It is in the EU and Britain’s best interests to work together on energy policy once Britain has left the EU, Chatham House said in a new report, Staying Connected: Key Elements for UK–EU27 Energy Cooperation After Brexit. Strong energy cooperation…
News
Good Energy launches bond to raise £10 million to expand into storage and electric vehicles
by New Power •
Good Energy has launched its second corporate bond. It wants to raise £10 million (with an over-subscription maximum of £20 million). Its first bond was launched in 2013. The new bond will have an initial four-year term and investment can…
News
Innasol teams up with Mercedes Benz Energy to offer domestic storage batteries
by Annabel Andrews •
Innasol has signed a deal to distribute, service and maintain Mercedes Benz Energy’s domestic energy storage products in the UK. Innasol has already trained 50 installers to install Mercedes Benz Energy domestic batteries at the Innasol Academy in Essex. Those installers will…
Longread
Demand Turn-Up: has procuring less than planned “killed it before it got going”?
by New Power •
Demand Turn-Up has been “killed before it got going”, an industry member told New Power after the results of National Grid’s fixed tender for the service were announced. In the tender, 138.6MW of fixed volume was accepted from tenders totalling…
Flash update
Industry code bodies – download our quick guide
by New Power •
Download our quick guide to industry codes and code administrators: Code bodies – a summary Join the debate: Code adminstrators facing major industry change call on Ofgem for leadership For industry codes, form should follow function and the customer comes…
News
Gas engines ‘could be transplanted overseas’ despite Capacity Market penalties if Triad benefits are not grandfathered
by New Power •
So-called car-park generators could walk away from capacity market (CM) contracts if regulator Ofgem goes ahead with plans to cut Triad payments – and that could include dismantling and exporting plants that have already been built, New Power has been…
News
Industry warned to get ready for Project Nexus Go-Live
by Annabel Andrews •
Ofgem has warned the entire energy industry has to be ready for Project Nexus Go-Live this month. Project Nexus is the implementation of new business processes for gas settlement reform and the single service provision for all gas transporters. The system will cover…
News
Renewables subsidy cuts send energy entrepreneurs to battery storage, says SmartestEnergy
by Annabel Andrews •
Growth in independent renewable projects has flatlined in the wake of deep and sudden subsidy cuts, according to SmartestEnergy’s fifth annual Energy Entrepreneurs Report, released today. Energy entrepreneurs outside the traditional electricity supply sector are now turning to the storage sector as…
News
Nissan and Eaton combine to launch domestic storage product
by New Power •
Nissan has joined forces with Eaton to launch a domestic energy storage product, known as xStorage, that can use recycled lithium ion batteries. The storage is expected to be used by consumers with rooftop PV to maximise returns from feed-in…