Ovo Energy and Good Energy have each agreed customer refunds and compensation totalling around £2 million, after failings in applying correct tariffs. OVO Energy informed the regulator in November that it had applied incorrect tariffs to some customers. It has…
News
UK’s ‘political instability’ and ‘unattractive regulatory regime’ raise concerns over infrastructure investment
by New Power •
The UK is becoming a less attractive destination for infrastructure investor funding, according to a regular survey published by the Global Infrastructure Investor Association (GIIA). The GIIA’s regular ‘Pulse’ survey said investment was becoming more difficult, with its investor members…
News
Three energy suppliers pay late compensation totalling £8M
by New Power •
Three energy suppliers have made compensation payments and additional redress totalling over £8 milllion after they missed or unduly delayed Guaranteed Standards of Performance compensation payments due to consumers worth £6,305,925. Over 100,000 customers were affected by these issues at…
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£70M investment in Kensa ground source heat systems could kick off new asset class
by New Power •
Octopus Energy’s generation arm and Legal & General Capital are to invest £70 million in the Kensa Group. The investment will allow Kensa, which manufactures and installs ground source heat pumps, to rapidly expand and install 50,000 ground source heat…
Editor's blog
FROM THE ARCHIVE: Lessons in regulation from ASA
by New Power •
From New Power in September 2019: This week The Advertising Standards Authority took a good look at claims that smart meters have environmental benefits. In response to complaints, it considered whether Smart Energy GB could stand up claims thata smart…
News
ASA to crack down on misleading green claims
by New Power •
ASA, the advertising standards body, has announced plans to crack down on ‘green’ claims made in adverts that do not stack up. In its annual report the body said “as the UK and other countries set ambitious targets to address…
News
Low Carbon wins £310M funding boost
by New Power •
Low Carbon has increased its existing solar PV construction facility by an additional £310 million with funding from ABN AMRO, ING, the Commonwealth Bank of Australia and Intesa Sanpaolo (IMI CIB Division. The finance facility announced today takes the total…
News
New grid connection turns Oxford depot over to electric buses
by New Power •
EDF Renewables UK and Oxford Bus Company, part of The Go-Ahead Group, have signed an agreement for the provision of an 8MW connection to Cowley bus depot, enabling the introduction of an electric fleet of buses for Oxford. With co-funding…
News
Seven low carbon heat projects win grant funding
by New Power •
Seven low carbon heat networks have secured grants from the Green Heat Network Fund (GHNF). Fund administrators Triple Point Heat Networks Investment Management said the projects have secured a £91 million share of the fund. Each of the networks have…