Japanese utility Tokyo Electric Power has announced a £500,000 equity investment in Moixa Energy Holdings, the UK residential battery company. “We are excited to welcome Moixa to our modest, but growing portfolio of innovative startups,” said Hirokazu Yamaguchi, executive general…
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Brexit ambiguity worrying UK energy leaders, report finds
by Annabel Andrews • • Comments Off
Brexit has left the UK’s commitment to future sustainable energy projects uncertain, according to a new report from the World Energy Council think-tank, World Energy Issues Monitor 2017: ‘Exposing the New Energy Realities. The report found that UK’s decision to…
Engie exits Moorside nuclear project
by New Power • • Comments Off
Engie has announced it is withdrawing from NuGen, the company that plans to build three Westinghouse AP1000 reactors at Moorside in West Cumbria. It said NuGen is “facing some significant challenges” and as a result Engie would exercise its rights…
Step forward for new nuclear at Wylfa
by New Power • • Comments Off
Horizon Nuclear Power has applied to the Office for Nuclear Regulation (ONR) for a nuclear site licence for its planned Wylfa Newydd power station. The site licence is a key stage in Horizon’s plan to build and operate two ABWR…
Ofgem moves to limit back-billing to 12 months
by Annabel Andrews • • Comments Off
Suppliers will not be allowed to back-bill customers for energy used more than 12 months ago under new proposals from Ofgem, expected to come into force later this year. Ofgem has written to energy suppliers to announce its intention to…
ACER rejects as ‘largely indequate’ European energy network modelling
by New Power • • Comments Off
Europe’s Agency for the Co-Ordination of Energy Regulators (ACER) has sent back proposals for a interlinked modeling of European gas and electricity markets, saying that “In the Agency’s view, the model is largely inadequate.” It said more work was needed…
Extra Energy remains in bottom place for business complaints handling
by Annabel Andrews • • Comments Off
Extra Energy has come bottom of Citizens Advice’s complaints league table for business customers for the second time, receiving a ratio of 1231.2 complaints per 10,000 customers. The ranking measures how effectively energy suppliers are dealing with complaints from small business…
Work starts on CCGT at King’s Lynn
by New Power • • Comments Off
Siemens is to start work at Centrica’s mothballed King’s Lynn power station in Norfolk, where it will install a new gas turbine and carry out major refurbishment . Centrica confirmed the investment into the 370MW combined cycle gas turbine (CCGT) in…
Submission window opens for 2017 CfD allocation round
by New Power • • Comments Off
The submission window for applications into the 2017 Contracts for Difference (CfD) Allocation Round opened at 9am and will close at 5pm on 21 April. The EMR Delivery Body urged potential bidders to submit applications as early as possible so…
Competitive water market opens
by New Power • • Comments Off
Business customers should be able to switch and choose a supplier for their water from today. Eligible businesses, charities and public sector companies can choose to have one retailer for their water supply and another for wastewater services, or one…