Economy Energy has gone out of business and its 234,000 customers will be re-allocated under Ofgem’s ‘supplier of last resort’ process. Last week, Ofgem issued a provisional order to Economy Energy, which prevented the supplier from taking on new customers…
Author Archive for New Power
Capacity Market BSC modification to be treated as ‘urgent’
by New Power • • Comments Off
Ofgem has agreed that industry members can treat as ‘urgent’ proposals that would allow the industry to continue to collect Capacity Market payments and hold the cash for distribution if and when the Capacity Market receives State Aid clearance from…
How much credit could wind and PV get in the Capacity Market? National Grid suggests just a few percent
by New Power • • Comments Off
The EMR Delivery Body (a National Grid function) has published for consultation potential derating factors for wind and solar power if it were allowed to participate in the Capacity Market. The assessment, described as ‘harsh’, would credit solar PV with…
Sara Bell: Capacity Market failings are substantive
by New Power • • Comments Off
In an open letter, Tempus Energy chief executive Sara Bell has accused energy and clean growth minister Claire Perry MP of misleading statements over the Capacity Market and its re-examination over State Aid clearance by the European Commission. Bell said…
First stand-alone battery for Ørsted
by New Power • • Comments Off
Ørsted (previously Dong Energy) has brought into operation its first standalone battery storage project, at Carnegie Road in Liverpool. The 20MW consists of three battery containers, as well as the associated power conversion system, all supplied by NEC. The renewable…
Economy Energy banned from taking on new customers
by New Power • • Comments Off
Ofgem has banned Economy Energy from taking on new customers, initially for three months, until it resolves its customer service issues. The provisional order against the supplier also bans it from requesting one-off payments and increasing direct debits. Ofgem says…
Consumers could have specialist EV power suppliers or buy from neighbours under proposed new rules
by New Power • • Comments Off
Consumers could break away from having a single supplier for all their power by the start of 2020. An industry change that could take effect by then will mean customers can take some of their power from another supplier, such…
Gas Industry Awards – nominate now
by New Power • • Comments Off
Nominations are open for the Gas Industry Awards, organised by IGEM and the Energy & Utilities Alliance. The awards will be announced at the annual lunch on 15 May in London. Nominations must be submitted before 1 March in the following categories:…
What has the Capacity Market ever done for us?
by New Power • • 1 Comment
What has the Capacity Market (CM) ever done for us? The Capacity Market certainly has not done what it was intended to do – bring forward large new gas-fired power plants. But it has done what it was not intended…
Capacity Market: two options to resume payments in Q1, BEIS seeks views by 10 January
by New Power • • Comments Off
The industry should have more certainty by 10 January over how suppliers’ obligations to make Capacity Market payments will be reinstated. The Department for Business, Energy and industrial Strategy says it is ‘minded to’ restart collections, so that Capacity Market…