SSE has issued a €600 million green bond to refinance its portfolio of recently constructed or under construction onshore wind farms. The company said there was “significant demand” for the eight-year, 0.875% bond, which it said made it possible to price…
News
Energy Saving Trust wins contract to distribute energy companies’ redress payments
by New Power • • Comments Off
In the past five years energy companies have made £191 million in voluntary redress payments when they broke rules, in addition to direct payments made to customers. Now Ofgem has appointed the Energy Saving Trust (EST) to manage the allocation…
Evenergi wins first ‘lite’ licence with Corona
by New Power • • Comments Off
Ofgem has granted its first ‘Licence Lite’ approval, to Evenergi. The ‘lite’ licence is intended to help new suppliers enter the electricity supply market. It allows the new entrant to partner with an existing licensed supplier – who assumes responsibility…
DNOs could face penalty over performance on large connections
by New Power • • Comments Off
Electricity distribution network operators (DNOs) have been warned they may face penalties if they do not improve their performance on upgrading connections or connecting new customers to the network.The poor performance relates to connecting larger customers. DNOs have a bonus/penalty…
UKPN invites distributed generators to bid for flex payments
by New Power • • Comments Off
UK Power Networks is inviting expressions of interest from distributed energy operators who can increase generation or reduce consumption on request at 10 locations across the network, including Broad Oak, Harpenden, Cockfosters, Merryhill, Lewes and Rainham. Until 8 September, companies…
ENA seeks views on how to make most of distributed energy resources
by Annabel Andrews • • Comments Off
The Energy Networks Association’s (ENA) Open Networks Project has launched a consultation to seek views on how to create a smart electricity grid that enables new markets and opportunities for distributed energy technologies, battery storage, solar panels and services such…
Irish single electricity market “a priority” for Brexit negotiations, says UK government
by Annabel Andrews • • Comments Off
The single electricity market between Northern Ireland and the Republic of Ireland should be a priority for Brexit negotiations, the UK government said in a position paper published today. It added that the single electricity market is “by far the…
Good Energy shareholders urged to reject Ecotricity board bid
by Annabel Andrews • • Comments Off
Good Energy’s board has written to shareholders, urging them to vote against appointing representatives from Ecotricity to the board. Last month, Good Energy announced it had received a requisition for a general meeting from Ferlim Nominees Limited, acting on behalf…
Mayor will seek existing supplier to deliver its Energy for Londoners company
by Annabel Andrews • • Comments Off
The Greater London Authority (GLA) will seek an existing supplier to deliver its Energy For Londoners supply company, although the mayor has not ruled out starting a fully licensed supply company in the future. In its new Draft London Environment…
Forewind consortium divides ownership of 4.8GW Dogger Bank offshore wind projects
by Annabel Andrews • • Comments Off
New ownership arrangements for the four consented Dogger Bank offshore wind projects have been agreed and signed by the three Forewind shareholders. Offshore wind consortium Forewind has agreed and signed new ownership arrangements of the four consented Dogger Bank offshore wind…