Hans Ten Berg, Eurelectric secretary general, says electrification remains crucial to reducing carbon emissions and the EU ETS must be able to provide the right investment signals The Paris Agreement is a major landmark in addressing the global climate change…
Flash update
Eurotunnel takes sole ownership of ElecLink
by New Power •
Eurotunnel will take on sole ownership of the planned ElecLink interconnector. It has signed a conditional agreement with Star Capital under which Groupe Eurotunnel will acquire Star Capital’s 51% share of the project. ElecLink is developing a 1000MW high voltage…
Flash update
Dong Energy signs three to flexible balancing tariff
by New Power •
Dong Energy has so far signed up three large users to its Renewable Balancing Reserve product, which invites customers to provide demand response, and New Power understands others are in the pipeline. The offering was launched in February and it…
News
National Grid profits up by 6 per cent, fueled by strong performance from French interconnector
by Annabel Andrews •
National Grid’s operating profit was £4,096m in 2015-16, up £233m (up 6%) compared with the previous year at actual exchange rates, according to the firm’s annual results. The company said that its interconnector with France had helped boost it’s earnings…
Flash update
CCS could have important role post-2050, says new report
by Annabel Andrews •
Carbon capture and storage (CCS) could play an important role in the energy mix in the second half of the century, according to a new report from the Sustainable Gas Institute at Imperial College, London. In its new white paper, Can…
News
SSE plans broadband and boiler-service offerings to halt customer slide
by New Power •
SSE has announced plans to sell up to a third of its 50% stake in gas distribution network business SGN. The company said it was likely to return the cash to shareholders. In results for FY2015/16 SSE said customer energy…
News
Centrica acquires CHP business for new distributed energy division
by Annabel Andrews •
Centrica has bought a combined heat and power supplier and operator, ENER-G Cogen, for £145 million. Centrica said the business will form part of its new international distributed energy and power business. ENER-G Cogen has over 30 years’ experience delivering end-to-end…
Flash update
Generators to queue until April 2017 for feed in tariffs
by Annabel Andrews •
Feed In Tariffs (FITs) for anaerobic digestion (AD), standalone PV solar and wind installations between 100 and 1500kW have been so in demand that installations are now queued to the first or second quarter of 2017. The quarterly spending caps…
Perspective
NEA: Energy efficiency should be a national infrastructure priority
by New Power •
Peter Smith, head of policy research at National Energy Action, says we have the biggest policy gap on energy for more than three decades and that action is needed On 14 April, the National Audit Office (NAO) reported that since…