It the Capacity Market does not deliver large CCGT this year international investors could walk away, Intergen’s Mark Somerset warned New Power. In a wide ranging interview the independent generator’s vice president of development for the EMEA region said, “People look…
News
E.On blames policy costs for April tariff increase
by New Power •
E.On has blamed “increasing policy costs and other costs it doesn’t control”, for an average 8.8% increase in its standard variable tariff from Wednesday 26 April. It blamed the rise “in large part” on increases in “non-energy parts of the…
News
BEIS select committee “deeply worried” by carbon budget policy delivery
by Annabel Andrews •
The Business Innovation and Skills Committee has expressed concern about the gap between current energy policy delivery and the government’s ambition to meet future carbon budgets. In it’s first report on the government’s Industrial Strategy Green Paper, the group of MPs…
Longread, Perspective
OPINION: energy industry must prepare for customer power and technology shocks
by New Power •
Domestic and business customers, are about to become much more important drivers of change in the energy market, and in a decade they could be far more influential than utilities or central government. When they take up new technologies the…
Flash update
Smart energy suffers a ‘big blow’: industry responds to Ofgem’s Triad proposals
by New Power •
Ofgem’s announcement that it is ‘minded to’ dramatically cut Triad benefits for embedded generation came as no surprise to the industry, but nevertheless caused dismay. Industry comment: Tim Emrich, chief executive, UK Power Reserve: “We agree that reform is needed…
News
Six companies to tender for three offshore links
by New Power •
Ofgem has announced the shortlisted bidders to own and operate transmission links for three separate offshore wind farms. They are: Dudgeon: Balfour Beatty Investments, Equitix, Diamond Transmission Partners (Mitsubishi Corporation and HICL), Mari Energy Transmission, Transmission Capital Partners (International Public…
Editor's blog
Briefing: behind the embedded benefits discussion
by New Power •
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…
News
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…
News
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…