Regulator Ofgem has announced it is ‘minded to’ reduce the earnings embedded plant can harness from so-called embedded benefits. Janet Wood sets out the background to its document What are embedded benefits? Embedded generation charging is complex, such plant…
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Engie strengthens energy services offering with acquisition of Keepmoat regeneration business
by Annabel Andrews •
French multinational Engie has signed a £330m deal to buy the regeneration business of Keepmoat from TDR and Sun Capital. Keepmoat regeneration specialises in the design, refurbishment and upgrade of buildings and places, including zero carbon new homes, retrofitting high-rise accomodation and on-site…
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Take Brexit opportunity to rewrite energy from waste rulebook, says Policy Exchange
by Annabel Andrews •
Leaving the EU will give the government the full control of environmental policy for the first time in decades and the UK response should include a new waste and resource policy “which better suits the UK context”, according to a new…
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Ofgem ‘minded to’ cut payments to embedded generators
by New Power •
Ofgem wants to go ahead with plans to reduce the amount of financial benefits gained by so-called ‘embedded’ plant (small units attached to the distribution system) because they are not connected to the transmission system. In a ‘minded to’ position…
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Low Carbon and VPI Immingham combine to offer fast-response battery storage
by New Power •
VLC Energy has announced that two new battery projects will be connected to the grid by the end of 2017. The two energy storage plants – at Cleator in Cumbria and Glassenbury in Kent – were awarded contracts in National…
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Demand response providers face new Capacity Market challenge
by New Power •
As small-scale generators prepare for potentially big changes in their revenue from so-called ‘embedded benefits’, industrial and commercial customers who use backup generation to help provide demand response are also facing a financial challenge. Scottish Power has proposed tightening the…
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Energy switchers hit six-year high amid spring price hikes
by Annabel Andrews •
Some 7.7 million gas or electricity switches took place in 2016, according to new data from Ofgem. This is 1.7 million more switches than the previous year, a rise of 28%. This means switching rates last year reached their highest…
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Lords committee: hold competitive auctions for power generation capacity and make security of supply the priority
by New Power •
“Security of supply should be the first and most important consideration in energy policy,” the House of Lords Economic Affairs Committee says in its new report The Price of Power: Reforming the Electricity Market. The committee says “Intervention by successive governments…
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Offshore Wind Accelerator launches £2.4m project to cut cost of deep water foundations
by Annabel Andrews •
The Carbon Trust’s Offshore Wind Accelerator has launched a new £2.4m project aiming to cut deep sea offshore wind costs by improving foundation design. The three-year project, called Improved Fatigue Life of Welded Jacket Connections (JaCo), aims to cut the cost of offshore…