Euronext is to acquire a majority stake (66%) of Nord Pool group, which runs physical power markets in Europe, valuing the group at €84 million. Euronext said it will enter into a partnership, governed by a shareholder agreement, with the Nordic…
News
Winners and losers: The New Power view on election promises for the energy and power sector
by Annabel Andrews • • Comments Off
What does the UK have to offer the world? In this month’s New Power, reports and interviews reiterate that the UK is seen as a leader in meeting the technical and financial challenges of decarbonisation and the potential to expand…
Anglian Water sites to host 35MW of PV in step towards net zero goal
by New Power • • Comments Off
Anglian Water Services has signed the UK’s largest onsite solar PV generation deal with NextEnergy Capital, Investment Manager for the NextEnergy Solar Fund (NESF). In the deal, awarded after a competitive tender, NextEnergy Capital will design, build, operate, and own over…
Wales NIC seeks views on energy infrastructure
by New Power • • Comments Off
Grid constraints, the potential for marine renewables and community renewables, and the shift to zero-emission vehicles are among the areas wherethe National Infrastructure Commission Wales (NICW) is seeking evidence to develop its work programme for the coming year. Discussing the…
CCC tender: what are the pathways for deep industrial decarbonisation?
by New Power • • Comments Off
The Committee on Climate Change is seeking to understand how deep decarbonisation of industry could be achieved and it has published a tender for analysis ahead of its sixth Carbon Budget – the first to be produced with Net Zero…
E.On to merge NPower domestic operations to cut thousands of call centre jobs
by New Power • • Comments Off
E.On has announced major changes to its UK operations that will move Npower’s residential and small and medium-size enterprise customers to be served by E.On UK on a shared IT platform. Npower’s industrial and commercial customers will continue to be served separately.…
New flow control will free 500MW of capacity on congested Scotland-England wires
by New Power • • Comments Off
National Grid Electricity Transmission (NGET) is set to boost transmission capability across three stressed areas without having to build more wires. Instead it will manage the flow. Together the three areas are expected to find 1.5GW of extra carrying capability,…
Balancing Market access set to widen
by New Power • • Comments Off
The next two weeks should see direct access to the Balancing Market (BM) opened up for distributed generation, aggregators and consumers Legally, a modification to the Connection and Use of System (Cusc) rules, now agreed by Ofgem, will introduce the concept…
Rail pension fund buys Tralorg wind farm
by New Power • • Comments Off
BayWa r.e. has sold its Tralorg wind farm in South Ayrshire to UK pension fund RPMI Railpen (Railpen). Tralorg is an eight-turbine wind farm 30km south of Ayr, Scotland, with an installed capacity of 18.8MW. The project is expected to…
Elexon proposes changes to streamline code change process
by New Power • • Comments Off
Settlements company Elexon has proposed a suite of changes intended to speed up, simplify and reduce the cost and time burden of changing the rules governing the energy industry. Electricity and gas supply and delivery is governed under 11 codes…