Efforts to get Project Nexus, the programme to replace the central settlement system for gas, back on track have struggled to turn the programme around and there is still “significant risk to go-live”, according to an August update. Project Nexus…
Author Archive for New Power
National Grid to bear £17.7 million of extra Black Start contract costs, £54 million can be recouped from customers
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Regulator Ofgem has said National Grid must bear £17.7 million of a £113 million bill it incurred procuring so-called ‘Black Start’ services. Within that bill customers will pay an additional £54 million, above budgetted costs, because Ofgem said National Grid…
Demand Side Response tender fails to bring forward offers for winter 2016/17
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National Grid is talking afresh to demand side balancing reserve (DSBR) providers about how they can respond to the need for peak services this winter, after it had ‘minimal’ response to its June tender for the service to be provided…
‘Sticky’ customer databases, white label products, and customer switching: key data questions
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Once again customers are being urged to switch energy supplier to take advantage of the cheapest deals. It’s good advice. Switching numbers are increasing as so-called ‘white label’ brands enter the market. Some are apparently supplied by familiar names like…
Development consent granted for Hornsea Two offshore wind farm
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The Hornsea Two offshore wind farm has received development consent from business and energy secretary Greg Clark. When complete, the windfarm will provide up to 1,800MW of low carbon electricity to around 1.8 million UK homes. The windfarm would create…
Teesside biomass plant reaches financial close
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Macquarie Capital and Macquarie Commodities and Financial Markets have reached financial close on £900 million of funding for a 299MW biomass-fuelled combined heat and power plant on Teesside. Developed by MGT Power, Tees REP is claimed to be the world’s…
How can we ensure domestic electricity pricing is smart and fair in future?
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Sustainability First’s Jon Bird looks at the results of time-of-use charging trials in energy and water and finds that there are winners and losers. It may be impossible to make it fair for everyone, but we must tackle the extremes, he says
Bonfire of red tape ‘most damaging energy decision’
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Decisions taken in the government’s ‘bonfire of red tape’ have been more harmful to energy investment than any changes in renewable energy subsidy, according to key industry investor Siemens. Interviewing Matthew Knight, Siemens director of strategy and government affairs, GB…
Biomass CHP in Kent funded by Danish pensioners
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Copenhagen Infrastructure II, a fund under Copenhagen Infrastructure Partners, and through it PensionDanmark and 18 other institutional investors, has teamed up with Burmeister & Wain Scandinavian Contractor (BWSC) to acquire the Kent biomass-fired combined heat and power (CHP) plant project.…
Financing agreed for two Gaelectric wind farms
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Gaelectric has agreed a €38 million financing package for construction of two wind farms in county Kilkenny. Ballybay, near Tullaroan, will comprise six Enercon turbines and will have a capacity of 13.8MW. Foyle, south east of Ballybay, will comprise four…