Ofgem has suspended new policy development on improving liquidity in traded power markets. The regulator says that market monitoring since measures to improve liquidity were removed has revealed little or no loss of either ‘churn’ (the number of times power…
Author Archive for New Power
CMA tells water companies ‘manage your energy bills’ as it rejects option to recoup extra costs from customers
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A decision by the Competition and Markets Authority (CMA) will force major energy buyers in the water sector to take a more active approach to managing their energy costs. Energy represents 9% of water company costs and, according to Veolia, the sector…
Balancing services should be £/MWh and based on final demand – task force
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All final demand customers should pay grid balancing charges that are based on a set £/MWh basis, according to the Balancing Services Charges Task Force. The group, convened by National Grid ESO at Ofgem’s request, has spent two years working…
From the New Power archive: Wylfa Newydd
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In February 2019 New Power reported on the suspension of the Wylfa Newydd project: Horizon Nuclear Power has suspended its UK nuclear development programme, which was to have seen a new plant built at Wylfa Newydd on Anglesey in North…
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WPD and Ricardo to test DC option, aiming to hike EV charging capacity
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Western Power Distribution (WPD) has joined with Ricardo Energy and Environment to trial a new way of expanding capacity for electric vehicle charging, at a site in Taunton, Somerset. The DC Share project, which has received £4.7 million in funding…
Innova Energy adds solar farm supplying Coca Cola to dedicated corporate portfolio
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Innova Energy has acquired a 5MW operating solar plant in Wakefield, West Yorkshire, which supplies the largest soft drink bottling facility in Europe. The solar plant at the site, operated by Coca-Cola European Partners, was commissioned in 2017 and accredited by…
Settlements company Elexon promises to be a ‘critical friend’ to innovators as it opens Sandbox to trial new proposals
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Elexon has launched a new support service so that innovators can trial products and services which could transform the electricity sector. The company handles settlements for the power industry and manages the associated rulebook, the Balancing and Settlement Code (BSC). Its…
Aceleron wins £2M investment for ‘circular economy’ battery
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Battery developer Aceleron has won £2 million of equity investment, with £1.45 million from BGF and the remainder from existing investor Mercia Asset Management. The investment will enable Aceleron to scale the production of its ‘circular economy’ battery technology, doubling…
SPEN takes a real-time look at network loading with new software
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SP Energy Networks has joined forces with Sia Partners to use new forecasting software to more closely manage the network and make better use of locally-generated power. The new approach combines historical network data, detailed weather data and artificial intelligence…