Energy storage could help lower energy costs, ensure security of supply and increase penetration of variable renewable generation, according to a new report by KPMG for the REA. Recent substatial reductions in the cost of energy storage mean that large…
Author Archive for Annabel Andrews
E.On cuts gas price by 5.1 per cent and claims Britain’s cheapest energy tariff
by Annabel Andrews • • Comments Off
E.On has announced a 5.1 per cent reduction in its standard gas price. All four of its dual fuel tariffs will be reduced. The company said the move made its new one year fixed dual fuel product the cheapest on the market…
Scottish CCS hub “a unique opportunity for the UK”
by Annabel Andrews • • Comments Off
Scottish Carbon Capture and Storage (SCCS) has outlined proposals for a Scottish CO2 storage hub, which could eventually store liquefied CO2 from across Europe. The hub would serve as a central collection point for CO2 emissions from different sources across Europe, from where…
Big six still providing poor customer service, according to Which
by Annabel Andrews • • Comments Off
The most recent Which? energy company satisfaction survey shows that the six largest energy retailers provide a poor level of customer service, while smaller energy suppliers continue to be rated highly by customers. The overall average customer score was 53…
E.On to sell UK exploration and production business to Premier Oil
by Annabel Andrews • • Comments Off
E.On has signed an agreement to sell its UK exploration and production subsidiaries to Premier Oil for $120 million (£83 million). The portfolio includes stakes in 40 licenses, including a 5.2 per cent interest in the Elgin-Franklin field, a 47…
Scotland should source half of all energy from renewables by 2030, says industry body
by Annabel Andrews • • Comments Off
Industry body Scottish Renewables has said Scotland should generate the equivalent of 50 per cent of its total electricity, heat and transport demand from renewables by 2030. Renewables currently produce the equivalent of 15 per cent of Scotland’s energy use from electricity,…
NextEnergy acquires 53MW solar PV parks in Cambridgeshire and Gloucestershire
by Annabel Andrews • • Comments Off
NextEnergy Solar Fund limited has bought three operating solar PV plants for £61.7 million. It now owns the 20.4MW Fenland plant and 24.8MW Green End plant, both in Cambridgeshire; and the 8.1MW Tower Hill solar farm in Gloucestershire. The three plants are grid-connected…
National Grid publishes guidelines for Capacity Market transitional auction
by Annabel Andrews • • Comments Off
National Grid has published guidelines for the 2016 transitional Capacity Market auction. The secretary of state has set the target capacity for the auction at 900MW and the price cap at £40/kW/year. The transitional auction will take place on 26 January 2016. Click…
RES to build battery energy storage facility for WPD
by Annabel Andrews • • Comments Off
RES are to engineer, procure and construct a 300kVA/640kWh battery energy storage system for Western Power Distribution (WPD). The project will demonstrate nine different applications of energy storage on the grid as part of WPD’s initiative to investigate the technical and commercial feasibility…
National Audit Office fears 1 in 3 major government projects are in doubt
by Annabel Andrews • • Comments Off
A third of major government projects due to deliver by 2020 are in doubt or unachievable unless action is taken, according to a report published by the National Audit Office. Amyas Morse, head of the National Audit Office, said: “I…