The government should make clearer its criteria for agreeing ‘sector deals’ for industrial support and ensure they are set up with the support of the entire sector, MPs on the Business, Energy and Industrial Strategy Select Committee have warned, and it…
News
Ofgem gives the nod to Shetland link, aims to reduce costs with ‘competition proxy’
by New Power •
Ofgem is ‘minded to’ give the go-ahead to plans for a 600MW subsea electricity transmission link from Shetland to mainland Scotland to export power from wind farms. But the regulator is consulting on making approval conditional on a Contract for Difference (CfD) being awarded to the Viking Energy wind…
News
Tram contract win for Robin Hood Energy
by New Power •
Robin Hood Energy has won a “multi-million pound” contract to supply 100% green electricity to power the tram network in Nottingham. NET operator Nottingham Trams’ supply will move from a ‘big six’ energy provider to Robin Hood Energy from 1…
News
Engie disposal and acquisition continues flexible low-carbon transition
by New Power •
Engie has acquired Tiko, a Swiss startup whose technology connects electrical equipment (water heaters, heat pumps, solar panels, batteries, electrical outlets etc.) to a platform and makes them controllable. Users can participate in schemes to aggregate connected homes and offer flexible energy consumption, generation…
News
Interconnector access rules agreed to cover no-deal Brexit
by New Power •
Fall-back access rules have been agreed for three electricity interconnectors linking the GB market with its continental neighbours. The rules will apply in the event of a ‘no-deal’ Brexit. There are access rules for the IFA link with France, the…
Longread
From the archive: Jens Madrian says the future is data – the more granular the better
by New Power •
Jens Madrian spent many years at RWE, finally as chief financial officer at Npower. Now he has joined a ‘smart energy’ company, Reactive Technologies. In 2016 he spoke to Janet Wood about moving from a ‘big six’ company to a…
News
Spring Statement and low-carbon homes: the industry responds
by New Power •
Barny Evans, head of energy, waste and sustainable places, WSP: “The future of homes standard announcement, due in 2025, is welcome. It builds on the Committee on Climate Change’s report which called for all new homes to be all-electric from 2025. We have…
News
Ovo takes stake in blockchain company Electron
by New Power •
Ovo has taken a minority stake in blockchain company Electron, through its company Kaluza. Electron will use the proceeds of Kaluza’s investment to accelerate the development and deployment of its distributed flexibility marketplace. The deal is the first strategic investment for…
Flash update
Brexit updates
by New Power •
BEIS has put forward further updates on the possibility of a ‘no-deal’ Brexit in response to an earlier stakeholder engagement meeting. Among them: Remit: Registered market participants (MPs), will not need to take any action to trade in GB, as…