The UK Regulators Network (UKRN) has set out how it will respond to emergency situations that affect more than one regulated sector, such as a storm that knocks out energy, water, rail and telecomes networks. The plan, published today, sets out…
News
With investor confidence down, is it time to re-open EMR? Expert poll says yes – what’s your view?
by Annabel Andrews •
What’s your view on Electricity Market Reform? Give us your view (anonymously) in our quick poll Surveyed in January, members of New Power’s Expert Forum were exasperated by the complexity of the measures and found the package was failing to…
Flash update, News
Carbon capture “only useful for mitigating industrial emissions”
by Annabel Andrews •
Carbon capture and storage (CCS) is unlikely to significantly reduce emissions from coal-fired power stations, according to the Smith School of Enterprise and Environment at the University of Oxford. In its report on stranded assets in the coal industry, the…
Flash update, News
Demand response capacity to receive £27.50/kW/yr following Transitional Capacity Market auction
by Annabel Andrews •
Following the first Transitional Capacity Market auction 803MW of demand response capacity is set to receive contracts at a price of £27.50/kW/yr, according to provisional results from National Grid. The delivery year is 2016/17. Some 1,110.28MW of capacity entered the…
News
Centrica reorganises UK business
by Annabel Andrews •
Following a strategic review last year, Centrica is reorganising its UK business into two “business units”, called UK Home and UK Business. These business units will mainly operate under the firm’s British Gas brand and replace the three former businesses, British…
News
European Investment Bank earmarks €200 million annual spend for energy efficiency projects
by Annabel Andrews •
The European Investment Bank has earmarked €200 million per year for for energy efficiency projects as part of its Private Finance for Energy Efficiency (PF4EE) initiative. This initiative promotes financing for energy efficiency projects and provides advisory support. PF4E was launched in…
News
Energy complaints up 23 per cent since 2014
by Annabel Andrews •
Ombudsman Services: Energy today publishes said energy company complaints increased to 65,168 in 2015 compared to 52,937 in 2014. The ombudsman said: “The figures follow a turbulent year for the energy industry, with mounting consumer dissatisfaction, market investigations and Ofgem-imposed…
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Energy storage crucial for a low carbon energy system, says Renewable Energy Association
by Annabel Andrews •
Energy storage could help lower energy costs, ensure security of supply and increase penetration of variable renewable generation, according to a new report by KPMG for the REA. Recent substatial reductions in the cost of energy storage mean that large…
News
E.On cuts gas price by 5.1 per cent and claims Britain’s cheapest energy tariff
by Annabel Andrews •
E.On has announced a 5.1 per cent reduction in its standard gas price. All four of its dual fuel tariffs will be reduced. The company said the move made its new one year fixed dual fuel product the cheapest on the market…