Ofgem has today launched its Future Insights programme with the first in a series of discussion papers exploring the transformation of the energy system over the coming decades. With the Future Insights programme, Ofgem is planning to develop a strategic…
Author Archive for Annabel Andrews
CMA consults on locational pricing for energy transmission losses
by Annabel Andrews • • Comments Off
The Competition Markets Authority is seeking views on its plans to introduce a locational pricing system for transmission losses. In its investigation into the energy market published in June, the CMA found that the absence of locational pricing for transmission losses…
Government should support pumped storage to help system operability and security of supply, report finds
by Annabel Andrews • • Comments Off
The government should consider options to support the market for pumped storage hydro to provide the long-term confidence required by investors. The recommendation came in a new report by DNV GL, commissioned by Scottish Renewables, into the benefits of pumped storage hydro…
Projects worth £2bn up for grabs as fifth OFTO tender round kicks off next week
by Annabel Andrews • • Comments Off
On October 10 Ofgem will start the fifth tender round for offshore transmission owners (OFTOs), where companies will bid to become owners of five transmission links to offshore wind farms. The five links have an estimated value of £2bn in…
Hinkley Point C risks prompt Moody’s to downgrade EDF’s credit rating
by Annabel Andrews • • Comments Off
Ratings agency Moody’s has downgraded EDF’s ratings to A3/P-2 with a stable outlook. The rating related to EDF’s long-term issuer and senior unsecured ratings, which were formerly A2. The company’s perpetual junior subordinated debt ratings were downgraded to Baa3 from Baa2…
Northern Ireland to review renewable energy planning policy
by Annabel Andrews • • Comments Off
Northern Ireland’s infrastructure minister Chris Hazzard has announced a review of planning policies on renewable energy and countryside development, expected to be completed in 2018. Speaking as he announced the review, Infrastructure Minister Chris Hazzard said: “As Minister with responsibility…
SmartestEnergy certifies carbon content of renewable electricity for its business customers
by Annabel Andrews • • Comments Off
SmartestEnergy is issuing 500 UK companies Energy Labels, which specify the source and carbon content of the clean electricity these companies buy. The labels are designed to boost the renewables industry and provide increased confidence to business consumers. The labels look like…
Number of energy complaints halved since 2014
by Annabel Andrews • • Comments Off
The total number of energy complaints has halved since 2014, but customers who make a complaint are less satisfied with how their supplier handles it compared to two years ago, according to Ofgem’s biennial complaints survey. The suppliers who came out worst…
First Tesla grid-scale batteries in Europe arrive on site in Somerset
by Annabel Andrews • • Comments Off
Camborne Energy Storage is installing the very first grid scale Tesla Powerpacks in Europe. The UK-based energy storage developer is co-locating the batteries with a ground mounted solar PV site in Somerset. The combined solar and battery installation has the capacity to…
UK government plans to ratify the Paris climate agreement by the end of the year: reactions
by Annabel Andrews • • Comments Off
Greenpeace UK executive director John Sauven said: “This signal is a welcome moment of clarity amidst the all-pervading Brexit uncertainty, but it could have come with a much speedier timetable. Some of the world’s major economies have already ratified the…