Regulations to save energy intensive industries around £100 million a year in energy costs have been laid in parliament today. The government expects the new measures to benefit over 130 eligible energy intensive companies across the UK in sectors including…
Flash update
NuGen delays Moorside development consent application
by New Power •
NuGen, the joint venture company developing a new nuclear plant for construction at Moorside in Cumbria, is to delay application for a Development Consent Order for the project. The company had planned to make the application by the end of…
News
Offshore wind could contribute £2.9bn to UK economy by 2030
by Annabel Andrews •
The offshore wind industry could be worth as much as £2.9bn to the UK economy by 2030, according to a new report published by the Offshore Renewable Energy (ORE) Catapult. The economic Value of Offshore Wind: Benefits to the UK of…
News
Scottish Power signs up Actavo to deliver smart meters in the midlands
by New Power •
ScottishPower has signed up Actavo to help deliver almost a million additional smart meters across the Midlands over five years. Actavo will provide a full turnkey offering, to promote, generate and schedule appointments, manage and install smart meters. It will…
News
CMA rules out in-depth market investigation into price comparison websites
by Annabel Andrews •
The Competition and Markets Authority (CMA) has said will not escalate its study into digital comparison tools into a more in-depth market investigation. The competition authority said in an update that the remaining options are sufficient to remedy any issues that may be…
News
Inquiry announced as NDA’s decomissioning contracts collapse and it faces £12.5 million penalty
by New Power •
The Nuclear Decommissioning Authority (NDA) is to pay out £12.5 million to settle a dispute over how it awarded a £6.1 billion contract to decommission 12 closed nuclear power stations and separately terminate the contract awarded nearly a decade early.…
News
Profits up at Good Energy, fuelled by business and FiT customers
by Annabel Andrews •
Increased business volumes and FIT growth have helped Good Energy achieve a 39 per cent increase in earnings before interest, tax, depreciaton and amortisation (EBITDA). Announcing its unaudited annual results for the year ending 31 December 2016, the renewable energy…
Perspective
OPINION: a holistic approach is crucial to establishing the credibility of DSR
by New Power •
Robert Owens, VP asset optimisation at SmartestEnergy, argues that DSR providers must maintain standards to maintain confidence in this important new market With this week’s Transitional Arrangements auction clearing higher than expected at £45/kW, there is now a chance…
News
Gwynt y Mor Ofto told: no paperwork, no ‘exceptional event’
by New Power •
Gwynt y Mor OFTO, the company that owns and operates the link connecting the offshore wind farm to the GB network, has failed to convince regulator Ofgem that it should get revenue payments for a period while the link was…