The European Commission has opened an in-depth investigation into Luxembourg’s tax treatment of Engie (previously known as GDF Suez). The Commission will assess in particular whether Luxembourg tax authorities selectively derogated from provisions of national tax law in tax rulings…
Author Archive for New Power
Pre-pay days or exclusive prices? Big six tariff offers diverge
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Scottish Power is set to launch a pre-pay energy tariff that allows customers to pay for ‘days’ of gas and electricity. Customers can buy up to 180 ‘days’ of gas or electricity, calculated from their previous usage. They can track…
Distributed generation needs investor confidence as much as central generation does
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Tim Emrich, chief executive of UK Power Reserve, warns that a piecemeal approach to changing the charging regime will damage investor confidence and could face legal challenge
Hinkley Point C decision: reactions
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Jenifer Baxter, head of energy and environment, Institution of Mechanical Engineers: “This announcement is welcome and great news for the nuclear sector, however, it is important to note that this is not the end but merely a small step at…
IEA says global investment is shifting from oil and gas to low-carbon power
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Global investment in the electricity sector reached a record-breaking $690 billion in 2015, according to new figures from the International Energy Agency (IEA), and there is a “major shift in investment towards low-carbon sources of power generation”. Low carbon capacity…
Five on the shortlist to take on Burbo Bank Extension link
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Five consortia have been shortlisted in a tender being run by Ofgem to own and run the £230 million transmission link to the Burbo Bank Extension offshore windfarm. The winning offshore transmission owner (Ofto) will receive a guaranteed revenue stream…
Networks’ role in meeting social obligations could grow, says Citizens Advice
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Energy networks could deliver social programmes such as domestic energy efficiency improvements in future, because pressure on network capacity and the shift to a more dynamic energy system will mean they engage directly with customers. That was one of the…
Hinkley a ‘well-designed transfer of risk’, says Hammond
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The government will make a decision on Hinkley Point C nuclear plant by the end of the month, Chancellor Phillip Hammond told peers on the Economic Affairs Committee. He was asked whether the project could be described as a “well-designed…
CCS ‘within reach in 2020s’ with new industry structure and obligation, says report
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The government must act now to revive the carbon capture and storage (CCS) industry, because it will dramatically reduce the cost of meeting low-carbon targets and it is ready for commercial implementation. That was the conclusion of a new review…
Statoil increases Dogger Bank share, takes on Sheringham operations
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Statoil is to takes over as operator of the Sheringham Shoal offshore wind farm from January 2017 and will increase its share in Dogger Bank. Statoil will increase its share of the Dogger Bank projects from 25% to around 50%…