Tim Emrich, chief executive of UK Power Reserve, warns that a piecemeal approach to changing the charging regime will damage investor confidence and could face legal challenge
News
Hinkley Point C decision: reactions
by New Power •
Jenifer Baxter, head of energy and environment, Institution of Mechanical Engineers: “This announcement is welcome and great news for the nuclear sector, however, it is important to note that this is not the end but merely a small step at…
News
Ofgem proposes to cap installation charges for prepayment meters
by Annabel Andrews •
Energy companies would only be allowed to charge £100 or £150 for installing prepayment meters (PPMs) under warrant if new Ofgem proposals released for consultation today go ahead. The proposals also include plans to ban PPM warrant installation charges for the…
News
RES blames subsidy uncertainty for cuts to UK workforce
by Annabel Andrews •
Renewable energy firm RES has said the closure of the Renewable Obligation together with uncertainty over onshore wind’s access to Contracts for Difference (CfD) means it will be cutting its UK workforce, with the onshore wind development team reduced in size.…
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IEA says global investment is shifting from oil and gas to low-carbon power
by New Power •
Global investment in the electricity sector reached a record-breaking $690 billion in 2015, according to new figures from the International Energy Agency (IEA), and there is a “major shift in investment towards low-carbon sources of power generation”. Low carbon capacity…
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Turbine for first commercial tidal array unveiled in Scotland
by Annabel Andrews •
Atlantis this week unveiled the first completed turbine for its MeyGen project at the Nigg Energy Park in Scotland. The project is set to be the world’s largest free stream tidal power project. The first fully assembled turbine, standing 15 metres tall and…
Flash update
Five on the shortlist to take on Burbo Bank Extension link
by New Power •
Five consortia have been shortlisted in a tender being run by Ofgem to own and run the £230 million transmission link to the Burbo Bank Extension offshore windfarm. The winning offshore transmission owner (Ofto) will receive a guaranteed revenue stream…
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Networks’ role in meeting social obligations could grow, says Citizens Advice
by New Power •
Energy networks could deliver social programmes such as domestic energy efficiency improvements in future, because pressure on network capacity and the shift to a more dynamic energy system will mean they engage directly with customers. That was one of the…
News
Hinkley a ‘well-designed transfer of risk’, says Hammond
by New Power •
The government will make a decision on Hinkley Point C nuclear plant by the end of the month, Chancellor Phillip Hammond told peers on the Economic Affairs Committee. He was asked whether the project could be described as a “well-designed…