Increased business volumes and FIT growth have helped Good Energy achieve a 39 per cent increase in earnings before interest, tax, depreciaton and amortisation (EBITDA). Announcing its unaudited annual results for the year ending 31 December 2016, the renewable energy…
Perspective
OPINION: a holistic approach is crucial to establishing the credibility of DSR
by New Power •
Robert Owens, VP asset optimisation at SmartestEnergy, argues that DSR providers must maintain standards to maintain confidence in this important new market With this week’s Transitional Arrangements auction clearing higher than expected at £45/kW, there is now a chance…
News
Gwynt y Mor Ofto told: no paperwork, no ‘exceptional event’
by New Power •
Gwynt y Mor OFTO, the company that owns and operates the link connecting the offshore wind farm to the GB network, has failed to convince regulator Ofgem that it should get revenue payments for a period while the link was…
News
Renewables Obligation generators contributed 23.4% of total UK electricity in 2015-16
by Annabel Andrews •
Power stations accredited under the Renewables Obligation generated 69.1TWh of electricity in 2015-16, according to the Ofgem E-Serve Renewables Obligation (RO) Annual Report for 2015-16. This was equivalent to 23.4% of the total electricity supplied to the UK of 295.8TWh. Combined…
News
Should energy prices be regulated? More comment
by New Power •
The debate over whether domestic energy should be subject to price controls has expanded. Former regulator Professor Stephen Littlechild joined other ex-regulators in a letter to the Telegraph that said, “Retail energy price controls would have an adverse effect on…
News
New Citizens Advice tool rates energy companies on customer service
by Annabel Andrews •
Citizens Advice has launched a new online tool so that customers can quickly and easily see how the 18 biggest energy suppliers compare at customer service. Recent research by Citizens Advice found that, while price was the biggest factor when…
News
European Commission clears General Electric takeover of LM Wind Power
by Annabel Andrews •
The European Commission has approved unconditionally the acquisition of LM Wind Power of Denmark, by General Electric Company of the US. The Commission concluded that the merged entity would continue to face effective competition in Europe. General Electric produces onshore and…
Flash update, News
Neart na Gaoithe retains CfD after arbitration ruling
by New Power •
A Contract for Difference for the 450MW Neart na Gaoithe (NnG) ofshore wind farm remains in place, owner Mainstream Renewable Power has said. The CfD counterparty, the Low carbon Contracts Company (LCCC) and NnG had submitted a dispute relating to…
News
BEIS Committee to investigate electric vehicle market
by Annabel Andrews •
The Business, Energy and Industrial Strategy (BEIS) Committee is to look at the role of electric vehicles in the transition to a low carbon economy and as part of the government’s recently published industrial strategy. In a new short inquiry, the…