BayWa r.e is to operate and maintain six solar farms owned by Good Energy. The solar farms have a combined capacity of 30 MW. They are: Carloggas, Cornwall – 8.30MW Woolbridge, Dorset – 4.99MW Creathorne, Cornwall – 1.84MW Rookwood, Wiltshire…
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HMRC confirms 5% VAT for batteries installed with new household solar systems
by Annabel Andrews • • Comments Off
HM Revenue and Customs (HMRC) has confirmed that a 5% rather than 20% VAT will be applied on residential battery storage installations when paired with new solar PV systems. Currently, the 5% rate will only be applicable to a single indivisible…
Dieter Helm to lead independent review into energy costs
by Annabel Andrews • • Comments Off
Dieter Helm is to lead an independent review looking at how the energy industry, government and regulators can keep the cost of electricity as low as possible, while ensuring the UK meets its domestic and international climate targets. The review will…
Ofgem cuts PPM price cap, saying Capacity Market and wholesale costs have fallen
by New Power • • Comments Off
Just a week after British Gas announced a price hike for customers on its standard variable tariff, Ofgem has announced that the price cap for three million households on prepayment meters will be reduced from 1 October. The regulator said…
Ofgem confirms National Grid must set up separate system operator company
by Annabel Andrews • • Comments Off
Ofgem has confirmed that National Grid should proceed with plans to set up a new legally separate company to carry out its electricity system operator function within National Grid Group. The electricity system operator (ESO) has a central role in…
Three companies on short list for wind farm links
by New Power • • Comments Off
Ofgem has published shortlisted companies bidding for the right to own and operate cables linking offshore wind farms at Galloper and the Walnet Extension to the onshore network. The same bidders were named in both shortlists for the projects. They…
Wind generators to queue until second quarter of 2019 for uncertain Feed in Tariff rate
by Annabel Andrews • • Comments Off
Generators seeking a Feed in Tariff subsidy for some wind installations will have to queue until the final quarter of 2019, according to new figures released by Ofgem. The latest information from the regulator showed that there are currently 48…
Centrica blames “increasing costs of energy policy” for 12.5% electricity price hike
by Annabel Andrews • • Comments Off
Centrica has said it will put up it’s standard tariff electricity price by 12.5% from mid-September, while its gas price will remain the same. This will see an average annual dual fuel bill for a typical household on standard tariff…
BEIS awards £2.9M nuclear research contract
by New Power • • Comments Off
The Department for Business, Energy and Industrial Strategy (BEIS) has awarded a £2.9 million contract to Amec Foster Wheeler to lead a UK Digital Reactor Design nuclear power research programme. The company will set up and run a partnership that will…
Ofgem asks: Does mandatory market making work?
by Annabel Andrews • • Comments Off
Ofgem has asked for feedback on whether its market-making windows are working, as part of its review of the Secure and Promote liquidity fix. In 2014, the regulator brought in the Secure and Promote Licence Condition, to try to address…