Centrica is to acquire Neas Energy for £170 million. Neas provides customers in six countries in Europe with a route to market and short-term trading optimisation services. The customers together have 2,500 windfarms, solar plants and combined heat and power…
News
Isle of Wight tidal scheme gets go-ahead
by New Power •
Perpetuus Tidal Energy Centre (PTEC) has received the go-ahead from the Marine Management Organisation for a tidal energy generation project off the Isle of Wight. The onshore part of the 30MW project was approved by the local planning authority last…
News
‘No case to investigate’ says Ofgem over E.On/Age UK tariff, but Charity Commission criticises partnership
by Annabel Andrews •
The charity Age UK has been criticised and told to make significant changes by the Charity Commission after an investigation into its controversial relationship with energy supplier E.ON. In February this year the Sun claimed OAPs were being overcharged when they signed…
Flash update
Carbon Trust launches £7m fund to reduce energy costs for small businesses
by Annabel Andrews •
The Carbon Trust has launched a new fund to enable small businesses across England, Scotland and Wales to replace energy inefficient equipment. The £7m fund is available to SMEs on a first come-first served basis, and will offer energy saving training,…
News
Community generator Mongoose plans to become an energy supplier
by New Power •
Community energy company Mongoose has announced plans to start an energy supply business, planned to launch before the end of the year. The supply business will be run in partnership with locally-run community benefit energy companies across the UK. “We…
News
Government pledges £1.9bn to protect data, systems and networks from cyber attacks
by Annabel Andrews •
The government has announced plans to spend £1.9bn to defend the UK’s data, systems and networks from cyber attacks. In the final report on delivery of its previous five year cyber security strategy (Cyber Security Strategy 2011-2016), the government said…
Flash update
Green Deal “increased costs without any meaningful benefit”, according to National Audit Office
by Annabel Andrews •
The National Audit Office today concluded that the Department of Energy and Climate Change’s (Decc) Green Deal has not achieved value for money. The scheme, which cost taxpayers £240 million including grants to stimulate demand, has not generated additional energy…
Longread
Is there a ‘big data’ future for energy suppliers?
by New Power •
Can energy companies take advantage of the opportunity that big data presents, or are they slow-acting incumbents that will be undercut?
Flash update
European Commission criticises member states’ capacity mechanisms
by Annabel Andrews •
“Unnecessary and badly designed capacity mechanisms can distort competition, hinder electricity flows across borders and lead to consumers overpaying for electricity,” that’s the verdict of the European Commission’s interim report of its inquiry into electricity capacity mechanisms. The report specifically studied…