Ofgem has promised to take action if it finds “sharp practice” in energy markets. There have been rising concerns about the prices taken in the so-called Balancing Market. Balancing costs refer to actions taken by the system operator, NGESO, at…

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Wind and solar power generators are achieving sharply increased prices in power purchase agreements (PPAs) across Europe, according to Level Ten Energy’s regular pricing index. Level Ten Energy, which provides transaction infrastructure, said that in Q2 across Europe average wind…

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Hitachi Energy has won an order from Ørsted to provide two high-voltage direct current (HVDC) systems to connect the Hornsea 3 wind farm, located more than 120km off the east coast, to the onshore network. Hornsea 3’s total capacity of…

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Water utility United Utilities has announced the sale of its renewable energy business, United Utilities Renewable Energy Limited to SDCL Energy Efficiency Income Trust plc approximately £100 million enterprise value. UURE comprises 69MW of renewable generation assets across 70 sites,…

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Ofgem will open an application window on 1 September for new interconnectors between the GB network and other countries to be financed under a ‘cap and floor’ regime, it has announced. The application window will close on 31 October. Alongside,…

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The fourth round of the Contracts for Difference (CfD) scheme has secured almost 11GW across a 93 projects representing a range of technologies, including offshore wind, solar, onshore wind, floating offshore wind and tidal stream. Almost 7GW has been secured…

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Energy supplier Ovo is to commit £1 million to offer premium power purchase agreements (PPAs) to renewable generators who are not eligible to receive subsidies through any government or industry backed schemes. The company aims to help incentivise more small-scale,…

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Property owners will be helped to plan their low carbon journey, in a new venture being launched by UK Power Networks. The company wants to help identify common challenges for organisations who expect to install measures like PV or electric…

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The Crown Estate has identified five broad ‘Areas of Search’ for the development of floating offshore wind in the Celtic Sea. It aims to offer project areas to the market by a competitive tender in mid 2023 to deliver 4GW…

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A new trial in Corby will use a new digital technology to allow local businesses and domestic properties to trade electricity. The project is being carried out jointly by Sitigrid and Electric Places, part of a not-for-profit Community Interest Company…

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