UPDATE: The UK ETS Authority has decided not to intervene in the market although prices have risen to a level where action – a ‘cost containment mechanism (CCM) – is considered. The Authority said the decision is “based on the…
News
Two companies in default at BSC
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UPDATED: on 16 December BSC said Home Energy Trading’s default had been rectified Two further companies, Home Energy Trading and Delta Gas and Power, are in default of their obligations under the Balancing and Settlement Code (BSC) and are barred…
New battery on Teesside ‘would be Europe’s biggest’
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Sembcorp Energy UK has announced plans to build Europe’s largest battery at its site at Wilton International on Teesside. The company says that this site has available land and connections ready to enable swift instalment of the 360MW battery, which…
Towards 2032: NGESO details electricity system reinforcement needs
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In the next decade Great Britain’s electricity network requires major expansion to meet Net Zero investments, according to the system operator’s regular ‘Electricity Ten Year Statement’ (ETYS), which considers where investment or reinforcement is needed to ensure the grid remains…
New application window will open in mid 2022 for new ‘cap and floor’ interconnectors
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Ofgem will open an application window in mid 2022 for new interconnectors between Great Britain and other power markets, which will be underwritten by consumers. The ‘interim’ window will be ‘locationally targeted’ and will favour interconnectors that are able to…
Relief for Gwynt y Mor OFTO as Ofgem confirms it will get availability credit for five-month cable outage
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Ofgem has confirmed that the Gwynt y Mor OFTO suffered an ‘income adjusting event’ when it was out of action for five months while the cable it operates – which connects the Gwynt Y Mor offshore wind farm to the…
SIMEC sells Green Highlands Renewables subsidiary
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SIMEC Atlantis Energy (SAE) is to sell its subsidiary Green Highlands Renewables (GHR) for £3 million. The buyers are VH Auslandsbeteiligungen GmbH (VHA), a wholly-owned subsidiary of hydropower technology company Voith, which is based in Baden-Württemberg, Germany. VHA will acquire…
Development consent granted for Norfolk Boreas offshore wind farm
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Norfolk Boreas offshore wind farm has been granted development consent. The 1800MW wind farm will see up to 158 turbines installed off the Norfolk coast. BEIS secretary of state Kwasi Kwarteng granted planning permission although the examining authority, National Infrastructure…
Gridserve promises 20 more motorway ‘electric hub’ fast charging sites by Q2 2022
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Gridserve will open more than 20 ‘Electric Hubs’, each with up to a dozen 350kW chargers with contactless payment, at motorway service stations by Q2 2022, it has said. A following phase will add a further 50 sites. The company…
SGN, GIG, Esso to explore Southampton as CCS/hydrogen hub
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Gas network operator SGN, Macquarie’s Green Investment Group (GIG) and Esso Petroleum have signed a memorandum of understanding to explore the use of hydrogen and carbon capture in the Southampton industrial cluster. Esso said an initial feasibility study by SGN…