Data businesses will be ahead of utilities in the rollout of residential demand management (RDM), which will allow users to participate in balancing supply and demand, according to a survey of industry professionals carried out by Green Energy Options (Geo),…
News
Centrica: business fears power failures – but does not make it a priority
by New Power • • Comments Off
Businesses underestimate the cost of electricity failures, according to Centrica Business Solutions. In a survey of UK and Irish businesses, senior energy decision-makers who had not experienced a serious energy failure predicted the cost to their business would be 7%…
BEIS Committee seeks views on the Draft Energy Price Cap Bill
by Annabel Andrews • • Comments Off
The Business, Energy and Industrial Strategy Committee has announced a call for evidence on the government’s Draft Energy Price Cap Bill. The BEIS Committee’s pre-legislative scrutiny will involve examining the objective, provisions, and likely impact of the legislation and the…
Industry reacts to Helm review
by New Power • • 2 Comments
Michael Grubb, Professor of International Energy and Climate Change Policy, UCL: “There is a lot to agree with here – and much to chew on. But it would help if Helm acknowledged that the dramatic technology cost reductions he highlights were largely…
Open Utility wins funding to develop local flexibility trading
by New Power • • Comments Off
Open Utility has won £412,500 in funding from the Department for Business, Energy and Industrial Strategy’s Energy Entrepreneurs Fund (EEF) to develop an online marketplace for local electricity flexibility trading. The marketplace will help distribution network operators (DNOs) play an active…
Three quarters of firms doubt this parliament can deliver infrastructure improvement
by Annabel Andrews • • Comments Off
A record number of firms are dissatisfied with the state of infrastructure in their region, according to the 2017 CBI/AECOM Infrastructure Survey. Nearly all (96%) of the 727 businesses surveyed see infrastructure as important to the government’s agenda, but only…
Severn Trent sets sights on 20MW flexible demand capacity with Open Energi
by Annabel Andrews • • Comments Off
Water and sewerage company Severn Trent has partnered with Open Energi to unlock demand flexibility from its equipment. The company, which provides water to 4.5 million households and businesses across the Midlands and Wales, aims to provide over 20MW of…
Shell brings rapid EV charging to garage forecourts
by Annabel Andrews • • Comments Off
Shell has launched a new on-forecourt electric vehicle (EV) rapid charging service. The service is currently available at three Shell garages in London, Surrey and Derby, and will expand to seven more garages in Greater London and Reading by the…
UK holds place in top ten renewable energy investment destinations, says EY
by Annabel Andrews • • Comments Off
The UK has held it’s place at number ten in EY’s index of the world’s most attractive renewable energy markets. The report’s authors cited the results of second contract for difference (CfD) auction as contributing to the UK’s place in the…
Energy future: forget security of supply, the trilemma and regulation, says think-tank
by New Power • • Comments Off
The energy sectors being held back by outdated policy obsessions that have dominated and distorted policy making and regulation for too long, says a new report by Challenging Ideas and Imperial College Business School. The group wants to sweep away easy…