Together Energy is in default of credit requirements under the Balancing and Settlement Code (BSC) and has been notified that it is set to be expelled on 7 February. The BSC Panel is required to give 28 days notice of…
News
Hunterston B closes
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Friday 7 January will see Hunterston B nuclear power station reach its final closure. The plant has produced 297.4TWh over a 46-year lifetime, although it was originally expected to run for just 25 years to 2001. Hunterston provided around 500…
Scottish Affairs committee seeks evidence on carbon capture and hydrogen potential
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The Scottish Affairs Committee has launched an inquiry into carbon capture and blue and green hydrogen in Scotland. The UK government’s ambitions includes 5GW of low-carbon hydrogen production capacity by 2030, and it said that “Scotland has a key role…
Carlton Power and Stag Energy to merge
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Carlton Power and Stag Energy are to merge. The combined business will focus on energy storage and grid stability services, including providing system inertia, reactive power and short circuit capacity. It is also developing a portfolio of green hydrogen production…
SGN plans to test hydrogen in local gas network – but who pays?
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Ofgem is asking who should fund an SGN-led live trial of transporting hydrogen in the local gas transmission system (LTS), after recommissioning a currently mothballed pipeline. The trial will be used to produce a blueprint methodology for potentially repurposing and…
UPDATED: Companies face higher trading costs as credit-setting price rises – but further hike on 7 January now eased until 25 January
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UPDATE 5 January: The BSC Credit Committee has decided to cancel an expected increase in the Credit Assessment Price (CAP) that would have seen it rise to £380/MWh on 7 January. Instead, the committee has decided to retain the current…
UKETS Authority may take action to contain costs, decision due after markets close on 18 January
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For the second time the government is considering whether to take action to address rising carbon costs in the UK’s new carbon emissions trading scheme (UKETS). The UK ETS Authority will announce its decision after trading hours on 18 January.…
Rolls-Royce completes sale of gas engines business, new owner aims to expand microgrid business
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Rolls-Royce has completed the sale of its Bergen Engines business to Langley Holdings. The sale was initially announced on 3 August 2021. Bergen Engines joins Piller Power System and Marelli Motori groups in Langley’s £600 million power solutions business, which…
Octopus and Wind 2 to develop up to 570MW of onshore wind
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Octopus Renewables Infrastructure Trust (ORIT) and specialist UK onshore wind developer Wind 2 have announced plans to develop up to nine onshore wind farms in Scotland and Wales over the next 5-10 years, with a potential combined capacity of approximately…
GIG set to construct 40MW battery in Essex
by New Power • • 1 Comment
Macquarie’s Green Investment Group (GIG) has reached financial close on a 40MW battery storage project, located in Maldon, Essex. The project is one of seven strategically located in highly congested areas of the UK network, including Scotland and South-East England,…