SSE has agreed to sell a 16.7% equity stake in Scotia Gas Networks to wholly owned subsidiaries of the Abu Dhabi Investment Authority (ADIA), for £621 million based on an effective economic date of 1 April 2016. SSE owns half…
News
Capacity Market could bring forward 2GW of battery storage – and two new large gas plants
by New Power • • Comments Off
Batteries could provide almost as much storage as pumped hydro in four years time – if projects that have prequalified for the upcoming T-4 Capacity Market auction win contracts. Over 2GW of battery storage projects have prequalified to enter the…
Capacity Market: BEIS cap on Enterprise-funded schemes ‘does not go far enough’
by New Power • • Comments Off
The government has not gone far enough to stop companies from accessing ‘double subsidy’ that allows them to undercut more beneficial technology in the Capacity Market, according to a report produced by Ecuity for UK Power Reserve. The government has…
Community energy group celebrates solar-powered sewage success
by Annabel Andrews • • Comments Off
A celebration yesterday marked the first anniversary of community-owned renewable energy being used to treat sewage from Bodmin. Wadebridge Renewable Energy Network (WREN), South West Water (SWW) and Regen hosted the event at the 100kW solar array, which partially powers Nanstallon…
Ofgem: temper overambitious ‘Gone Green’ assumptions to manage network spend
by New Power • • Comments Off
National Grid has placed too much weight on its ‘Gone Green’ Future Energy Scenario in the way it proposes to assess where the electricity network requires immediate reinforcement, regulator Ofgem said. It has asked the System Operator to look again…
Bristol Energy plans renewable tariff after signing up local generators
by New Power • • Comments Off
Bristol Energy is set to add a renewable tariff to its offering. The company has signed power purchase agreements (PPAs) with a raft of local renewable energy sites and is looking for more. Managing director Peter Haigh told New Power…
Ofgem launches Future Insights programme
by Annabel Andrews • • Comments Off
Ofgem has today launched its Future Insights programme with the first in a series of discussion papers exploring the transformation of the energy system over the coming decades. With the Future Insights programme, Ofgem is planning to develop a strategic…
CMA consults on locational pricing for energy transmission losses
by Annabel Andrews • • Comments Off
The Competition Markets Authority is seeking views on its plans to introduce a locational pricing system for transmission losses. In its investigation into the energy market published in June, the CMA found that the absence of locational pricing for transmission losses…
Government should support pumped storage to help system operability and security of supply, report finds
by Annabel Andrews • • Comments Off
The government should consider options to support the market for pumped storage hydro to provide the long-term confidence required by investors. The recommendation came in a new report by DNV GL, commissioned by Scottish Renewables, into the benefits of pumped storage hydro…
Brechfa Forest West wind farm connection wins development consent
by New Power • • Comments Off
WPD has won development consent to install a 132kV electric line of 28.6km, connecting the consented Brechfa Forest West wind farm to an existing overhead line near Llandyfaelog. Overhead line will be employed for 25.3km of the new link and…