Downing LLP has acquired the land and associated lease income related to a 200MW operational onshore wind farm in the Scottish Highlands. This investment was made by Downing Sustainable Investment, a bespoke investment vehicle for UK charitable institutions that provides…
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Dogger Bank exports first power on the way to becoming the world’s largest offshore wind farm
by New Power •
Power has been exported to the GB grid for the first time from Dogger Bank offshore wind farm, which will become the world’s largest. Over three phases, by 2026 the project will eventually have a capacity of 3.6 GW –…
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Drax launches demand flexibility scheme for business customers
by New Power •
Drax has launched a new flexible electricity scheme in which businesses will be paid to reduce their electricity consumption during times of peak demand and high prices. The ElectriFlex will see businesses customers receive payment per MWh to reduce electricity…
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New parties will be able to offer consumers cash for flexibility from November 2024
by New Power •
Ofgem has agreed a market change that will allow consumers to get the benefit of providing demand response from other parties as well as their supplier. It approved a Balancing and Settlement Code Modification (modification number P415) on ‘Facilitating access…
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Northern Powergrid to open new flexibility tender
by New Power •
Northern Powergrid has announced its latest tender bid for flexibility service providers in the North East, Yorkshire and northern Lincolnshire.The latest tender invites providers across thirteen targeted locations to provide 5 MW of flexibility between December 2023 and March 2024,…
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Ofcom refers public cloud infrastructure services market to CMA
by New Power •
Ofcom has referred the public cloud infrastructure services market to the Competition and Markets Authority for investigation, after it completed a market study that identified features that make it more difficult for UK businesses to switch and use multiple cloud…
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UKPN seeks 850MW of flexibility
by New Power •
UK Power Networks has opened its largest ever flexible electricity offering. The tender round is seeking up to 850MW of flex – both demand turn-up and demand reduction – across 452 different zones in its London, East and Southeast England…
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SSEN opens up data on network use with ‘near real time’ granular view to LV feeders
by New Power •
Stakeholders can now get access to constantly updated network usage data in Scottish and Southern Electricity Networks (SSEN’s) service areas, after the distribution network operator (DNO) released a ‘beta’ version of a new tool for public use. The Near Real-time…
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Ofgem prepares to find new licensee to run smart meter data and communications hub
by New Power •
Ofgem is preparing for a competitive process for a new licensee to undertake data and communications services for Great Britain’s smart energy meters. The licence – whose current cost to consumers is £600-700 million per year – is currently held…