Ofgem wants answers from electricity system operator (SO) National Grid on why it spent over three times its budget to procure additional contracts with suppliers of a specialist network service – Black Start – for 2016/17. The SO wants to…
News
Two weeks to apply for Good Energy’s £3.1 million share offering
by New Power •
Good Energy wants to raise £3.1 million in new funding and has launched a share offering. Shares will cost £2.08 each, with a minimum application value of £520. The company said it “anticipates most applications from existing customers, bondholders and…
News
Accelerate coal phase out, government told
by Annabel Andrews •
Phasing out coal will not undermine the security of the UK’s energy supply and could be achieved two years ahead of schedule, according to a new report from think tank Bright Blue. In its report, Keeping the lights on: security of…
Flash update
Dong closes IPO to retail investors
by New Power •
Dong Energy will close of its initial public offering to retail investors at 4pm (CET), it has announced. Retail investors can invest up to DKK 3 million (£310,000) and the aggregate demand now exceeds the expected allocation of offer shares…
Perspective
Opinion: Winter is coming… bringing a perfect storm for electricity system price rises
by New Power •
Phil Hewitt, director and founder of EnAppSys, warns that with tighter supply margins forecast for winter 2016/17, SBR arrangements are likely to force wholesale electricity prices even higher
Flash update
Project Nexus: Ofgem consults on up to six-month delay
by New Power •
Project Nexus go-live is set to be delayed. Ofgem is consulting on several future options for the new settlement system for the gas industry, which was due to go live on 1 October, but it is now likely to be…
News
Gaelectric announces financial close on 51MW of wind farms
by New Power •
Gaelectric, the renewable energy and energy storage group, has reached financial close on five wind farms in Northern Ireland. Debt of £67million, arranged through German bank, Nord/LB on an 18-year term, will be a major component of the total £74…
Perspective
Leadsom claims on Brexit bemuse energy industry
by New Power •
Energy minister Andrea Leadsom’s speech calling for a vote to exit from the EU got short shrift from members of the UK energy industry. It was described as ‘amazingly light on content’ by one industry member and there was surprise…
News
ABDA criticises government for lack of ambition on anaerobic digestion
by Annabel Andrews •
The government’s latest review of support for Anaerobic Digestion (AD) and micro-CHP will make it “even harder to deploy viable AD plants”, according to the industry body, the Anaerobic Digestion and Bioresources Association (ABDA). The consultation is seeking input on the…