Government projections that there will be two million electric cars on the road by 2020 are understated, says Tim Payne, chief executive of new fast-charging company InstaVolt. In a New Power interview Payne says there is a ‘perfect storm’ of…
News
Dong Energy to phase out coal by 2023
by Annabel Andrews • • Comments Off
Dong Energy has announced it will convert all its remaining coal-fired power stations to biomass by 2023. “We’ve decided to take the final step and phase out the use of coal at all our power stations. The future belongs to…
BayWa r.e. sells three solar farms
by New Power • • Comments Off
BayWa r.e. has sold three British solar farms to Allianz Renewable Energy Fund II managed by Allianz Global Investors. Combined, the three solar farms have a total output of around 100MWp. BayWa r.e. has now sold all of the solar…
Centrica orders two 50MW gas-fired plants from Wärtsilä
by Annabel Andrews • • Comments Off
Centrica has ordered two 50 MW Smart Power Generation plants from Wärtsilä. The energy company secured agreements for more than 500MW of new build power facilities in the latest capacity market auction. The two new plants are based on five Wärtsilä 34SG…
Ofgem consults on changes to tariff options
by Annabel Andrews • • Comments Off
Ofgem has put out its final proposals aimed at helping customers make informed choices about their energy tariff. The consultation forms part of the regulator’s commitment to rely more on enforceable principles rather than detailed rules about how suppliers should run…
Code adminstrators facing major industry change call on Ofgem for leadership
by New Power • • Comments Off
The energy industry’s code administrators face a ‘crunch’ in delivering arrangements for major change in the next two years, along with huge political and regulatory uncertainty, at a time when the code arrangements themselves are in flux. “Ofgem needs to…
Ten thousand businesses ‘missing out on energy flexibility ‘cashback’ opportunity’
by New Power • • Comments Off
More businesses can save money by avoiding power ‘congestion charging’ and shifting their use, say companies who help them deliver the service. One such, SmartestEnergy, said it had estimated that nearly 10,000 UK businesses could each potentially save £20,000 or…
Innovation Exchange aims to cut offshore wind costs with disruptive technologies from outside the sector
by New Power • • Comments Off
The Offshore Wind Innovation Hub has launched its first programme, the Offshore Wind Innovation Exchange (OWIX). It aims to accelerate cost reduction in offshore wind by matching industry challenges with innovative solutions adapted from other sectors of the economy. This…
Cost of offshore wind falls 32% in five years
by Annabel Andrews • • Comments Off
The cost of energy from offshore wind has fallen by 32% since 2012 and is now below the joint UK Government and industry target of £100 per megawatt hour (MWh) four years ahead of schedule, according to a new report…
British Gas Business pays out £9.5 million after new billing system hits customer service
by New Power • • Comments Off
British Gas Business is to pay £9.5 million in redress for failings in its registrations, complaints handling and billing processes for its 400,000 business customers. It will make direct payments to affected micro-business customers, and payments to the charity the…