Northern Ireland could face further rises in energy bills because it faces a deficit in electricity production by 2021, according to a report by the Northern Ireland Affairs Committee. It is crucial that the North/South Interconnector between Northern Ireland and…
News
SMEs offered grants of up to £10k for renewables or energy efficient equipment
by Annabel Andrews •
A new fund launched by the Carbon Trust is offering small and medium businesses up to £10k to install energy saving technology, including renewables and batteries behind the meter. The Green Business Fund will provide direct funded support through energy assessments, training…
Editor's blog
Is hearing about smart meters more effective at energy saving than having one installed?
by New Power •
It appears that knowing about smart meters, and thinking about having one installed, is very effective at getting people to take action to monitor their usage and take action. In fact, according to new research published by Smart Energy GB,…
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Businesses call for faster renewables transition
by Annabel Andrews •
Two separate reports calling for a qucker transition to a renewable economy have been published by business leaders. In the first, launched by The Prince of Wales’s Corporate Leaders Group, companies warn that inconsistent, vague and unambitious EU policies are stifling investment and…
News
CMA outlaws ‘anticompetitive’ agreement between exchanges denied merger
by New Power •
The Competition and Markets Authority (CMA) has said it plans to halt closer co-operation between two commodity exchanges, Intercontinental Exchange (ICE) and Trayport. The CMA has already put the brakes on a merger of the two exchanges, saying it would…
News
Firms win Queen’s Awards for innovation in energy sector
by Annabel Andrews •
An emissions-reduction firm and an energy monitor company are among the businesses celebrating receiving a Queen’s Award for innovation. Winchester-based RJM International won an award for innovation in the design and manufacture of Ultra-Low NOx Burners for thermal-fired combustion plant.…
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Energy efficiency must be an industrial strategy priority, say engineering institutions
by Annabel Andrews •
Improving energy efficiency and resource productivity must be a priority in the government’s new industrial strategy, particularly in buildings and energy networks, according to a new report published today that summarises the engineering profession’s response to the government’s industrial strategy…
News
Macquarie-led consortium buys Green Investment Bank for £2.3bn
by Annabel Andrews •
The government has agreed to see the UK Green Investment Bank plc (GIB) to a consortium led by Macquarie, comprising Macquarie Group Limited (Macquarie), Macquarie European Infrastructure Fund 5 (MEIF5) and Universities Superannuation Scheme (USS) Climate change and industry minister Nick Hurd said…
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Is the Secure and Promote liquidity fix fit for purpose?
by Annabel Andrews •
Ofgem is reviewing the Secure and Promote licence condition, starting with a workshop on 2 May. In 2014, the regulator brought in the Secure and Promote Licence Condition, to try to address concerns about the lack of liquidity in the GB…