Customers have overpaid electricity network companies by £800 million since 2013 because Ofgem set the allowed rate of return too high, says the National Audit Office (NAO). NAO said Ofgem did not place enough weight on up-to-date market evidence when…

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Development consent given to Drax Power to install four new gas turbines at its North Yorkshire site has been challenged in the High Court by environmental law charity ClientEarth. The charity says the government’s own planning authority said the UK’s…

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Ovo Energy  whose £500 million acquisition of SSE’s customers makes it the second largest UK energy supplier, has agreed to pay £8.9 million in redress for wrongly charging customers and providing inaccurate or incomplete information to them for over five…

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Utility Warehouse overcharged 3,430 Warm Home Discount customers, due to a system error, and is to provide refunds and compensation totalling £450,000. Ofgem has announced. The supplier will pay a further £200,000 into Ofgem’s voluntary redress fund, “in recognition of the seriousness of the breach and…

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Gresham House has purchased a 12MW battery-ready solar farm from renewables developer Anesco for one of its New Energy funds. It is expecetd to begin generating solar power in March 2020 The site, known as Bumpers, straddles the Chiltern railway line…

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In the January issue of New Power Report, editor Janet Wood spoke with Regina Finn, the new chair of the Low Carbon Contracts Company, about the many changes facing the power industry. Finn has been regulator and participant in utilities across…

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New legislation will require consumer smart devices to meet three rigorous security requirements for the Internet of Things (IoT), the Department for Digital, Culture, Media and Sport (DCMS) has announced. Consumer devices such as fridges that can respond to price signals…

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Ofgem has launched an investigation into National Grid Electricity Transmission and SP (Scottish Power) Transmission over the delivery and operation of the Western high-voltage direct current (HVDC) subsea cable, which the two companies undertook as a joint venture. The  £1.3…

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The Renewable Exchange platform saw more than 15 suppliers tender for Power Purchase Agreements (PPAs) for Aviva Investors’ onshore wind farms. They offered multiple ways of monetising power, subsidy and embedded benefits from the wind farms and as a result Aviva Investors has…

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Smart grid platform provider GridBeyond has secured £9 million in new funding.  The leading investor in the round was EDP -  Energias De Portugal, the Portuguese electric utility company. It was supported by existing and new investors in the company: Act Venture Capital –…

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