. The electricity distribution network operator (DNO) was to use funding of £96 million to divert power lines…
News
Reopening electricity networks price control could cost more than it saves, says Ofgem
by New Power •
Ofgem has decided not to carry out a mid period review (MPR) of electricity network companies’ price controls. The decision means that local networks will continue under the current settlement, which governs the revenue they can collect from consumers and…
News
Public Accounts Committee raises ‘grave concerns’ over BEIS preparation for Brexit
by New Power •
The Public Accounts Committee has said it is ‘alarmed’ over the Department for Business, Energy and Industrial Strategy’s planning for Brexit. The PAC said that although BEIS’s work streams were among the most affected of any department, it has made little…
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Blyth to host five-year test programme for GE’s 12MW wind turbine
by New Power •
GE Renewable Energy and the Offshore Renewable Energy (ORE) Catapult have signed a five-year research and development agreement to test and develop next-generation offshore wind technologies. GE’s Haliade-X 12MW offshore wind turbine and existing Haliade 150-6MW will undergo testing at…
Flash update
Elexon offers online ‘dashboard’ to help prepare for cashout changes next winter
by New Power •
Ban Mac, market analyst at Elexon, invites readers to make use of the settlements company’s new ‘dashboard’ to prepare for next winter’s system cash-out price changes The way in which Elexon’s system price (cash-out price) is calculated is changing. Expect…
News
Northern Ireland’s renewables industry calls for ambitious long-term decarbonisation strategy
by New Power •
The Northern Ireland Renewables Industry Group (NIRIG) has published an energy strategy to decarbonise the energy sector by 2050. The group said Northern Ireland’s current Strategic Energy Framework has achieved rapid growth in low-carbon electricity and the signs point to reaching a target of 40%…
News
SSEN to work with Open Utility on DSO transition
by New Power •
Scottish and Southern Electricity Networks (SSEN) is to work with software company Open Utility, to learn from and participate in its smart grid platform. SSEN said in its evolution to a distribution system operator (DSO) it will create potential for peer-to-peer and…