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…
News
Wind generators to queue until second quarter of 2019 for uncertain Feed in Tariff rate
by Annabel Andrews •
Generators seeking a Feed in Tariff subsidy for some wind installations will have to queue until the final quarter of 2019, according to new figures released by Ofgem. The latest information from the regulator showed that there are currently 48…
News
Centrica blames “increasing costs of energy policy” for 12.5% electricity price hike
by Annabel Andrews •
Centrica has said it will put up it’s standard tariff electricity price by 12.5% from mid-September, while its gas price will remain the same. This will see an average annual dual fuel bill for a typical household on standard tariff…