The Capacity Market’s ‘pay as clear’ auction format means consumers end up over-paying for the plant secured, according to Inenco. The company made the claim in response to a National Audit Office finding that consumers would over pay by £100…
News
Green finance collapses: government must act now to plug growing gap, says EAC
by New Power •
There has been a “dramatic and worrying collapse” in low-carbon investment since 201, says the Environmental Audit Committee (EAC), and it threatens the UK’s ability to meet carbon targets. The Committee said the government must “urgently plug the policy gap”.…
News
PAC hits out at BEIS over RHI’s ‘woefully low’ take-up and lack of financial and air pollution controls
by New Power •
There has been “woefully low” takeup of the Renewable Heat Incentive (RHI) scheme run by the Department for Business, Energy and Industrial Strategy (BEIS), says the Public Accounts Committee (PAC), and it has failed to provide value for money by…
News
Anesco to step up battery investment
by New Power •
Anesco is on track to more than quadruple its operational battery portfolio by 2020. The company claims a 22% share of all operational utility scale storage units in the UK and 47% of the non-EFR capacity. Now it plans to reach…
Longread
Legislation outlawing data flows between gas and electricity System Operators ‘not fit for purpose’ as cold snap tests interaction
by New Power •
Fully separating National Grid’s electricity system operator (ESO) functions from the transmission owner has thrown into relief the different approach taken over gas, and the limits to information flow between the two parts of the energy system at times of…
News
London set to launch tender for dedicated energy supplier
by New Power •
London Mayor Sadiq Khan is set to launch a tender this week for a new energy company to supply Londoners. The initiative is part of the London Environment Strategy, published last week, which includes carbon budgets aiming to reduce the amount of greenhouse gasses…
News
Proposal over EV charging control sets DNOs at odds with new flex market
by New Power •
Network company SSEN has put forward proposals that would allow distribution network operators (DNOs) to halt vehicle charging in the event of stress on the local grid. The proposal was seen by companies speaking to New Power as likely to…
News
Chinese power company plans €9 billion takeover of Portuguese utility
by New Power •
Power company China Three Gorges has announced a cash tender offer for Energias de Portugal (EDP). The Chinese company already owns 23.27% of EDP. The total tender offer value is equal to €11,848 million for 100% of EDP’s share capital and to…
News
Cadent plan would see a fifth of gas in northwest replaced with hydrogen
by New Power •
Gas network company Cadent has announced ambitious plans to begin sourcing and using hydrogen as a replacement for natural gas. The HyNet project is 30-year, £900 million, plan centred on a new production facility, probably located in Cheshire, that would…