Eon chief executive Johannes Teysson says the energy sector must change the narrative on climate change, minimise costs of decarbonisation and start working on today’s challenges instead of trying to design perfect long-term solutions. Much of the heavy lifting, he suggested, can be done by better use of existing power grid infrastructure. Speaking at Aurora’s Read more…
Ofgem chief: Decarbonising heat the biggest energy challenge
“Sanguine” about the challenge of decarbonising power and “relatively sanguine” about transport, Dermot Nolan is “far more nervous” about decarbonising heat – and its impact on bill payers. Speaking at Aurora’s spring forum, Ofgem’s chief executive said decarbonising transport would throw up “challenges of equity”, because some people will benefit from lower costs by using Read more…
Iain Conn: We will use a lot more gas before we use less
“Natural gas is absolutely crucial and we are going to use more of it before we use less,” according to Centrica CEO, Iain Conn. Speaking at Aurora’s Spring Forum, Conn suggested using hydrogen for heating is “unlikely to be practical”. He said British Gas, instead of installing boilers in homes, will ultimately install heat pumps, Read more…
Smart meters: SSE appoints SMS to do SMEs
SSE has signed Smart Metering Systems (SMS) as preferred national supplier to rollout 200,000 smart meters to its small and medium sized business customers (SMEs). The meters will be the fully smart variant, or Smets2 units. Glasgow-based SMS claims it manages some 2.8 million metering and data assets across the domestic and non-domestic sectors. “We are Read more…
Tempus challenges Polish capacity market
Tempus Energy has launched a new legal challenge, turning its sights on the state aid approval of the Polish capacity market. The company, which successfully challenged the state aid approval of the UK Capacity Mechanism (CM), resulting in its suspension following an ECJ ruling, points out that the Polish CM also discriminates between technologies: New Read more…
RedT launches strategic review and fundraise, shares dive
AIM-listed energy storage company, RedT, has announced a strategic review and fundraising in order to secure working capital. It has issued a conditional £940,000 placing and is separately trying to raise up to £2.26m from shareholders. Both issues were on Thursday priced at 2p, representing a 44.8 per cent discount to Wednesday’s closing price of Read more…
National Grid warns of ‘five years of missed opportunities’
National Grid has issued a robust assessment of Ofgem’s price control proposals, urging the regulator to rethink its plans or oversee “five years of missed opportunities for consumers”. The company wants 5.5 per cent returns. Ofgem proposes 4 per cent. Ofgem aims to deliver a tougher price control after setting a framework (RIIO1) that allowed Read more…
Innogy finance chief: winding down Npower an option
Innogy chief finance officer Bernhard Günther said all options are on the table for Npower, including winding down the business. On an analyst call, Günther said Innogy expected a negative Ebit contribution from UK retail of around €250m in 2019 and perhaps €150m in 2020. “Based on the current market situation, we don’t give any Read more…
Government mulls energy efficiency auction scheme
Government is considering how to design an auction-based approach to energy efficiency. The department for business, energy and industrial strategy (Beis) hopes to increase uptake of energy efficiency measures by the UK’s 5 million small and medium sized enterprises (SMEs). Beis is also mulling whether to implement a business energy efficiency obligation, or Business Eco, Read more…
Drax gets consent for 299MW gas peaker at Rookery South
Drax has been granted developmental consent by secretary of state Greg Clark for a 299MW open cycle gas turbine (OCGT) at Rookery South, a former clay pit near Stewartby, Bedfordshire. The site is also earmarked for an energy from waste facility, the subject of long-running disputes and appeals. Drax plans to build the plant through Read more…
Get your free ticket to edie Live 2019
Join the UK’s leading energy, sustainability and resource professionals at edie Live 2019. Discover innovative energy solutions; be inspired by thought leadership and best practice case studies to accelerate the transition to low-carbon; overcome your business challenges with energy industry experts in free consultations; and pinpoint future strategy to prepare for the long term. At Read more…
£100m tab for failed energy suppliers
Energy suppliers may face another big Renewables Obligation (RO) bill after a spate of market exits. Cornwall Insight forecasts a potential shortfall in the RO Buyout Fund of up to £43.8m for 2018-19. Under the Renewables Obligation, energy suppliers are obliged to buy a certain amount of power from renewable sources. If they do not, Read more…
Commission adopts new energy efficiency labels
The European Commission has adopted new energy labels that should help people more easily determine which TVs, fridges, dishwashers and washing machines are more energy efficient than others. Across the bloc, improving energy efficiency has reduced demand around 20 per cent since 2000. The Commission has set a target of 30 per cent by 2030. Read more…
Shell: We will be world’s biggest power company
Shell believes it can be the world’s biggest power company by the early 2030s driven largely by renewables and gas. It thinks electrification will grow rapidly and eyes double digit returns from smart trading and management of flexibility. In an interview with Bloomberg TV, Maarten Wetselaar, Integrated Gas & New Energies director, said the company is Read more…
Ovo takes stake in blockchain firm Electron
Ovo has taken a minority stake in blockchain company Electron, through its company Kaluza. Electron will use the proceeds of Kaluza’s investment to accelerate the development and deployment of its distributed flexibility marketplace. The deal is the first strategic investment for Kaluza, a new division within Ovo that develops and manages software and hardware to support Read more…
EVs, smart charging, V2G: Free conference, 9 April
Public and private sector organisations considering deploying electric vehicles (EV) charging infrastructure and/or switching fleets to battery-powered cars are invited to The Energyst’s EV Event. The conference, taking place 9 April, central London, provides a snapshot of the route from here, through smart charging, to vehicle to grid services – and the challenges and opportunities Read more…
Beis plans T-3 Capacity Market auction, renewables included
The department for business energy and industrial strategy is consulting further on changes to the Capacity Market that would enable wind and solar projects to be included, make changes in the way interconnectors participate, and prepare for a ‘T-3′ auction to be held in early 2020. The consultation assumes the European Commission will grant State Read more…
Decarbonising transport: Devolve money and power to local authorities
Decarbonising transport requires an integrated, multi modal approach, with more freight shifted to rail and government taking palpable action to sort out public transport. Meanwhile, power and funding should be handed to local authorities to cut emissions from short journeys. Those are key recommendations from a new report from the Aldersdate Group, a think tank Read more…
Eon strikes smart lighting deal with enModus
Eon has struck a deal with enModus. The energy company’s Connected Energies division will now deliver smart lighting services using the Chepstow-based firm’s technology. EnModus says it can make any building smart. The company uses power line communications instead of wifi and has claimed some massive savings for companies such as Virgin Media and retailer Claire’s Read more…
Gas and battery storage: More flexible flexibility?
Ylem Energy is putting gas engines and battery storage onto I&C sites as well as landfill gas operations. The company will fund, own and operate the assets and thinks the business case is strong, whatever regulators decide to do. Ylem Energy builds standalone gas peaking plant, but then so do lots of others. More interesting Read more…
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