The Treasury Committee has launched an inquiry into the decarbonisation of the UK economy and green finance. It will scrutinise the role of HM Treasury, regulators and financial services firms in supporting the Government’s climate change commitments. It will also examine the…
Author Archive for New Power
E.On has to withdraw ’70-year history’ advert
by New Power • • Comments Off
The Advertsising Standards Authority has told E.On that it has to withdraw regional press advertisements comparing itself to energy companies going out of business. The company said it was “70 years old and still going strong” but a complainant said that…
Scottish government ‘must go farther’ on low carbon plans, say MSPs
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Scottish MSPs say clearer plans are needed on how climate change will be addressed. The call came in a report by Holyrood’s Environment, Climate Change and Land Reform Committee on the Climate Change (Emissions Reduction Targets) (Scotland) Bill following the report…
Foresight takes on advisory for £764 million of new assets
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Foresight is to acquire the advisory mandate for 28 operational assets across a wide range of renewable generation, wastewater and waste management activities located in the UK and Europe from John Laing Capital Management. The JLEN assets have a gross asset value…
Investment heads towards renewables and infrastructure
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Foresight Group has launched a new fund to invest directly into publicly listed companies that own and operate infrastructure or renewable energy assets globally. It is targeting a total return of more than 3% per annum above the rate of…
Environment Agency set to grant NOx emissions derogation for CfD plant
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A coal-fired power station converted to biomass fuel is set to start up although it cannot meet new EU emissions requirements. The Environment Agency says it is minded to agree a derogation from the new rules for the Lynemouth plant,…
Renewables to join Capacity Market
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Renewables will be able to participate in the forthcoming Capacity Market (CM) auction for the first time, BEIS has confirmed, subject to derating factors and provided they do not receive other subsidy. BEIS said the addition was “always anticipated” and…
Ofgem hands out £870,000 in fines for anti-competitive behaviour
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Ofgem has fined two energy suppliers and consultant for anti-competitive behaviour. The regulator found that between January and September 2016 Economy Energy and E (Gas and Electricity) had an anti-competitive agreement preventing the two suppliers actively targeting one another’s customers…
Citizens Advice: regulator mistakes on risk levels have left customers out of pocket
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Citizens Advice says regulators’ poor assessment of the risk of operating utility networks, and the resulting overestimate of the cost of finance, have meant water, energy, broadband and telephone networks were free to step up customer charges. The watchdog says misjudgements…
Join an EfW project in north London
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North London Waste Authority (NLWA) will be holding a market information day on 18 June for work on the North London Heat and Power Project (NLHPP) at Edmonton EcoPark – a 16 hectare site in the Upper Lee Valley. NLWA is…