Ratings agency Moody’s has downgraded EDF’s ratings to A3/P-2 with a stable outlook. The rating related to EDF’s long-term issuer and senior unsecured ratings, which were formerly A2. The company’s perpetual junior subordinated debt ratings were downgraded to Baa3 from Baa2…
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Northern Ireland to review renewable energy planning policy
by Annabel Andrews • • Comments Off
Northern Ireland’s infrastructure minister Chris Hazzard has announced a review of planning policies on renewable energy and countryside development, expected to be completed in 2018. Speaking as he announced the review, Infrastructure Minister Chris Hazzard said: “As Minister with responsibility…
Labour’s Barry Gardiner: renewable energy industry must be unionised
by New Power • • Comments Off
The renewables industry has to unionise and offer better conditions to its workforce, Labour energy and international trade shadow secretary Barry Gardiner said today. Speaking at a fringe event at the Labour Party conference, Gardiner said: “There is a problem…
UK Power Reserve bringing 60MW into operation
by New Power • • Comments Off
UK Power Reserve (UKPR) has made significant progress at three new power stations totaling nearly 60MW of capacity. The gas-fired generators at Bristol Road, Tonypandy and Carrington are part of UKPR’s 524MW development portfolio. The projects reuse previous gas work…
SmartestEnergy certifies carbon content of renewable electricity for its business customers
by Annabel Andrews • • Comments Off
SmartestEnergy is issuing 500 UK companies Energy Labels, which specify the source and carbon content of the clean electricity these companies buy. The labels are designed to boost the renewables industry and provide increased confidence to business consumers. The labels look like…
Number of energy complaints halved since 2014
by Annabel Andrews • • Comments Off
The total number of energy complaints has halved since 2014, but customers who make a complaint are less satisfied with how their supplier handles it compared to two years ago, according to Ofgem’s biennial complaints survey. The suppliers who came out worst…
Five National Grid sites to go up for auction
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Five small sites owned by National Grid will be sold at auction on 11 October, agent BNP Paribas Real Estate has announced. BNP Paribas became National Grid Property’s Real Estate service provider in April this year in a three year…
First Tesla grid-scale batteries in Europe arrive on site in Somerset
by Annabel Andrews • • Comments Off
Camborne Energy Storage is installing the very first grid scale Tesla Powerpacks in Europe. The UK-based energy storage developer is co-locating the batteries with a ground mounted solar PV site in Somerset. The combined solar and battery installation has the capacity to…
UK government plans to ratify the Paris climate agreement by the end of the year: reactions
by Annabel Andrews • • Comments Off
Greenpeace UK executive director John Sauven said: “This signal is a welcome moment of clarity amidst the all-pervading Brexit uncertainty, but it could have come with a much speedier timetable. Some of the world’s major economies have already ratified the…
Ofgem opens probe into Economy Energy Trading
by New Power • • Comments Off
Ofgem has launched an investigation into sales practices by Economy Energy Trading Limited. The company supplies electricity and gas to domestic customers mostly on pre-payment meters. Citizens Advice service raised concerns with Ofgem in July 2016 relating to a high…