Lightsource Renewable Energy wants to invest up to £600 million over the next five years in buying solar assets from households and businesses, to diversify its revenue streams. The company said it would offer owners of residential and commercial rooftop…
News
Manufacturers call on government to publish annual energy statement
by Annabel Andrews •
Britain’s manufacturers have called on the government to make a series of reforms, including re-instating the annual energy statement, as part of its commitment to an industrial strategy, amidst new survey evidence showing a lack of confidence in the future security…
News
Ovo pays £58,000 for service failings
by New Power •
Ofgem has agreed a redress package with Ovo Energy rather than take enforcement action over poor service. The supplier’s agents missed appointments with customers, or turned up late, and then failed to compensate them as required by Ofgem. The failings…
Flash update
Capacity Market auction: two new gas-fired plants and 1GW of new storage
by New Power •
The T-4 Capacity Market auction closed yesterday at a clearing price of £22.50. The price was slightly above that of the last two years, but well below the hopes of those who were looking for a level of at least…
News
Quad Gas Group consortium buys National Grid’s gas distribution networks
by Annabel Andrews •
The Quad Gas Group consortium that has agreed to acquire a 61% interest in National Grid’s gas distribution network (GDN). The consortium is made up of UK and international institutional investors, including International Public Partnerships Limited, Allianz Capital Partners, Dalmore Capital Limited, Macquarie Infrastructure…
Editor's blog
Time to leave energy ‘evolution’ behind and lead the revolution
by New Power •
I’ve heard government and industry talk about ‘evolution, not revolution’ so often in the energy and electricity industries. It’s time to admit it is the other way around. I think the ‘evolution’ idea is intended to make sure investors are…
Flash update
What are companies doing to address the energy skills shortage?
by New Power •
The energy industry faces a skills shortage, according to specialist recruitment consultant Utility People. The problem of attracting people with the right skills into the industry has been well known for many years. But now UtilityPeople believes the problem has…
News
British Gas Business to pay £4.5m penalty for failing to meet advanced meter deadline
by Annabel Andrews •
British Gas Business will pay £4.5 million redress to the Carbon Trust because it missed its deadline to supply some larger business customers through advanced electricity meters by April 2014. The company has also agreed to increased monitoring of its progress on…
News
Gaelectric sells 14 wind farms to CGN
by New Power •
Gaelectric has agreed to sell 230MW of wind energy assets on the island of Ireland to CGNEE Holdings, the renewable energy investment arm of China General Nuclear Power Group (CGN). The sale includes 10 operating wind farms totalling 184MW, and…