The government should only build a nuclear power plant at Wylfa Newydd if the strike price is below that agreed for the Hinkley Point C and competitive with onshore wind, the Welsh Affairs Committee said in a report published today. It also said the…
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Drax winds down coal plant spend
by New Power •
Drax saw pre-tax profit fall by £50 million in the six months to 30 June, compared to 2015. The removal of Levy Exemption Certificates and deteriorating commodity markets were to blame, the company said. The effect had been mitigated by…
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Scottish MPs criticise UK government for putting Scotland’s renewable energy industry at risk
by Annabel Andrews •
Recent changes in Government renewable energy policy have created uncertainty that could threaten the industry’s prospects for further growth, the Scottish Affairs Committee said in a report published today. The report, which looked at the renewable energy sector in Scotland,…
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Hinkley Point C decision ‘next week’
by New Power •
EDF has called its board members to a meeting on 28 July to take a final investment decision on Hinkley Point C. The meeting follows a 4 July meeting with EDF’s works council, after which EDF said it reconfirmed its…
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Does your DNO live up to its promises on connections? Ofgem seeks answers
by New Power •
Distribution network operators (DNOs) could face fines if they have not provided a good service to companies who want to connect to the network and now Ofgem has asked customers to give their views on DNOs’ performance. Ofgem explains that…
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SSE sells street lighting PFIs
by New Power •
SSE has sold its interest in three public financing initiative (PFI) street lighting entities to a DIF Infrastructure fund. The sale is expected to make £130 million and will conclude SSE’s two-year £1.1 billion programme to reduce debt and raise…
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Green Deal “was not fit for purpose”, says Public Accounts Committee MP
by Annabel Andrews •
The design and implementation of the government’s Green Deal and Energy Company Obligation put public money at risk and led to minimal CO2 savings, the Public Accounts Committee said today in a new report. In its new report, the committee concludes take…
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MPs oppose CMA remedy: lifting curbs on switching sites could hit new energy suppliers
by New Power •
MPs have written to Greg Clark, the new secretary of state for business, energy and industrial strategy, to urge him not to go ahead with plans to make it easier for switching websites to hide some deals from users. The…
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France’s nuclear bailout faces Commission probe
by New Power •
The European Commission has opened an in-depth investigation to determine whether France broke State Aid rules when it brokered a €4 billion bailout for Areva, the company due to supply the reactor for EDF’s Hinkley Point C project. Areva is…