Npower will pay a fine of £2.4 million after it failed to install advanced meters for electricity business customers. Suppliers had to install advanced meters at all their large business customers after 2009 and complete the rollout by April 2014.…
Author Archive for New Power
OPINION: Beware the effect of a ‘hard’ Brexit on the energy market
by New Power • • Comments Off
Alex Harrison, partner at Hogan Lovells, sees little clarity yet on the UK energy industry’s interactions with the Internal Energy Market post-Brexit. Be prepared for a crash The UK government published its White Paper on the future relationship between the…
What’s your view? Consultation opens on architecture enabling local electricity markets
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A revolution is happening in local electricity networks, as more local and domestic generation is connected, users start to generate and trade their own power, and new technologies such as electric vehicles and batteries are connected and used. Now the…
Octopus Energy appointed new supplier for Iresa’s 90,000 customers
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Octopus Energy will take over Iresa’s 90,000 customers from 1 August. Ofgem appointed Octopus under its ‘supplier of last resort’ mechanism after Iresa ceased trading earlier this week. Octopus Energy said it will honour outstanding credit balances, including money owed to…
Ofgem plans for ‘competition proxy’ on Hinkley link could face challenge from National Grid
by New Power • • 1 Comment
National Grid may mount a legal challenge to Ofgem’s decision on how to finance and deliver a new transmission line needed to connect Hinkley Point C to the electricity network. The transmission network owner said, “We have previously raised concerns and will now review…
Ofgem calls for panels members to take forward consumer data standard
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Ofgem is seeking participants in a project to develop a standard for data sharing and use in the energy sector. The regulator noted that better access to their own data would help consumers engage in the energy market. For example,…
Electric vehicle users will have choice under Ofgem’s new charging proposals. What about the fuel-poor?
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Ofgem’s proposed new charging regime for electricity networks hit the headlines this month because it suggested that electric vehicle users might be asked to pay more if they want to be guaranteed the right to charge the vehicle at peak…
Ofgem seeks nominations for expert panel to assess Electricity System Operator’s performance
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Ofgem wants to recruit a panel of industry experts to monitor the performance of the Electricity System Operator, now being spun out of National Grid. The regulator says, “We want to pool the knowledge and experience of a wide array…
Banks completed refinancing for onshore wind farms
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Banks Renewables, the renewable energy division of property and energy business the Banks Group, has completed an £82 million refinancing of seven of its existing wind farms across northern England, five of which were built using external finances and two…
Rail freight company signs green deal to power offices
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Rail freight company DB Cargo UK has signed a three-year agreement with SSE Business Energy to provide renewable electricity for DB’s rail sites and offices. SSE Business Energy will supply all sites belonging to DB Cargo UK and will allow…