The Competition and Markets Authority has promised ‘over 30′ changes in the energy industry to improve competition in what it described as “the most comprehensive investigation into the energy market since privatisation”. The changes will be accomplished via a combination…
News
UK’s idle gas-fired plants could be sold to Africa
by New Power • • Comments Off
Mothballed UK gas turbines could be exported to Africa, Silvia Stefini, gas product line leader, Europe, for GE’s Power Services business, told New Power. Exporting second hand engines “gives some value to an asset they no longer use,” said Stefini.…
Good Energy raises over £3.1million in oversubscribed share offer
by Annabel Andrews • • Comments Off
Independent energy supplier Good Energy has raised £3.1million and reported a significant oversubscription in its latest share offer. The company said the majority of the 2,000 individual applications were from Good Energy customers. Shares cost £2.08 each, with a minimum application value…
Nestlé signs deal with Community Windpower to supply half its UK electricity
by Annabel Andrews • • Comments Off
A Community Windpower wind farm in the Scottish borders will power half Nestlé’s operations in the UK and Ireland when it is completed in 2017. This new deal, an initial 15 year partnership with Community Wind Power, will see a brand…
Decc opposes CMA remedies on nuclear CfD transparency, auction visibility
by New Power • • Comments Off
The Department of Energy and Climate Change (Decc) wants the Competition and Markets Authority (CMA) to rethink its proposed remedies in awarding Contracts for Difference for low carbon projects. Decc opposes the CMA remedies for both negotiated and auction-allocated CfDs.…
Ofgem happy with SSE’s commitments to boost competition in connections business
by Annabel Andrews • • Comments Off
Ofgem is satisfied that legally binding commitments from SSE following the regulator’s investigation into the company’s behaviour hampered competition in the market for connecting new developments to SSE’s electricity distribution networks. Ofgem’s investigation identified competition concerns relating to SSE’s behaviour in providing…
Second Norway-GB interconnector awarded licence
by New Power • • Comments Off
Ofgem has awarded NorthConnect an interconnector licence for a 650km link to transmit power between Scotland and Norway. The 1400MW High Volage DC (HVDC) connection already has planning permission for an HVDC convertor station near Peterhead. Applications for the cable…
ETI project to explore future for hydrogen, gas and electricity networks
by New Power • • Comments Off
The Energy Technologies Institute (ETI) has begun a £300,000 project to understand how new ‘energy vectors’ will affect energy systems. The ETI said energy vectors – electricity, gas and hydrogen – are capable of delivering multiple services. This project will…
Scottish Government awards £1.5M for offshore wind development
by New Power • • Comments Off
The Scottish Government has made a £1.5 million grant to the Carbon Trust to support its Offshore Wind Accelerator research and design programme. Set up in 2008, the Accelerator drives new technologies in the offshore wind sector. Previous funding rounds…
Select committee: low carbon needs independent national system operator and local balancing
by New Power • • Comments Off
The GB network should have an independent system operator to ensure that conflicts of interest do not arise, according to a new report from the Commons Select Committee on Energy and Climate Change. The MPs said the change should be…