Morgan Wild, senior policy researcher at Citizens Advice, thinks it is time for Ofgem to re-examine its assumptions. Market comparisons justify lower returns and reduced cost allowances in the next RIIO period Energy networks are making bumper profits. Ofgem’s…
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Allow onshore wind to compete for CfDs to cut costs, say Baringa Partners
by Annabel Andrews •
A study has found that the UK could deliver 1GW of new onshore wind capacity at no additional cost to consumers over and above the long-term wholesale price of power, according to a new study from Baringa Partners. However, this depends…
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CCS research centre gets £7.6m funding boost
by Annabel Andrews •
The UK CCS Research Centre (UKCCSRC) has today been awared £7.6 million funding to extend its work for a further five years. The UKCCSRC has been awarded £6.1M by the Engineering and Physical Sciences Research Council (EPSRC) to continue its…
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New funding announced for low carbon and autonomous vehicles
by New Power •
Seven low carbon vehicle projects are set to share £62 million in funding from the Advanced Propulsion Centre (APC), the joint industry-government programme to put the UK at the forefront of low carbon vehicle technology. The projects are led by…
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E.On to develop airborne wind energy test site
by Annabel Andrews •
E.On has committed to invest in the development, and if successful, construction and operation of an airborne wind energy demonstration site in County Mayo, Ireland. In parallel, E.ON entered into a collaboration agreement with Ampyx Power as the first user…
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Government awards £24m funding for low carbon heat networks
by Annabel Andrews •
New government funding to help develop clean and efficient heating systems has been awarded to 13 local authorities across England, climate change and industry minister Nick Hurd announced. Nine of the winning authorities will receive a share of just over…
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Limejump joins Anesco in push to become UK’s largest battery storage operator
by New Power •
Anesco and Limejump have announced plans to create the largest portfolio of battery storage in the UK. The two companies plan to bring 185MW of energy storage online by the end of 2018 to participate in the capacity market, as…
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Tokyo Electric Power takes £500,000 stake in Moixa
by New Power •
Japanese utility Tokyo Electric Power has announced a £500,000 equity investment in Moixa Energy Holdings, the UK residential battery company. “We are excited to welcome Moixa to our modest, but growing portfolio of innovative startups,” said Hirokazu Yamaguchi, executive general…
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Brexit ambiguity worrying UK energy leaders, report finds
by Annabel Andrews •
Brexit has left the UK’s commitment to future sustainable energy projects uncertain, according to a new report from the World Energy Council think-tank, World Energy Issues Monitor 2017: ‘Exposing the New Energy Realities. The report found that UK’s decision to…