Norwich City Council plans to launch an energy company in spring 2019. The council looks set to approve a recommendation to work with Engie at a cabinet meeting tomorrow (14 November). The intention is to supply 100% clean energy and help the city’s 7,000 households in fuel poverty. By taking a white label approach, the Read more…
Utilitywise rebrands corporate division as EIC
Third party intermediary Utilitywise has split out its corporate division, rebranding it as Energy Intelligence Centre – or EIC. The choice of name is interesting. Utilitywise bought industrial and commercial third party intermediary Energy Information Centre, also known as EIC, for £15.5m in 2013. The move comes as the company attempts to repair its balance Read more…
Understanding arbitrage: 2019 will be ‘breakthrough year for battery storage’
2019 will be a “breakthrough year” for UK battery storage, believes Ben Irons, executive director at Habitat Energy, particularly if volatility drives big price spikes over the coming winter. But new business and commercial models are required to avoid burning out assets. How might they look? A former executive director at Aurora Energy Research, Irons Read more…
Risk mismanagement: More energy suppliers will go bust
More small and medium energy suppliers will go bust because they fail to grasp the basics of risk management. For some, the problem is more fundamental, according to Gary Huish, director at Energy Potential, a consultancy that specialises in energy risk management. He suggests they step back and define what they do. “Many are not Read more…
How to balance the grid using energy efficiency as a tradeable resource
Metered energy efficiency could unlock the holy grail of a market-based approach to cutting carbon, pulling in financiers, cutting the need for network investment and unlocking new business models. Brendan Coyne reports A UK-US partnership is attempting to embed a standardised, automated approach to real-time energy efficiency measurement into the GB energy system. The firms Read more…
Vehicle-to-grid: Enel’s Emotorwerks and EO Charging launch smart EV charger
Emotorwerks, owned by Italian utility Enel, has partnered with UK-based manufacturer EO Charging to launch a smart electric vehicle charger that enables vehicle-to-grid services. The two are initially targeting the domestic market with a small fast charger that enables scheduling of charge times and response to dynamic tariffs where available from energy suppliers. “By participating Read more…
Toshiba shuts down UK nuclear plan
Toshiba has scrapped plans for a new nuclear power station in the UK. The company said it has been in talks with potential investors in the NuGen project, but cannot see them completing before 31 March 2019. As such, it has decided not to take further financial risk. “Toshiba recognises that the economically rational decision Read more…
ADE publishes aggregator code of conduct ahead of assurance scheme launch
The Association for Decentralised Energy (ADE) has published its long-awaited code of conduct for demand-side response aggregators. Next year, it will launch a voluntary scheme based on the code in a bid to give businesses greater confidence in the demand-side response (DSR) market – and unlock greater levels of flexibility, which is increasingly required to Read more…
Inenco: business power prices to rise 50% over four years
Inenco says businesses may be paying 50% more in 2020 for power than they were in 2016. The third party intermediary (TPI) has published a new cost forecast that illustrates how rising non-commodity costs and wholesale markets are driving up prices. Over the last two years, non-commodity costs, which make up around half of business Read more…
Centrica Business Solutions: The Evolution of Energy – free report
The energy landscape is changing and this is creating opportunities for how businesses use and manage energy. Many are already thinking about how energy can contribute to business growth and drive deeper efficiencies. Local generation options (also known as distributed energy) are becoming more accessible and tools built on Internet of Things technology are providing Read more…
Don’t risk climate resilience: Free sustainable business webinar
As climate risks grow so does the need to take action, and track and report progress through new tools provided by the Task Force on Climate-related Financial Disclosures (TCFD) and other organisations. But this is not a standalone exercise. It’s equally important to integrate these activities into an enterprise energy- and carbon-management strategy. Join experts Read more…
Smartest Energy starts trading flex on spot markets, eyes Balancing Mechanism
Energy supplier and aggregator Smartest Energy has started trading flexibility on the spot markets. The firm has been dispatching 6MW into day ahead and within-day markets over the past two weeks, and said it plans to add “significant additional capacity” in the coming weeks. The company said it would also enable access to the Balancing Read more…
Flexitricity signs Gateshead as first energy supply customer
Demand-side response company Flexitricity has launched its supply business with Gateshead Council’s energy company as its first customer. The aggregator acquired a supply licence in order to access wholesale markets and the Balancing Mechanism (BM), National Grid’s main tool for balancing UK power supply and demand. While the company does not plan to become a Read more…
HyDeploy hydrogen trial cleared by HSE
The Health & Safety Executive has given consent to companies planning to inject a blend of hydrogen into Keele University’s private gas network. The companies can now start work in earnest on a trial funded as part of Ofgem’s Network Innovation Competition, which enables regulated electricity and gas companies to try novel approaches that would Read more…
Uskmouth: Simec eyes 900,000 tonnes of UK waste fuel pellet production
Simec Atlantis Energy has awarded planning and management contracts in relation to its proposed conversion of the Uskmouth coal power station to a 220MW energy from waste plant. The company plans to use a new type of fuel pellet called ‘subcoal’ developed with partner N+P Group. N+P says it intends to convert 1.3m tonnes of Read more…
Yü Group hires PWC and DLA Piper to conduct “forensic” review
Business energy supplier Yü Group has appointed PWC and DLA Piper to support a “forensic review” of business and accounts. The company last month announced it had discovered a hole in its accounts that sent share prices tumbling from 595p to a low of 86p. The company’s share price has since partially recovered, though dipped Read more…
Aurora: Power sector can deliver 2050 targets, but market will need redesign to fully decarbonise
The UK can hit legally binding 2050 decarbonisation targets largely through electrification of heat and transport, but to go beyond that the market will likely require a major restructure, according to consultants Aurora. In a new report, the company envisages a 2050 scenario in which heat and transport are largely electrified. Under this scenario, some Read more…
TPI Open Energy Market enters water market touting big savings
Third party intermediary Open Energy Market has launched a platform to help firms switch water suppliers – and claims businesses can save up to 24% just by switching. The company suggests switching levels have been depressed since deregulation last year because savings are perceived to be scant. Around 90% of businesses have not switched supplier, Read more…
Battery storage: Do your due diligence or take the pain
Done correctly, behind the meter battery storage can cut costs and provide income. Done badly and businesses risk being stuck with an expensive box of chemicals that costs them money. There is a lot of heat in the market – and buyers would be foolhardy to take marketing claims by aggregators and suppliers at face Read more…
Wind drives Ørsted profits north
The Danish state continues to reap the benefit of investment in wind farms, with Ørsted posting a 14% profit increase for the first nine months of 2018. Despite lower average wind speeds in some markets, earnings from offshore wind farms in operation increased by 32%. As a result, operating profit rose to DKK10.8bn (£1.28bn). The Read more…
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