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What is New Power?

New Power is a specialist report for anyone with an interest in the UK energy industry. We look in-depth at all the issues that have to be addressed to rebuild our industry – moving from a our centralised high-carbon power system to one that will provide heat and power securely, affordably and with minimal carbon dioxide emissions.

Why do you need New Power?

The UK energy sector is beginning unprecedented change. Over the next 20 years, more than 40GW of power generation capacity must be built to replace our ageing fossil fuelled and nuclear power stations. It is estimated that more than £100 billion will be spent on plant and related infrastructure – faster build-out than ever before. Our in-depth analysis, news and industry tracking data is your key to unlock this complex and fast-changing industry.

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News

Ovo hikes electricity price following commodity cost rises

by New Power • November 22, 2016

Ovo has announced a hike in its Pay Monthly Simpler (variable) tariff with effect from 10 January 2017. The company said it was “due to a steady increase in wholesale commodity costs for both electricity and gas.” It said, “Since…

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News

Feed in Tariff queue stretches to second quarter of 2018

by Annabel Andrews • November 22, 2016

Generators seeking a Feed in Tariff subsidy for some wind installations will have to queue until the second quarter of 2018, according to new figures released today. The latest information from Ofgem showed that there are currently 52 generators applying for…

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News

Greencoat Wind raises £147m in share issue

by Annabel Andrews • November 21, 2016

Renewable infrastructure fund Greencoat UK Wind has announced gross issue proceeds of £147m after an oversubscribed capital raise. The firm, which invests in operating UK wind farms announced the second issue of its share issuance programme on 25 October. Today,…

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News

Three new interconnectors to be allowed ‘cap and floor’ guaranteed return

by New Power • November 20, 2016

Ofgem has agreed that three projects submitted in its interconnector ‘application window’, which closed on 31 October, are eligible for the ‘cap and floor’ regime. The regime provides a guaranteed return for the project from electricity consumers’ bills, but caps…

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Flash update, Longread

‘Emerging’ power technology? Act today to avoid new grid response requirements

by New Power • November 17, 2016

Today is the deadline for companies developing new power technologies to apply to be classified as ‘emerging technologies’ and avoid strict new requirements on how they interact with the grid and provide grid services. Ofgem’s information for emerging technologies applying…

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News

Triple hit for ‘car park’ diesel fleets as Capacity Market auction approaches

by New Power • November 17, 2016

Three major changes are expected to drive small plant – especially new ‘car park’ diesel fleets – out of the upcoming Capacity Market auction and benefit new large gas turbines. The first, aimed directly at small diesel farms, will place…

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News

Imperial College London analysis shows system integration costs of renewable generation are low

by Annabel Andrews • November 16, 2016

A new E3G report based on analysis from Imperial College London lays to rest the argument of a preventative ‘hidden’ cost of renewable power, as investment in grid flexibility lowers the final costs for the grid and for bill payers. Imperial College has…

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News

First power produced by MeyGen tidal power array

by Annabel Andrews • November 15, 2016

Atlantis Tidal’s MeyGen project site in the Pentland Firth, Scotland, successfully produced power for the first time this week. When fully completed, the project is set to be the world’s largest free stream tidal power project. The turbine, supplied by Andritz Hydro…

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News

E.On completes foundation installation at Rampion on schedule

by Annabel Andrews • November 15, 2016

E.On is celebrating after completing installation on schedule for the 116 turbine foundations at the Rampion Offshore Wind Farm. Work to install the first foundations began in early February and was put on hold during the Black Bream spawning season between mid-April and…

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Coming up in New Power:

DATA offshore wind power project monitor;
ANALYSIS cash-out reform and its interactions; looking forward to IED
Further out, we'll be looking into constraint costs and the capacity market – contact us if you have comment

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