Horizon Nuclear Power has called on US nuclear utility Exelon to provide expertise as it develops its plans to build a new nuclear plant, Wylfa Nywedd, in Wales. Horizon is planning to apply for a site licence for the project.…
Flash update
Submit tenders by Friday for Demand Turn-Up payments this summer
by Annabel Andrews •
Large energy users and aggregators who want to be paid to use power this summer have to submit their tenders by 5pm Friday. National Grid expects to have to manage excess generation of 3-5GW during the summer of 2017. The…
News
Low wholesale prices reduce EDF Energy profits by 29 per cent
by Annabel Andrews •
EDF Energy said today that lower wholesale prices were behind a 29% reduction in operating profit for its UK business. In 2016, the firm brought in an underlying operating profit of £470m, compared to £664m in 2015. This figure does not include a…
News
Toshiba delays results to investigate ‘inappropriate pressure’ over nuclear deal
by New Power •
Toshiba, parent of the company planning to build a new nuclear plant at Moorside in Cumbria, has announced a $6.3 billion write-down for its US nuclear subsidiary Westinghouse. Reuters said that would “wipe out its shareholder equity and will drag…
News
Government to keep FiT support for larger AD plants – for now
by Annabel Andrews •
The government has stepped back from its proposal to cut the support for anaerobic digestion plants above 500kW. The government’s review of support for Anaerobic Digestion (AD) and micro-CHP originally suggested cutting the Feed in Tariff for AD plants sized 500kW-5MW to zero.…
News
Ovo acquires smart energy management company Vcharge
by New Power •
OVO has acquired US energy technology company Vcharge. The US company’s technology uses algorithms to balance grid requirements with individual user requirements. The first application of the pioneering technology controls electric storage heating in social housing to better manage resident…
Perspective
OPINION: Tidal power can help cut carbon emissions
by New Power •
Andrew Crossland, energy storage specialist and blogger at MyGrid, says we should invest in tidal lagoons to increase the diversity of our energy supplies and reduce our carbon emissions The UK is committed to carbon reduction in all sectors of…
Longread
Energy suppliers: do they need more oversight?
by New Power •
Specialist management consultancy Baringa Partners has added its voice to companies supporting financial checks and ‘stress tests’ for energy suppliers. Ryan Thomson, partner at Baringa, said: “The energy market will struggle to support more than 50 active suppliers sustainably over…
News
Street lights converted to EV charging points
by New Power •
Three street lights in London’s Royal Borough of Kensington and Chelsea have been converted into electric vehicle (EV) charge points in the start of a trial with UK Power Networks and Ubitricity. The installation allows two local residents to charge…