Spark Energy has  gone out of business. Its 290,000 customers will now be entering Ofgem’s ‘supplier of last resort’ process, and Ovo Energy told the BBC that it had put forward proposals to Ofgem to acquire the business. The company follows Extra Energy, Future Energy,…

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Suppliers have fallen short on payments to two renewables support schemes, prompting Ofgem to take enforcement action and potentially raising bills for other suppliers. The regulator said that after late payments there was a shortfall of £58.6 million in Renewables…

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New investment company Seeit (SDCL Energy Efficiency Income Trust) has announced plans to float, to raise £150 million to invest exclusively in the energy efficiency sector, which it describes as a “rapidly growing segment of the infrastructure market”. The funds will be managed by Sustainable Development Capital, which…

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Ofgem has activated ‘supplier of last resort’ measures as Extra Energy ceases trading. The company has around 108,000 domestic accounts and 21,000 business customers. Gillian Guy, Chief Executive of Citizens Advice, said: “Today’s news and other recent supplier failures again highlight…

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BayWa r.e. has acquired the consented Tralorg wind farm from Brookfield Renewable Partners. The wind farm,  in South Ayrshire, Scotland, secured planning permission in 2014. Once installed, the wind farm will have a capacity of 18.8MW comprising  eight 2.35 MW…

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Britain risks creating a two-tier energy system, where some regions benefit from the latest technology, and others are left behind with the higher costs, environmental and health problems that come from burning legacy fossil fuels, according to a new report…

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Generators will lose around three months of revenue in 2018 – around £100 million – due to the loss of Capacity Market payments over the coming winter, according to ratings agency Moody’s. If the scheme is not successfully reinstated or…

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More than two thirds (69%) of energy managers are not aware of energy management strategies like demand side response (DSR), according to new research commissioned by npower Business Solutions. Npower said curbing energy use and reducing energy consumption to outside peak hours…

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The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market  passes State Aid tests. The ruling follows a legal challenge submitted by demand response specialists Tempus Energy, which claimed the Capacity Market allows fossil fuels to…

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Energy supplier Spark Energy is in talks over a merger after it missed a Renewables Obligation payment of £14.4 million, due by 31 October. Chief executive Chris Gauld, who led a management buyout of the company in 2016, told the…

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