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…
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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…
Up to £1m co-funding available for industrial energy efficiency projects
by Annabel Andrews • • Comments Off
The government has launched a new £9.2m accelerator fund for innovative energy efficiency projects helping UK industry. The Industrial Energy Efficiency Accelerator (IEEA) is funded by the Energy Innovation Programme, led by BEIS, and will be delivered over the next…
REACTION: Industry responds to smart energy strategy from BEIS
by Annabel Andrews • • Comments Off
Tim Emrich, chief executive, UK Power Reserve, said: “Smart, flexible energy is the future of the UK electricity market, with fast-ramping technologies such as small-scale gas engines and battery storage close to centres of demand. We at UK Power Reserve have…
Onshore wind generation could be cheapest new energy if included in CfD mechanism, says Arup
by Annabel Andrews • • 1 Comment
New research by Arup for ScottishPower Renewables suggests that onshore wind to become the lowest-cost form of new energy generated in the UK if it were included in the existing Contract for Difference (CfD) mechanism. The report, Established Low Carbon Electricity…