The industry should have more certainty by 10 January over how suppliers’ obligations to make Capacity Market payments will be reinstated. The Department for Business, Energy and industrial Strategy says it is ‘minded to’ restart collections, so that Capacity Market…
News
Northern Powergrid details 2019/20 flexibility needs
by New Power • • Comments Off
Northern Powergrid has provided more details of its plan to procure flexibility for use next winter and is seeking expressions of interest (EOIs) from potential providers. The company is seeking flexibility assets of 100kW or more to deliver up to…
Developers invited to give their views on how to ease connections to electricity networks
by New Power • • Comments Off
Electricity networks have asked for customer feedback before the last week in January on how to manage new resources that want to connect to the network, and the points under review will be under discussion in a webinar on 10…
Roosecote battery enters service
by New Power • • Comments Off
Centrica Business Solutions has brought online its 49MW battery at Roosecote battery in Cumbria. It is part of Centrica’s £180m investment into flexible power which also includes a refurbishment of King’s Lynn power station, plus two fast response gas-fired power…
British Gas to challenge price cap as cheap energy deals fall away
by New Power • • Comments Off
British Gas owner Centrica has launched a challenge the way the price cap is calculated. The cap, on standard variable tariffs, is due to take effect on 1 January. The regulator had planned to use the wholesale price for April…
Ofgem’s RIIO2 proposal on cost of capital: the industry responds
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David Smith, chief executive, ENA: “It’s important that the public and the country as a whole benefit from the changes that are sweeping across the country’s energy system, but much more work still needs to be done by the regulator to…
Lords committee complains over lack of BEIS analysis over carbon and power costs in ‘no-deal’ Brexit
by New Power • • Comments Off
Members of a House of Lords committee told energy and climate minister Claire Perry it was “extremely disappointing” that her department had not assessed how a UK exit from the EU Emissions Trading Scheme on 29 March would affect the…
What now for the Capacity Market?
by Annabel Andrews • • Comments Off
When the European Court of Justice set aside GB’s Capacity Market (CM) in November saying it was illegal state aid, it took the industry entirely by surprise. Even those who were aware that the hearing had taken place, back in…
Moody’s downgrades SSE
by New Power • • Comments Off
Rating agency Moody’s has downgraded SSE’s rating from A3 to Baa1. It has also downgraded SSE’s hybrid notes (from Baa2 to Baa3). The rating agency began a review in September, after SSE’s announced losses in its energy trading division, and…
Wathegsr 2 wind farm changes hands
by New Power • • Comments Off
BayWare has sold its Wathegar 2 wind farm to the British Strategic Investment Fund LP (BSIF), which is managed by London-based specialist asset manager, Gresham House Asset Management. The wind farm has a capacity of 18.45MW comprising nine 2.05MW Senvion…