Centrica announced today that it will raise £700 million by issuing around 350 million additional shares, a move that ratings agency Moody’s described as “a credit positive step”. The issue represents around 7 per cent of the company’s share capital. Centrica will place the shares…
Longread
Revised P2 standard could create a patchwork of electricity service levels
by New Power •
P2 revision: will it mean cheaper connections, or a slow and uncertain process?
Flash update
“Local markets are the future”, says Open Utility after peer-to-peer energy trial
by Annabel Andrews •
Tech company Open Utility have finished a six‐month trial of an online peer‐to‐peer marketplace for renewable energy, which allowed consumers and generators to buy and sell renewable energy directly. The trial was a collaboration between energy startup Open Utility and…
News
European Commission consults on post-2020 bioenergy policy
by Annabel Andrews •
A consultation on an updated EU policy on sustainable bioenergy for the period 2020-2030 closes next week on 10 May. The European Commission is asking energy market participants and other stakeholders to respond to an online survey. The Commission said it was…
Editor's blog
What is an engaged energy customer? And how many make a competitive market?
by New Power •
A competitive and innovative energy market depends on engaged customers who are ready to switch for better value, better service or better ideas. That need has been underlined by the Competition and Markets Authority (CMA) in its recommendations on improving…
News
Ofgem’s decisions should be transparent and open to appeal, MPs urge government
by Annabel Andrews •
The governments draft legislation on energy should be amended to ensure decisions the regulator makes are transparent and open to appeal, the cross-party Energy and Climate Change Committee has recommended in a report published today. The committee has been scrutinising the Government’s…
Flash update
ScottishPower chief says onshore wind must not be ‘subsidy junkies’ but work out framework for aging plant
by New Power •
Onshore wind must not be “a bunch of salivating subsidy junkies trying to beat on the government’s door trying to embarrass it into maintaining subsidies,” Scottish Power chief operating officer Keith Anderson told delegates at the All Energy Conference in…
News
Sustainable Marine Energy raises £4.5m investment for tidal array in Orkney
by Annabel Andrews •
Sustainable Marine Energy (SME) has moved its operational base to Orkney and will be connecting its first system to the grid at the European Marine Energy Centre (EMEC) over the coming months. This deployment will then be followed by a larger 240kW…
Longread
Project Nexus fears: new gas settlement system faces further delay
by New Power •
Ofgem has stepped in to take ownership of Project Nexus, the system that will underpin processes including settlement and meter registration for the gas supply industry, in an effort to keep the project on track. But the project looks unlikely…