The Competition and Markets Authority has promised ‘over 30′ changes in the energy industry to improve competition in what it described as “the most comprehensive investigation into the energy market since privatisation”. The changes will be accomplished via a combination…
Flash update
Referendum: what will be the industry’s first action following the vote for Brexit?
by New Power •
The UK has voted in favour of exiting the European Union. At 6am the result was around 52% in favour of Brexit, 48% against, and that was not expected to vary a great deal as final results come in. What…
News
UK’s idle gas-fired plants could be sold to Africa
by New Power •
Mothballed UK gas turbines could be exported to Africa, Silvia Stefini, gas product line leader, Europe, for GE’s Power Services business, told New Power. Exporting second hand engines “gives some value to an asset they no longer use,” said Stefini.…
News
Good Energy raises over £3.1million in oversubscribed share offer
by Annabel Andrews •
Independent energy supplier Good Energy has raised £3.1million and reported a significant oversubscription in its latest share offer. The company said the majority of the 2,000 individual applications were from Good Energy customers. Shares cost £2.08 each, with a minimum application value…
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Nestlé signs deal with Community Windpower to supply half its UK electricity
by Annabel Andrews •
A Community Windpower wind farm in the Scottish borders will power half Nestlé’s operations in the UK and Ireland when it is completed in 2017. This new deal, an initial 15 year partnership with Community Wind Power, will see a brand…
News
Decc opposes CMA remedies on nuclear CfD transparency, auction visibility
by New Power •
The Department of Energy and Climate Change (Decc) wants the Competition and Markets Authority (CMA) to rethink its proposed remedies in awarding Contracts for Difference for low carbon projects. Decc opposes the CMA remedies for both negotiated and auction-allocated CfDs.…
Flash update
Brexit would make business more difficult in the UK, says global turbine supplier GE
by New Power •
What does a Brexit look like for an international company working in the UK? Before the vote, New Power asked Silvia Stefini, gas product line leader, Europe, for GE’s Power Services business, if it would make life more difficult for…
News
Ofgem happy with SSE’s commitments to boost competition in connections business
by Annabel Andrews •
Ofgem is satisfied that legally binding commitments from SSE following the regulator’s investigation into the company’s behaviour hampered competition in the market for connecting new developments to SSE’s electricity distribution networks. Ofgem’s investigation identified competition concerns relating to SSE’s behaviour in providing…
News
Second Norway-GB interconnector awarded licence
by New Power •
Ofgem has awarded NorthConnect an interconnector licence for a 650km link to transmit power between Scotland and Norway. The 1400MW High Volage DC (HVDC) connection already has planning permission for an HVDC convertor station near Peterhead. Applications for the cable…