The Hinkley Point C is not an economically attractive project for its investors, chancellor Philip Hammond suggested. In evidence to the Lords Economic Affairs Committee on Tuesday he said the deal had clearly been agreed, by French and Chinese nuclear…
Longread
New Power speculates: Who are the energy consumers of 2030?
by New Power •
Power and gas customers are switching utility in much greater numbers than ever before. At the same time, they can invest in their own power generation, or energy assets like electric vehicles. The options on energy are evolving very fast:…
News
Smartest Energy launches managed PPA for renewable generators looking for more return
by New Power •
SmartestEnergy is launching a trigger-based managed power purchase agreement (PPA), that will allow generators to take advantage of a rising market and protects them when prices fall. With a so-called ManagedPPA, SmartestEnergy traders will monitor the market on behalf of…
News
Centrica to offer ‘one stop’ energy shop for business customers
by New Power •
Centrica’s Distributed Energy and Power business has launched a ‘one stop shop’ for non-domestic customers. It aims to offer a single cloud-based portal that will give businesses visibility and control of their energy estate, including proprietary products from Centrica and…
Flash update
New offshore wind arrays offer power post-2022 at £57.50/MWh
by New Power •
Three offshore wind farms with a capacity totalling 3.2GW have won agreements in the government’s latest Contracts for Difference auction. The offshore wind prices – the largest wind farms as low as £57.5/MWh – undercut observers’ expectations. Predictions were mainly…
Editor's blog
Shiny! Let’s investigate options before we all dash to hardware again
by New Power •
Interesting notes from the Energyst’s survey on demand side response this week. Fully 85% of organisations polled had heard of Enhanced Frequency Reserve – a rather esoteric (to non energy geeks) offer from National Grid that is provided (at the…
News
Survey reveals major opportunities for demand side response
by New Power •
Three quarters of UK firms are open to providing demand-side response (DSR), according to an annual survey of 180 public and private sector organisations by The Energyst. The majority (66%) of those surveyed in Demand Side Response: Shifting the Balance…
News
GFG announces plans for wind farm dedicated to supply industrial businesses
by New Power •
The GFG Alliance has announced plans for a 178MW wind farm to be developed by related company Simec Energy. The 54-turbine £170 million investment at Glenshero in the Highlands will provide power for industrial schemes such as the GFG Alliance’s…
Longread
From New Power Report: energy issues in a switch to hydrogen gas
by New Power •
Plans for a large scale conversion of parts of the gas network are being tested by the H21 project in Leeds. But where does the hydrogen come from and how much energy is required to produce it? New Power Report…