The government must publish its Emissions Reduction Plan to restore investor confidence in the energy sector, according to a new report from the influential Energy and Climate Change Committee. The report contained the committee’s concluding thoughts on its last three…
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Abu Dhabi Investment Authority picks up Scotia Gas Networks stake from SSE
by New Power •
SSE has agreed to sell a 16.7% equity stake in Scotia Gas Networks to wholly owned subsidiaries of the Abu Dhabi Investment Authority (ADIA), for £621 million based on an effective economic date of 1 April 2016. SSE owns half…
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Capacity Market could bring forward 2GW of battery storage – and two new large gas plants
by New Power •
Batteries could provide almost as much storage as pumped hydro in four years time – if projects that have prequalified for the upcoming T-4 Capacity Market auction win contracts. Over 2GW of battery storage projects have prequalified to enter the…
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Capacity Market: BEIS cap on Enterprise-funded schemes ‘does not go far enough’
by New Power •
The government has not gone far enough to stop companies from accessing ‘double subsidy’ that allows them to undercut more beneficial technology in the Capacity Market, according to a report produced by Ecuity for UK Power Reserve. The government has…
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Community energy group celebrates solar-powered sewage success
by Annabel Andrews •
A celebration yesterday marked the first anniversary of community-owned renewable energy being used to treat sewage from Bodmin. Wadebridge Renewable Energy Network (WREN), South West Water (SWW) and Regen hosted the event at the 100kW solar array, which partially powers Nanstallon…
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Ofgem: temper overambitious ‘Gone Green’ assumptions to manage network spend
by New Power •
National Grid has placed too much weight on its ‘Gone Green’ Future Energy Scenario in the way it proposes to assess where the electricity network requires immediate reinforcement, regulator Ofgem said. It has asked the System Operator to look again…
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Bristol Energy plans renewable tariff after signing up local generators
by New Power •
Bristol Energy is set to add a renewable tariff to its offering. The company has signed power purchase agreements (PPAs) with a raft of local renewable energy sites and is looking for more. Managing director Peter Haigh told New Power…
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Ofgem launches Future Insights programme
by Annabel Andrews •
Ofgem has today launched its Future Insights programme with the first in a series of discussion papers exploring the transformation of the energy system over the coming decades. With the Future Insights programme, Ofgem is planning to develop a strategic…
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CMA consults on locational pricing for energy transmission losses
by Annabel Andrews •
The Competition Markets Authority is seeking views on its plans to introduce a locational pricing system for transmission losses. In its investigation into the energy market published in June, the CMA found that the absence of locational pricing for transmission losses…