The spin off of Ofgem’s ‘E-serve’ arm is likely to happen in 2018, “notionally in April”, Luke Hargreaves, head of renewables at the regulator’s administration body, told an Energy Institute meeting. He said he expected more information about the split…
Perspective
Despite Brexit, energy market participants must continue to be vigilant over Remit compliance
by New Power •
The UK has voted to leave the EU but until – and probably after – Brexit is accomplished it will not be able to avoid Europe’s ‘Remit’ regulations intended to keep energy trading transparent and fair. Energy market participants must continue to be vigilant over compliance
News
Hinkley Point C risks prompt Moody’s to downgrade EDF’s credit rating
by Annabel Andrews •
Ratings agency Moody’s has downgraded EDF’s ratings to A3/P-2 with a stable outlook. The rating related to EDF’s long-term issuer and senior unsecured ratings, which were formerly A2. The company’s perpetual junior subordinated debt ratings were downgraded to Baa3 from Baa2…
News
Northern Ireland to review renewable energy planning policy
by Annabel Andrews •
Northern Ireland’s infrastructure minister Chris Hazzard has announced a review of planning policies on renewable energy and countryside development, expected to be completed in 2018. Speaking as he announced the review, Infrastructure Minister Chris Hazzard said: “As Minister with responsibility…
News
Labour’s Barry Gardiner: renewable energy industry must be unionised
by New Power •
The renewables industry has to unionise and offer better conditions to its workforce, Labour energy and international trade shadow secretary Barry Gardiner said today. Speaking at a fringe event at the Labour Party conference, Gardiner said: “There is a problem…
News
UK Power Reserve bringing 60MW into operation
by New Power •
UK Power Reserve (UKPR) has made significant progress at three new power stations totaling nearly 60MW of capacity. The gas-fired generators at Bristol Road, Tonypandy and Carrington are part of UKPR’s 524MW development portfolio. The projects reuse previous gas work…
News
SmartestEnergy certifies carbon content of renewable electricity for its business customers
by Annabel Andrews •
SmartestEnergy is issuing 500 UK companies Energy Labels, which specify the source and carbon content of the clean electricity these companies buy. The labels are designed to boost the renewables industry and provide increased confidence to business consumers. The labels look like…
News
Number of energy complaints halved since 2014
by Annabel Andrews •
The total number of energy complaints has halved since 2014, but customers who make a complaint are less satisfied with how their supplier handles it compared to two years ago, according to Ofgem’s biennial complaints survey. The suppliers who came out worst…
News
Five National Grid sites to go up for auction
by New Power •
Five small sites owned by National Grid will be sold at auction on 11 October, agent BNP Paribas Real Estate has announced. BNP Paribas became National Grid Property’s Real Estate service provider in April this year in a three year…