European utilities want to sell assets and the price they are prepared to sell for has fallen, according to a new report from EY. EY’s annual benchmarking report on European utilities’ asset impairments said, “power and utilities companies will ……
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Long term decisions needed on new and existing networks, says ETI
by Annabel Andrews • • Comments Off
The UK will need to upgrade the current networks infrastructure if it is to create a low carbon energy system, according to a new report from the Energy Technologies Institute (ETI). Current governance and regulatory frameworks are not designed to…
Wylfa expects design approval in December 2017 after regulator clears ‘serious regulatory issue’
by New Power • • Comments Off
Generic Design Approval (GDA) for the nuclear reactor to be constructed at Wylfa is on track for December 2017, according to the Office for Nuclear Regulation (ONR), after developer Hitachi-GE provided answers to a ‘serious regulatory shortfall’. Of major concern…
3i Infrastructure to acquire landfill gas company Infinis
by Annabel Andrews • • Comments Off
3i Infrastructure plc (“3i Infrastructure”) has signed an agreement to invest approximately £185m to acquire 100% of Infinis plc and its subsidiaries, which together own the landfill gas (LFG) interests of the Infinis Group. Infinis is the leading generator of…
Co-Operative Energy returns £1.8 million to poorly-served customers
by New Power • • Comments Off
Co-operative Energy has agreed to pay back £1.8 million to energy consumers, because it let customers down in its complaints resolution, call handling and billing processes, Ofgem says. Most of the money – £1.6 million – has already been paid…
Solar heat industry “will atrophy without support from Renewable Heat Incentive”
by Annabel Andrews • • Comments Off
The Solar Trade Association (STA) has written to energy minister Baroness Neville-Rolfe, urging her to retain solar thermal within the Renewable Heat Incentive (RHI). The letter was co-signed by 21 organisations, representing the solar industry, local government, manufacturers, housing providers,…
Attractiveness of UK renewables investment “drops to a new all-time low”, says EY
by Annabel Andrews • • Comments Off
The UK renewable energy sector has continued to lose its appeal to investors, dropping to a new all-time low in EY’s table of the world’s most attractive renewable energy markets. The firm said uncertainty caused by Brexit, the dismantling of…
Ofgem opens Priority Services Register to more vulnerable energy customers
by Annabel Andrews • • Comments Off
More energy customers will be eligible for help under Priority Services Register scheme, including customers with mental health problems or injuries, Ofgem announced this week. The Priority Services Register helps vulnerable customers get free services from network operators and suppliers to…
Renewables surpass coal as largest installed power source in the world
by Annabel Andrews • • Comments Off
The International Energy Agency said today that renewables surpassed coal last year to become the largest source of installed power capacity in the world. The IEA said it has significantly increased its five-year growth forecast for renewables thanks to strong policy…
Scottish Affairs committee accuses government of complacency
by New Power • • Comments Off
Pete Wishart, chair of the House of Commons Scottish Affairs Committee, has accused the government of complacency over the future of renewables in Scotland. As the government’s response to the committee’s report on renewable energy in Scotland was published, Wishart…