January news in brief
The Interim Levy Rate increases from zero to £0.956 per MWh on 1 January 2017. Suppliers must ensure they have sufficient credit cover lodged by 17.00 on 30 December to meet the rate increase.
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Supplier chiefs want more oversight from Ofgem
Two energy suppliers in UK energy markets have closed this winter.
Macquarie into Race Bank
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.
RHI wins reprieve
Changes announced to the reformed Renewable Heat Incentive (RHI) have been welcomed by the renewable heat industry.
Ofgem warnings to market
Ofgem has opened an investigation into whether there has been an infringement of Chapter I of the Competition Act 1998, which concerns anti-competitive agreements and concerted practices.
Drax: CfD go-ahead, new projects acquired
CfD go-ahead, new projects acquired
Drax has announced plans to buy Opus Energy, together with four open cycle gas turbine (OCGT) development projects.
Japan considers Wylfa funding
The planned Wylfa Newydd nuclear power plant in Wales could attract more than £8 billion of funding from Japan alongside British government funding, reports Nikkei Asian Review.
Ovo pays penalty
Ofgem has agreed a redress package with Ovo Energy rather than take enforcement action over poor service.
E.On links with retailer
SSE and retailer Dixons Carphone have joined forces to develop ‘connected home’ solutions. They will use Dixons Carphone’s aftercare service Knowhow, and digital platform honeyBee.
Standard tariffs
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