New research by Arup for ScottishPower Renewables suggests that onshore wind to become the lowest-cost form of new energy generated in the UK if it were included in the existing Contract for Difference (CfD) mechanism. The report, Established Low Carbon Electricity…
Editor's blog
The things consumers do for 0.0001p
by New Power •
Talk of time of day tariffs sometimes hit an impasse when the amount of money that customers can save by moving out of peak time is calculated. It’s often just pennies. But there is no need for the industry to…
News
Government’s EV targets too cautious, says Baringa Partners
by Annabel Andrews •
Nearly 1 in 5 people said they would consider an electric car for their next vehicle, but government needs to work harder to remove barriers and ensure continued support for the industry, says business and technology consultancy Baringa Partners. Electric vehicle uptake…
News
RSPB Scotland denied appeal over offshore wind farm
by New Power •
Work is expected to start next year on a major offshore wind farm in the Firth of Forth, after RSPB Scotland was denied permission to appeal an earlier go-ahead. Developer Mainstream Renewable Power welcomed a decision by the Court of…
News
Drax reveals £83m pre-tax loss for first half of 2017
by Annabel Andrews •
Drax Group Plc has blamed currency hedging and depreciation of its coal generation assets for the firm’s £83m pre-tax loss, announced in its results for the six months ending 30 June 2017. Cheif executive Dorothy Thompson said: “Delivering reliable renewable electricity…
News
Using EPC in mortgage calculators could allow buyers to borrow thousands extra cash, report says
by Annabel Andrews •
Many homebuyers would be able to take out a larger mortgage if the property’s energy performance rating was factored into the lending criteria of mortgage providers, according to new research. The LENDERS project has mapped how the energy performance rating…
News
UK Power Networks sets out its strategy for transformation into DSO
by Annabel Andrews •
UK Power Networks has launched a strategy consultation paper outlining its vision for the future of its network, which delivers electricity to London, the East and South East. The paper sets out how the company will transform from being a…
Longread
Uniper’s UK chair Felix Lerch talks about restructuring and repositioning the company
by New Power •
Job losses at Uniper, the fossil fuel and commodities company spun out of E.On, will continue until the end of the year, admits UK chair Felix Lerch. He told New Power in a wide-ranging interview that streamlining the company is…
Perspective
OPINION: Contracts for difference – or for a different kind of wholesale market?
by New Power •
Contracts for difference are a small part of the wholesale market now, but soon they will be affecting market behaviour, argues Mark Meyrick Under the government’s Electricity Market Reform, its replacement for the Renewable Obligation is now upon us. The…