Specialist management consultancy Baringa Partners has added its voice to companies supporting financial checks and ‘stress tests’ for energy suppliers. Ryan Thomson, partner at Baringa, said: “The energy market will struggle to support more than 50 active suppliers sustainably over…
Author Archive for New Power
Street lights converted to EV charging points
by New Power • • 1 Comment
Three street lights in London’s Royal Borough of Kensington and Chelsea have been converted into electric vehicle (EV) charge points in the start of a trial with UK Power Networks and Ubitricity. The installation allows two local residents to charge…
Utilities join to build infrastructure workforce and skills
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The energy and utilities sector requires 221,000 new recruits by 2027, in order to provide the essential services its customers seek and the infrastructure the UK needs for its economic growth. Industry leaders have come together, as the Energy &…
C.Gen to seek Capacity Market contract for new CCGT
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C.Gen Killingholme has set its marker down for the next Capacity Market auction, in December 2017, saying it plans to enter its consented 470MW North Killingholme power station. The combined cycle gas turbine (CCGT), near Immingham in North Lincolnshire, was…
Drax acquires Opus – expects to lower imbalance and trading costs
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Drax shareholders have approved plans to acquire business energy supplier Opus Energy with 83% voting in favour. The £340 million acquisition will now be completed tomorrow (10 February). Drax’s board said Opus will enhance Drax’s retail offering “by combining the…
E.On plans fast-charging electric vehicle network across Europe
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E.On has announced plans for a partnership with Danish e-Mobility service provider Clever to roll out ultra-fast charging stations for electric vehicles (EVs) along European motorways. The partners want to install several hundred charging locations across Europe, placed every 120-180km…
Ofgem announces price caps for pre-payment customers
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Ofgem has published gas and electricity price caps for customers using pre-payment meters. The caps apply to electricity and gas and vary between regions (because network charges vary) and between types of meter (eg for those on Economy 7 tariffs).…
Electric vehicles: ‘perfect storm’ could see consumer boom
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Government projections that there will be two million electric cars on the road by 2020 are understated, says Tim Payne, chief executive of new fast-charging company InstaVolt. In a New Power interview Payne says there is a ‘perfect storm’ of…
Do you have an opinion on research funding for flexible energy technologies? Innovate UK wants views by today
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Organisations are invited to respond today to an online survey on how a new research fund should be used. The new Industrial Strategy Challenge Fund (ISCF) was announced alongside the Green Paper setting out plans for an Industrial Strategy on…
OPINION: Take the Brexit opportunity to engineer a better energy landscape
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Chris Evans, deputy managing director at Rolton Group, says this is a good time to reassess our steps towards a low-carbon economy, broaden our technology choices, and move heat up the agenda The start of 2017 has not alleviated the…