Breeze Energy, a gas and electricity supplier with just under 18,000 domestic customers is ceasing to trade. Customers will be transferred under the regulator’s ‘Supplier of last resort’ process to another supplier yet to be appointed. Philippa Pickford, Ofgem’s director…
Author Archive for New Power
iSupply pays £1.5M redress after overcharging customers
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iSupply Energy is to pay £1.5 million after the supplier overcharged around 4,400 of its customers on default tariffs. Welcoming the payment, Gillian Guy, chief executive of Citizens Advice, said: “We’re pleased to see that iSupply has not only refunded the…
NextEnergy starts up second subsidy-free solar farm, plans to take year’s rollout to 150MWp
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NextEnergy Solar Fund has announced completion of a 50MWp subsidy-free solar farm at Staughton. Located on a former airfield on the Bedfordshire/Cambridgeshire border, NESF says Staughton is its second subsidy-free solar plant energised during the current financial year, following the…
VPI/Low Carbon JV sells storage projects
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VLC Energy has sold two operational battery storage facilities totalling 50MW to Gresham House Energy Storage Fund for £29.2 million. VLC Energy is a joint venture between Low Carbon and VPI Immingham (a subsidiary of Vitol Group). The facilities comprise a 40MW facility at…
Ovo Energy’s SSE acquisition gets CMA green light
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The Competition and Markets Authority has cleared Ovo Energy’s £500 million acquisition of SSE SSE Energy Services. The acquisition, which includes energy and home services customers, will make Ovo the UK’s second largest energy supplier. CMA was required to consider whether it ”may…
Japanese buy-in to boost Igloo Energy
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Osaka Gas has taken a minority stake in new energy supplier Igloo Energy, with a strategic investment of up to £20 million in the company. Igloo said the investment will accelerate growth. It will also fast-track the development of Igloo’s home services…
Vitol appoints director for CHP project in step towards Humber Zero
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Vitol has taken a step forward in developing plans for its 1.2GW combined heat and power plant (CHP), part of the Humber Zero decarbonisation project in North Lincolnshire. It has appointed Jonathan Briggs as project director. Briggs joins Vitol from OGCI Climate Investments,…
Drax sets out ambition to be ‘carbon negative’ by 2030
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Drax chief executive Will Gardner has announced an ambition for the power site – once the UK’s largest coal-fired generating site – to be carbon negative by 2030. After closing its remaining two coal generating units at Drax Power Station –…
German offshore wind farm atrracts new investors
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London-listed renewable energy infrastructure investment company Renewables Infrastructure Group (TRIG) is to acquire 36% equity interest in Merkur Offshore, a 396MW offshore wind farm located in the German North Sea. At completion, (expected in H1 2020), TRIG will sell-down a share to minority co-investors managed by…
Northern Powergrid trials low-loss transformer
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Northern Powergrid is to trial five transformers with far lower energy losses than the technology currently used. The ’super low loss’ ground-mounted amorphous transformers (AMTs) are expected to reduce core losses by up to 90%, compared to the older ground-mounted…