The search for power supplies that will provide solutions to still, cold weather periods that leave the GB market short of supply at the same time as its neighbours, has driven more interest in gas storage and in a ‘further,…
News
Industry process to be re-examined after new rise means credit requirements for energy companies have doubled over October
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Energy companies struggling to manage their finances are set to be hit again at the start of November when they are called on to post more cover to back the rising cost of energy – and the credit calculation process…
Ofgem investigating whether two companies took advantage of network constraint payments
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Regulator Ofgem has opened an investigation into the behaviour of two electricity generating companies asked by the system operator to accept bids to reduce generation to help manage transmission constraints. The Electricity System Operator manages transmission constraints by instructing generators…
Could electric vehicles support the Capacity Market? BEIS asks for evidence on progress
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BEIS wants to know whether new generating technologies have emerged in the last year that could participate in future Capacity Market auctions. In its annual consultation, it asks specifically whether and how electric vehicles connected to the grid could access…
Environmental Audit Commitee opens inquiry into carbon capture technologies with potential for negative emissions
by New Power • • 1 Comment
The Environmental Audit Committee (EAC) wants evidence for its new inquiry into negative emissions technologies. It says the government has previously indicated that negative emissions technologies will play a role in meeting Net Zero, with a specific focus around using…
Ofgem names five suppliers together owing £7M in renewables payments, warns they could lose supply licences
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Ofgem is set to issue five suppliers with final orders to compel them to make £7 million in outstanding payments to comply with the Renewable Obligations (RO). The suppliers are • Ampoweruk , owing £3,590,236 • Whoop Energy, owing £56,306…
Ecotricity’s increased offer gets little takeup from Good Energy shareholders
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With ten days to go before its offer for Good Energy share closes, Ecotricity says it has received acceptances for just 3% of the issued ordinary share capital. The offer, which closes on 10 October, was increased from 360p to…
Three more suppliers cease trading
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Enstroga, Igloo Energy and Symbio Energy have announced they are ceasing to trade. According to Ofgem, Enstroga supplies around 6,000 domestic customers. Igloo Energy supplies around 179,000 domestic customers and Symbio Energy supplies around 48,000 domestic customers and a small…
Eurelectric calls for faster electrification and investment scale-up to reach Net Zero
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Europe’s electricity system could reach Net Zero faster than anticipated, according to the industry’s European lobby group Eurelectric, if nine policy recommendations are implemented. Kristian Ruby, Eurelectric secretary generals said: “To deliver on the ambition, it is critical to have…
Celtic Sea Cluster formed to speed up floating offshore wind development and harness supply chain
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The Welsh Government has joined with Cornwall and Isles of Scilly Local Enterprise Partnership to launch the Celtic Sea Cluster. With support from Marine Energy Wales, Celtic Sea Power and Offshore Renewable Energy (ORE) Catapult, the Celtic Sea Cluster will…