Green Energy UK has launched a variable tariff for residential electricity customers, claiming it will give customers more control over their energy bills. The new tariff is called TIDE. Doug Stewart, Green Energy UK’s chief executive, said: “The introduction of…
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Macquarie to buy half 573MW Race Bank wind farm from Dong
by Annabel Andrews • • Comments Off
Dong Energy has entered into an agreement to sell 50% of its 573MW UK offshore wind farm project at Race Bank to Macquarie Group – with equal interests. Race Bank is currently in advanced stages of construction and is…
Renewable heat industry welcomes reforms to RHI
by Annabel Andrews • • Comments Off
Changes announced to the reformed Renewable Heat Incentive (RHI) have been welcomed by the renewable heat industry. The government announced that solar heat would still be supported by the new scheme and support will increase for large and industrial biomass projects.…
NI Utility Regulator revokes Open Electric’s supply licence
by Annabel Andrews • • Comments Off
NI energy supplier Open Electric has ceased trading and had its licence revoked by the NI Utility Regulator. The company’s customers will now transfer under supplier of last resort arrangements to Power NI, which is the price-regulated supplier in Northern Ireland.…
Drax passes State Aid test for third biomass conversion
by New Power • • Comments Off
The European Commission has concluded that UK support for the conversion of a unit at the Drax power station, so it uses wood fuel instead of coal, complies with EU State Aid rules. The 645MW capacity unit will be the…
BayWa r.e. sells three UK solar farms with a total capacity of 30MW to Greencoat Solar
by Annabel Andrews • • Comments Off
BayWa r.e. has sold three of its UK solar farms with a total capacity of 30 MW to Greencoat Solar I LP, a newly-established vehicle managed by Greencoat Capital. The projects are located in south Wales, Cornwall and Kent. BayWa r.e.…
Over 90% of SSE and Utility Warehouse customers on expensive standard variable rate tariff
by Annabel Andrews • • Comments Off
According to a new league table published by Ofgem, Utility Warehouse and Scottish and Southern Electricity (SSE) have the highest proportion of customers stuck on a standard variable tariff, with 94% of Utility Warehouse customers and 91% of SSE customers…
Economy Energy contracts National Grid Smart for smart meter rollout
by New Power • • Comments Off
Economy Energy has contracted National Grid Smart to install smart meters in 50,000 homes in 2017. Economy Energy has around 180,000 customers with gas, electricity and dual-fuel deals and the company said its aim is “to have its entire customer…
SSE links with Dixons Carphone to develop ‘connected homes’ offerings
by New Power • • Comments Off
SSE and retailer Dixons Carphone have joined forces to develop ‘connected home’ solutions. They will use Dixons Carphone’s after-care service Knowhow, and digital platform honeyBee. The partners say the combination aims to bring connected home benefits to everyone, “not just…
E.On, Shell and and Schlumberger invest £5m in kite power generation firm
by Annabel Andrews • • 1 Comment
E.On, Shell and and Schlumberger have invested £5m in British start up Kite Power Systems (KPS), which makes high-altitude wind power generation technology. This latest investment will support the company’s plans to deploy a 500 kilowatt power system at West Freugh in…