Consumers will reimburse gas distribution networks (GDNs) up to an extra £100 million in the coming financial year because the high gas price has caused a jump in the bill for replacing gas ‘lost’ from the networks. Around 0.4% of…
News
BEIS opens £50M competition for new nuclear fuel capabilities
by New Power •
The government will increase support for new nuclear fuel production in the UK to £75 million, Energy and Climate Minister Graham Stuart has announced. Up to £13 million of the fund has already been awarded to develop primary conversion capability…
News
Gas smart meter data could help target efficiency measures
by New Power •
A project funded under the government’s ‘smart meter based, internet of things’ innovation stream will use gas smart meter data to improve household energy efficiency. The project, costing £35,550, will see N3rgy Data use Chameleon’s IHD7 smart meter in-home display…
News
Gas generator manufacturers to combine, anticipating shift to balancing role for gas
by New Power •
Two major Japanese suppliers of power generators have announced plans to merge their thermal power businesses in a joint venture, anticipating a strictly limited role for such plant in a decarbonised system. Mitsubishi Electric Corporation and Mitsubishi Heavy Industries expect…
News
Community Windpower threatens legal action over generation windfall tax
by New Power •
Community Windpower has threatened legal action against the government’s planned windfall tax on electricity generators. The Government’s new Electricity Generator Levy (EGL), due to come into effect on 1 January, is a 45% charge on so-called ‘exceptional receipts’ generated from…
News
RWE plans 600MW solar farm
by New Power •
RWE is to launch its solar business into the UK and has secured a capacity agreement with National Grid for a solar farm of capacity up to 600MW which could be operational by 2029. It said it has started early…
News
Bluefield acquires two operating solar farms
by New Power •
Bluefield Solar has acquired a 46.4MW operational solar portfolio from Fengate Asset Management, a leading North American firm specialising in real assets. The portfolio comprises the 39.3MW Raventhorpe plant in Scunthorpe, Lincolnshire and 7.1 MW Roanhead in Barrow-in-Furness, Cumbria. The…
News
Ovo Energy: moving the UK off-peak could save consumers £95M per month
by New Power •
Ovo Energy has announced that after the first month of its Power Move trial, participants have collectively saved over £22,000. It said if the behaviour of those customers was replicated throughout the UK it would mean a £95.4 million saving.…
News
Vattenfall increases capacity at Norfolk offshore site
by New Power •
Vattenfall has announced a step up in capacity for its Norfolk Offshore Wind Zone, with its construction taking place within existing plans. The capacity of the Norfolk Offshore Wind Zone will be increased by around 17 per cent to over…