Lord Teverson, chair of the European Union Energy and Environment Sub-Committee, has asked for urgent reassurance from the government that it will be able to take responsibility for the UK’s nuclear safeguards from 30 March next year when the UK…
News
Lloyds offers small businesses Hinkley Point C support
by New Power •
Lloyds Bank has announced a £100 million fund to provide discounted lending for small businesses so they can bid for supply chain opportunities at Hinkley Point C. Small business customers can apply to the fund which will waive arrangement fees on lending directly…
News
Capacity Market ‘shares CfD auction flaw’, says Inenco
by New Power •
The Capacity Market’s ‘pay as clear’ auction format means consumers end up over-paying for the plant secured, according to Inenco. The company made the claim in response to a National Audit Office finding that consumers would over pay by £100…
News
Green finance collapses: government must act now to plug growing gap, says EAC
by New Power •
There has been a “dramatic and worrying collapse” in low-carbon investment since 201, says the Environmental Audit Committee (EAC), and it threatens the UK’s ability to meet carbon targets. The Committee said the government must “urgently plug the policy gap”.…
News
PAC hits out at BEIS over RHI’s ‘woefully low’ take-up and lack of financial and air pollution controls
by New Power •
There has been “woefully low” takeup of the Renewable Heat Incentive (RHI) scheme run by the Department for Business, Energy and Industrial Strategy (BEIS), says the Public Accounts Committee (PAC), and it has failed to provide value for money by…
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Anesco to step up battery investment
by New Power •
Anesco is on track to more than quadruple its operational battery portfolio by 2020. The company claims a 22% share of all operational utility scale storage units in the UK and 47% of the non-EFR capacity. Now it plans to reach…
Longread
Legislation outlawing data flows between gas and electricity System Operators ‘not fit for purpose’ as cold snap tests interaction
by New Power •
Fully separating National Grid’s electricity system operator (ESO) functions from the transmission owner has thrown into relief the different approach taken over gas, and the limits to information flow between the two parts of the energy system at times of…
News
London set to launch tender for dedicated energy supplier
by New Power •
London Mayor Sadiq Khan is set to launch a tender this week for a new energy company to supply Londoners. The initiative is part of the London Environment Strategy, published last week, which includes carbon budgets aiming to reduce the amount of greenhouse gasses…
News
Proposal over EV charging control sets DNOs at odds with new flex market
by New Power •
Network company SSEN has put forward proposals that would allow distribution network operators (DNOs) to halt vehicle charging in the event of stress on the local grid. The proposal was seen by companies speaking to New Power as likely to…