The Department for Business, Energy and Industrial Strategy’s deal for Hinkley Point C has locked consumers into a risky and expensive project with uncertain strategic and economic benefits, says a new report from the National Audit Office (NAO). When the…
Author Archive for New Power
Wessex Water acquires auto-switch company Flipper
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Wessex Water has acquired auto-switch company Flipper. David Elliott, Wessex Water Group director of strategy and new markets, said: “Both Wessex Water and Flipper have the same vision to ensure customers are provided with excellent and affordable services. He added,…
Centrica sells two CCGTs to EPH
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Centrica is to sell two operating combined cycle gas turbine (CCGT) power stations, Langage and South Humber Bank, to EP UK Investments Ltd. The plants have a combined capacity of 2.3GW. The sale, which is subject to EU merger clearance and…
Rough storage reaches final closure
by New Power • • 1 Comment
Centrica has announced that the Rough offshore storage facility, the UK’s largest gas store, will not reopen. The site has reached the end of its life and in any case, its owner said, reopening the store would not be economic.…
Ofgem to go ahead with Triad benefit cuts, plans three-year phase-in
by New Power • • 1 Comment
Ofgem has confirmed its ‘minded to’ proposal to reduce the ‘embedded benefit’ small electricity generators receive for producing electricity at peak times. The regulator said the payment cost customers around £370 million last year. Ofgem has decided to accept an…
Three more interconnectors to benefit from guaranteed return
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Ofgem is proposing that three more interconnectors benefit from its ‘cap and floor’ regime, under which consumers underwrite the project and profits are capped. The three projects, which together could add 4.2GW of new connection between GB and Europe, are…
Greencoat Renewables to raise €250M for Euro-zone wind and solar acquisitions
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Greencoat Renewables has announced plans for a stock market listing and capital raising of €250 million. The company, which acquired two operating Irish onshore wind farms totaling 137MW in March, wants to acquire further operating Irish wind farms. Longer term,…
RSPB Scotland to take offshore wind fight to Supreme Court
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RSPB Scotland’s challenge to new offshore wind farms in the Firth of Forth continues, after it decided to appeal a judgement that would reinstate development consent for the projects. Together the schemes represent generating capacity of 2.3GW. One of the…
Green Frog adds 40MW of gas engines to Swansea West site
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Green Frog Connect has begun work on 40MW of gas-fired generation at the Swansea West site, adjacent to an existing 20MW diesel generation site which has been in use for the past five years. The 27 generators required by the…
BLOG: ‘Cash for ash’ cloud over power-broker
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May’s electoral fiasco has thrust into unlikely prominence the politician at the centre of Northern Ireland’s ‘cash for ash’ debacle. Prime minister May’s parliamentary survival currently depends on the support of the ten Democratic Unionist Party (DUP) MPs who are…