A new update on Project Nexus, the new settlement system for the gas industry, has identified additional risks to delivery. The latest programme update highlights that key industry processes such as transfer of ownership may not be operable across industry…
Author Archive for New Power
Ofgem staff discussions on adverts force it to bow out of probe into price comparison sites
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Ofgem has passed an investigation into anti-competitive behaviour by price comparison websites to the Competition and Markets Authority (CMA) because it found that its own staff had been in discussions with the websites during the period. Ofgem opened the investigation,…
Energy Institute members join calls for long term policy vision
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The energy industry needs more visibility of future policy to attract low-carbon investment, according to members of the Energy Institute polled in the organisation’s annual “Barometer”. The Institute members were echoing calls from other industrywatchers seeking a long term vision…
Aquind proposal could bring UK-France interconnectors to seven
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Plans have been announced for a 2000MW interconnector between the GB grid and France, potentially bringing the total interconnector capacity between the two grids to 9GW. The new HVDC link would connect at Lovedean, near Portsmouth and Haute Normandie in…
Ofgem acts to protect customers in credit if their energy supplier goes out of business
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Energy regulator Ofgem is planning to refine its ‘supplier of last resort’ arrangements – which take effect when an energy company fails – so that customers who are in credit with the failed supplier are less likely to lose their…
Decarbonisation: it’s about much more than power
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As the editor of New Power, no-one likes talking about power stations more than me. But I was still disappointed that the Green Alliance’s debate as it launched a report on low carbon opportunities (“Will the UK succeed in a…
National Grid seeks to pass extra £113M ‘Black Start’ bill from Drax and Fiddlers Ferry on to customers
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Ofgem wants answers from electricity system operator (SO) National Grid on why it spent over three times its budget to procure additional contracts with suppliers of a specialist network service – Black Start – for 2016/17. The SO wants to…
Two weeks to apply for Good Energy’s £3.1 million share offering
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Good Energy wants to raise £3.1 million in new funding and has launched a share offering. Shares will cost £2.08 each, with a minimum application value of £520. The company said it “anticipates most applications from existing customers, bondholders and…
Dong closes IPO to retail investors
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Dong Energy will close of its initial public offering to retail investors at 4pm (CET), it has announced. Retail investors can invest up to DKK 3 million (£310,000) and the aggregate demand now exceeds the expected allocation of offer shares…
Opinion: Winter is coming… bringing a perfect storm for electricity system price rises
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Phil Hewitt, director and founder of EnAppSys, warns that with tighter supply margins forecast for winter 2016/17, SBR arrangements are likely to force wholesale electricity prices even higher