Welsh water company Dwr Cymru has ‘paused’ its hedging strategy for power purchasing and is reviewing the strategy for the period to 2030, because the cost of both hedging and power remain high. It is looking at opportunities to use…
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Downing diversifies as it acquires Merseyside grid support asset for £11M
by New Power •
Downing Renewables & Infrastructure Trust has signed an agreement to acquire Mersey Reactive Power, a UK-based, fully operational 200 MVAr shunt reactor, for £11.0 million. Completion is subject to Ofgem approval. The Merseyside asset became operational in May 2022 and…
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UKPN opens new flexibility tender in London and Southeast
by New Power •
UK Power Networks has launched its latest tender opportunity for organisations to provide electricity flexibility across London, the East and South East. The company, which recently launched a Distribution System Operator (DSO), aims to help free up almost 100MW of…
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Southern Water appoints Downing to install PV at 12 sites
by New Power •
Downing has been appointed by Southern Water to deliver 12 new solar PV projects across its sites. Downing will supply renewable energy from these projects to Southern Water’s water treatment facilities under long-term offtake agreements. The renewable energy and infrastructure…
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Consumers to wait an extra year to get benefits from smart meter rollout
by New Power •
Smart meter rollout and ‘half hourly settlement’ reschedules will mean it takes longer for consumers to get the benefits of their investment in the programmes and slow innovation on Net Zero. Plans to move electricity consumers to meter reading on…
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US pilot aims to make geothermal ‘a new thermal utility’
by New Power •
A US energy company has broken ground on a pilot programme described by one of the project partners as “the birth of a new thermal utility”. It will study whether a utility-scale networked geothermal system can be a viable and…
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E.On Next Energy pays £5 million in redress after customer service failings
by New Power •
Domestic energy supplier E.ON Next Energy Limited is to pay £5 million in compensation for poor standards of customer service, uncovered by an Ofgem review of the market. An Ofgem ‘deep dive’ review in 2022, focussed on customer service and…
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Ovo Energy offers new solar PV installation and tariff package
by New Power •
Energy supplier Ovo has launched a new OVO Solar package that includes installing solar panels and storage and a boosted Smart Export Guarantee (SEG) export tariff. Ovo Solar’s full package will include PV panels and batteries and a flat SEG…
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Glastonbury Festival to use Octopus wind, solar and battery in microgrid
by New Power •
An Octopus Energy wind turbine is being installed at Glastonbury Festival. Octopus has also installed solar panels and a battery to store the energy produced. The wind turbine and solar panels will supply clean energy to a microgrid which will…