Ofgem has released details of Renewables Obligation (RO) late payments, that have been recovered from the administrators of suppliers which have gone bust. The regulator has distributed £3,773,813.39 to suppliers – a fraction of the £17,610,098.52 owed by the failed…
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Consumers paying £100M bill for GDN leaks and losses in 2021 after gas cost rises
by New Power •
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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…