The head of Eurelectric, the lobby group for electricity utilities in Europe, has called on the UK and EU to reach a deal on Brexit to avoid rising power prices, security of supply issues, and disruption to global energy trades.…

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Drax has acquired 2566MW of power generation and storage assets from Scottish Power parent Iberdrola, saying the assets represent a growing system support opportunity. It expects the bulk of income from the plant to come from non-commodity sources. Scottish Power said “We have…

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Switching site GoCompare has  launched its own auto-switching product, called ‘Weflip’, joining a handful of specialist companies. Customers can sign up to from today, Monday 15 October. The new service is powered by Energylinx, a GoCompare Group company that operates an…

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Ofgem has promised to provide clarity by November on whether it will maintain electricity trading arrangements that require large players to act as ‘market makers’ at two periods during the day. The market-making requirements was introduced as part of Ofgem’s…

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France’s Energy Regulatory Commission (CRE) has fined Vitol €5 million for engaging in market manipulation in the gas market. But the EU’s Agency for the Cooperation of Energy Regulators (ACER) warned that unless its market monitoring resources are maintained similar abuses…

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Moixa claims its new 4.8kWh smart household battery will turn homes into ”mini power stations” by managing solar panels, batteries and electric vehicles to minimise energy bills and take advantage of the growing number of time-of-use tariffs. Simon Daniel, the firm’s chief executive said:…

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The Competition and Markets Authority (CMA) has given the go-ahead to a merger between SSE Retail (SSE) and Npower. The CMA said its panel had specifically examined competition concerns around how the deal would impact ‘standard variable tariff’ prices. It concluded…

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Ofgem is opening a tender for owning the electricity transmission link to the 1.2GW Hornsea 1 wind farm project, owned by Ørsted, and sited 120km east of the coast of Lincolnshire and Yorkshire. The link to  Hornsea 1  is one of three…

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Nick Molho, executive director,  Aldersgate Group: “This report from the world’s leading climate scientists is clear that there are compelling environmental, economic and social benefits to limiting the increase in global temperatures to 1.5 degrees as envisaged in the Paris Agreement.…

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The European Bank for Reconstruction and Development (EBRD) has called for a step change in investment in renewable energy. It said competition had resulted in cost reductions that meant it was often the cheapest option. Harry Boyd-Carpenter, EBRD director, head…

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