National Grid’s operating profit was £4,096m in 2015-16, up £233m (up 6%) compared with the previous year at actual exchange rates, according to the firm’s annual results. The company said that its interconnector with France had helped boost it’s earnings…
Flash update
CCS could have important role post-2050, says new report
by Annabel Andrews •
Carbon capture and storage (CCS) could play an important role in the energy mix in the second half of the century, according to a new report from the Sustainable Gas Institute at Imperial College, London. In its new white paper, Can…
News
SSE plans broadband and boiler-service offerings to halt customer slide
by New Power •
SSE has announced plans to sell up to a third of its 50% stake in gas distribution network business SGN. The company said it was likely to return the cash to shareholders. In results for FY2015/16 SSE said customer energy…
News
Centrica acquires CHP business for new distributed energy division
by Annabel Andrews •
Centrica has bought a combined heat and power supplier and operator, ENER-G Cogen, for £145 million. Centrica said the business will form part of its new international distributed energy and power business. ENER-G Cogen has over 30 years’ experience delivering end-to-end…
Flash update
Generators to queue until April 2017 for feed in tariffs
by Annabel Andrews •
Feed In Tariffs (FITs) for anaerobic digestion (AD), standalone PV solar and wind installations between 100 and 1500kW have been so in demand that installations are now queued to the first or second quarter of 2017. The quarterly spending caps…
Perspective
NEA: Energy efficiency should be a national infrastructure priority
by New Power •
Peter Smith, head of policy research at National Energy Action, says we have the biggest policy gap on energy for more than three decades and that action is needed On 14 April, the National Audit Office (NAO) reported that since…
Longread
From the archive: RSPB challenge adds to uncertainty for offshore wind farms seeking a CfD
by New Power •
Neart na Gaoithe has initiated a CFD dispute, according to the Low Carbon Contracts Company, which terminated the wind farm’s Contract for Difference on 29 March From the February 2015 issue of New Power: New uncertainty has been created around the…
News
DONG to launch IPO on Nasdaq Copenhagen “this summer”
by Annabel Andrews •
Danish utility and offshore wind developer DONG Energy has announced it will launch an Initial Public Offering (IPO) of its shares on Nasdaq Copenhagen. The partially state-owned company said the IPO could be launched for a listing in summer 2016, barring…
News
Good Energy signs deal with ITM Power to fuel hydrogen car refuelling stations
by Annabel Andrews •
Renewable electricity company Good Energy has signed an agreement to supply power for the production of hydrogen fuel at ITM Power’s hydrogen car refuelling stations. Juliet Davenport OBE, founder and chief executive of Good Energy said: “At Good Energy we’re proud…