SSE has agreed to sell its remaining 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) for £1.225 billion to a consortium of the Ontario Teachers’ Pension Plan Board (which is already a shareholder in SGN) and Brookfield…
News
Ofgem flags local solutions to heat decarbonisation, as gas networks are told to plan ‘village trial’ with up to 2000 hydrogen users
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Decarbonising heat is among four options for which energy networks can apply for funding in the first round of Ofgem’s new innovation funding mechanism. But major trials for converting the gas network to hydrogen flagged in the government’s ‘ten point…
SGN, Vital join over heat networks as Kensa proposes new model
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As low-carbon heat provision comes under the spotlight two new options for heat networks have been announced. Gas distribution company SGN has joined with renewable energy provider Vital Energi to develop, own and operate low and zero-carbon heat networks. The…
North of Scotland transmission network value set to pass £6 billion by 2026
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SSEN Transmission could see its regulated asset value (RAV) increasing to over £6 billion by 2026, the end of the current price review period (RIIO2), it said in a trading update. The company, which owns and operates the transmission system…
Planning consent confirmed for waste to energy plant at Ratcliffe-on-Soar
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The Secretary of State for Housing, Communities and Local Government, has decided not to not to call in a planning application for a waste-to-energy project being developed by Uniper on its Ratcliffe-on-Soar site. The 49.9MW project, dubbed the East Midlands…
Octopus Renewables to acquire five solar PV projects in Republic of Ireland
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Octopus Renewables Infrastructure Trust has agreed acquisition of five solar PV sites near Dublin from Statkraft Ireland. The five sites are expected to have an installed capacity of up to 250MW. Completion of the acquisition is conditional upon four of…
UKPN joins with water companies to exchange details on vulnerable customers who need ‘priority service’
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UK Power Networks has joined forces with Thames Water and Essex and Suffolk Water, claiming it is the first electricity Distribution Network Operator to integrate its Priority Services Register (PSR) with records held by water utilities that operate in the…
UPDATED Ecotricity sets out firm offer for Good Energy shareholders
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Ecotricity has firmed up its offering to Good Energy shareholders in its bid to acquire the green energy specialist at a share price of 340p. In its offer to shareholders, the company said “the energy market has become increasingly competitive,…
SSEN to open tenders for 12 new flexibility zones in England and 25 in Scotland
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Scottish and Southern Electricity Networks (SSEN) Distribution has released 37 new flexibility zones- its biggest single flexibility offering to date. It says that the zones are open to all providers and as many of the 37 zones have no capacity…
Ten-week consultation by BEIS and Ofgem tees-up long-expected change for system operator and code reforms
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A new ‘Future System Operator’ (FSO) should take on the responsibilities of transmission network operator NGESO, BEIS and Ofgem have proposed, and add additional responsibilities for system planning in both gas and electricity transmission. The step to a fully independent…