Generators will lose around three months of revenue in 2018 – around £100 million – due to the loss of Capacity Market payments over the coming winter, according to ratings agency Moody’s. If the scheme is not successfully reinstated or…
Flash update
BEIS seeks immediate State Aid approval for 2019/20 Capacity Market auction
by New Power •
The government is seeking immediate State Aid approval from the European Commission to run a T-1 Capacity Market auction in the coming months to cover winter 2019/20. The auction was due to start on 29 January 2019, but a European Court…
News
Npower survey finds most energy managers know little about DSR
by New Power •
More than two thirds (69%) of energy managers are not aware of energy management strategies like demand side response (DSR), according to new research commissioned by npower Business Solutions. Npower said curbing energy use and reducing energy consumption to outside peak hours…
Perspective
Capacity Market ruling: the industry responds
by New Power •
The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market passes State Aid tests. See story here. The industry responds: Erik Nygard, chief executive & co-founder, Limejump: “In these circumstances, the abruptness of such a decision…
Editor's blog
Grab some easy wins on heat
by New Power •
A huge amount of heat is wasted in the UK and it’s great to see that BEIS has made £18 million in grants available to reduce waste from at least one source – industrial waste heat. BEIS has offered to…
News
European court annuls State Aid clearance for GB Capacity Market
by New Power •
The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market passes State Aid tests. The ruling follows a legal challenge submitted by demand response specialists Tempus Energy, which claimed the Capacity Market allows fossil fuels to…
News
Spark Energy in merger talks after missing £14.4M RO payment
by New Power •
Energy supplier Spark Energy is in talks over a merger after it missed a Renewables Obligation payment of £14.4 million, due by 31 October. Chief executive Chris Gauld, who led a management buyout of the company in 2016, told the…
News
Lords seek reassurance from minister over post-Brexit energy and carbon prices
by New Power •
Members of an influential parliamentary committee have raised fears over government’s planning for the energy industry after Brexit, raising fears that it could raise prices, damage carbon markets and damage the Single Electricity Market between Northern Ireland and the Republic…
News
Hornsea 1 deal dominates European power transactions in Q3 2018
by Annabel Andrews •
Across Europe, renewables represented 76% of M&A deal value (US$8.1b) and underpinned a weaker-than-expected quarter, with an overall 78% decline in deal value in Europe to US$10.1b. This figure was largely due to the $5.9b sale of 50% of the Hornsea 1…