The ‘inertia’ that fossil fuel plants provide to the electricity system, which keeps the system in stable operation and allows it to ‘ride through’ disturbances, can largely be replicated by very fast response frequency control systems and synthetic inertia, according…
News
Energy suppliers offer unlimited use tariff and loyalty scheme to tempt customers
by Annabel Andrews • • Comments Off
Green Star Energy has launched a new ‘unlimited tariff’, as British Gas announced a new £100m customer reward programme. The new Green Star Unlimited 12M tariff, available only through comparison site comparethemarket.com until 5 March 2017, gives customers unlimited energy use…
Moyle interconnector at half power after subsea fault
by New Power • • Comments Off
The Moyle Interconnector, the 500MW electrical link between Northern Ireland and Scotland, is operating at a reduced capacity of 250MW. The fault occurred on Saturday 18 February when one cable tripped. Initial investigation has indicated that there is a cable…
Ofgem seeks partner to administer voluntary redress funds
by Annabel Andrews • • Comments Off
Ofgem has today published a contract notice for the procurement of an independent organisation to manage and allocate voluntary redress funds, which are paid to charitable bodies by energy companies in lieu of a penalty following wrong-doing or a failure…
Centrica plans to invest £100m in innovative tech start ups
by Annabel Andrews • • Comments Off
Centrica has announced a new venture, Centrica Innovations, that will identify, incubate and accelerate new technologies and innovations. The new business unit will include a venture fund of up to £100 million to invest in start-ups, in exchange for access to technology and entrepreneurial capability and resources.…
Horizon builds team to deliver new nuclear at Wylfa
by New Power • • Comments Off
Horizon Nuclear Power has called on US nuclear utility Exelon to provide expertise as it develops its plans to build a new nuclear plant, Wylfa Nywedd, in Wales. Horizon is planning to apply for a site licence for the project.…
Low wholesale prices reduce EDF Energy profits by 29 per cent
by Annabel Andrews • • Comments Off
EDF Energy said today that lower wholesale prices were behind a 29% reduction in operating profit for its UK business. In 2016, the firm brought in an underlying operating profit of £470m, compared to £664m in 2015. This figure does not include a…
Toshiba delays results to investigate ‘inappropriate pressure’ over nuclear deal
by New Power • • Comments Off
Toshiba, parent of the company planning to build a new nuclear plant at Moorside in Cumbria, has announced a $6.3 billion write-down for its US nuclear subsidiary Westinghouse. Reuters said that would “wipe out its shareholder equity and will drag…
Government to keep FiT support for larger AD plants – for now
by Annabel Andrews • • Comments Off
The government has stepped back from its proposal to cut the support for anaerobic digestion plants above 500kW. The government’s review of support for Anaerobic Digestion (AD) and micro-CHP originally suggested cutting the Feed in Tariff for AD plants sized 500kW-5MW to zero.…
Ovo acquires smart energy management company Vcharge
by New Power • • Comments Off
OVO has acquired US energy technology company Vcharge. The US company’s technology uses algorithms to balance grid requirements with individual user requirements. The first application of the pioneering technology controls electric storage heating in social housing to better manage resident…