New ownership arrangements for the four consented Dogger Bank offshore wind projects have been agreed and signed by the three Forewind shareholders. Offshore wind consortium Forewind has agreed and signed new ownership arrangements of the four consented Dogger Bank offshore wind…
News
BayWa r.e wins Good Energy turbine management contract, seeks more
by New Power •
BayWa r.e is to operate and maintain six solar farms owned by Good Energy. The solar farms have a combined capacity of 30 MW. They are: Carloggas, Cornwall – 8.30MW Woolbridge, Dorset – 4.99MW Creathorne, Cornwall – 1.84MW Rookwood, Wiltshire…
News
HMRC confirms 5% VAT for batteries installed with new household solar systems
by Annabel Andrews •
HM Revenue and Customs (HMRC) has confirmed that a 5% rather than 20% VAT will be applied on residential battery storage installations when paired with new solar PV systems. Currently, the 5% rate will only be applicable to a single indivisible…
News
Dieter Helm to lead independent review into energy costs
by Annabel Andrews •
Dieter Helm is to lead an independent review looking at how the energy industry, government and regulators can keep the cost of electricity as low as possible, while ensuring the UK meets its domestic and international climate targets. The review will…
News
Ofgem cuts PPM price cap, saying Capacity Market and wholesale costs have fallen
by New Power •
Just a week after British Gas announced a price hike for customers on its standard variable tariff, Ofgem has announced that the price cap for three million households on prepayment meters will be reduced from 1 October. The regulator said…
Perspective
OPINION: The UK can make good use of its strong position in the EU ETS
by New Power •
Mark Moriarty, chief operating officer at Commodity Management Services, argues that the UK’s large role in the EU ETS means it will still have influence in the bloc’s climate policy Brexit provides an opportunity for a re-examination of the UK’s…
News
Ofgem confirms National Grid must set up separate system operator company
by Annabel Andrews •
Ofgem has confirmed that National Grid should proceed with plans to set up a new legally separate company to carry out its electricity system operator function within National Grid Group. The electricity system operator (ESO) has a central role in…
News
Three companies on short list for wind farm links
by New Power •
Ofgem has published shortlisted companies bidding for the right to own and operate cables linking offshore wind farms at Galloper and the Walnet Extension to the onshore network. The same bidders were named in both shortlists for the projects. They…
Longread
Storage ‘should be defined as load, not generation’
by New Power •
Ofgem and BEIS have taken the wrong approach in defining storage as generation, according to Endeco chief executive Michael Phelan. In an interview with New Power Report Phelan said storage should have its own definition. But if it had to…