A firm that operates a 3MW combined heat and power plant says it has earned and additional £273 on average every hour it has participated in a balancing scheme operated by renewable energy supplier Dong Energy. The Renewable Balancing Reserve essentially shares revenues with flexible energy producers or consumers by paying them to help Dong Read more…
New CEO at Drax as Dorothy Thompson steps down
Drax CEO Dorothy Thompson will step down at the year end. She will be succeeded by current chief financial officer Will Gardiner. The company said Gardiner, who joined the firm almost two years ago, was selected ahead of internal and external candidates. Chairman Philip Cox said Gardiner was “a focused, innovative and engaging leader”, and thanked Thompson Read more…
Eon to end standard variable tariffs for customers that agree to a smart meter
Eon has committed to ending standard variable tariffs (SVTs) energy tariffs by default. SVTs offer poor value compared to fixed-term deals and energy firms are under political pressure to scrap them. The company said it will end SVTs for customers that already have a smart meter or agree to have one installed. “We believe standard Read more…
DNOs ‘no threat’ to DSR aggregators and suppliers
Western Power Distribution and UK Power Networks have rejected suggestions that they could potentially abuse monopoly positions in procuring flexibility to help balance their power networks. Both distribution network operators (DNOs) are beginning their shift towards a distribution system operator (DSO) model and asking businesses to provide flexibility to help manage network constraints. Aggregators and Read more…
Centrica to use Gateshead Council’s 3MW battery storage system for both local and national grid balancing
Centrica is to manage a 3MW battery storage system for Gateshead City Council. The system has been installed alongside CHP units at the council’s District Energy Centre. Aggregator Flexitricity recently signed a 15-year deal to manage that CHP output within balancing markets, which it said would earn the council around £1m over the contract. The Read more…
£8 million investment in maker of water efficient toilet
Investec and fund managers Earth Capital Partners (ECP) and Universal Partners (UP) have made an £8 million investment in Propelair, maker of a low water usage toilet. ECP, through its Nobel Sustainability Fund, was already an existing shareholder and has now increased its shareholding, whereas Investec and UP are new investors. They join the founder, Read more…
Energy procurement: is disruption the new normal?
A long-term energy procurement strategy can save you money, advises Mike Chessum, sales director, Industrial & Commercial Energy and Services at British Gas Business. If there’s one watchword for business trends today, it’s disruption. We all know the stories: Amazon changing shopping habits and then, with drone deliveries, the logistics industry; Uber and AirBnB revolutionising Read more…
Ofgem takes £200m back from distribution network operators
Ofgem has decided to clawback £200 million from distribution network operators (DNOs). DNOs are regulated utilities. They submit plans to Ofgem detailing what they need to do over several years, to maintain and reinforce networks and Ofgem determines how much they can spend dong so. The regulator has been criticised in recent months after two Read more…
Ofgem: Large solar farms with battery storage can still claim Rocs
It appears large solar farm owners that are planning to install battery storage will be able to charge their batteries with PV and still claim subsidies for all power generated under the Renewables Obligation (RO). Ofgem made the announcement today via a blog post, rather than a regulatory document. The regulator also stated that changes Read more…
Inenco: Firms must invest in energy managers to hit UK carbon targets
Business energy consultancy Inenco says its latest research provides insight into how the role of the energy manager will change by 2030 and highlights the level of investment needed. The role of the energy manager is predicted to become even more critical in reducing non-domestic carbon emissions, but, with gaps in skills and technology being Read more…
Mitie demand-side response chief: Nothing can replace lost Triad value
Removal of Triad export payments has torpedoed demand-side response (DSR) business cases, at least in the short term, according to the flexibility lead at one of the UK’s largest FM companies. Lee Stokes, head of demand management at Mitie, told The Energyst’s DSR Event that “nothing can replace Triad” in terms of bankable revenue for Read more…
3GW of offshore wind awarded support as costs fall
Some 3.2GW of offshore wind generation has been awarded subsidies under the government’s contracts for difference (CfD) regime, along with smaller levels of biomass and energy from waste generation. The contracts for difference system effectively guarantees developers a power price. A so-called strike price is agreed, in most cases, via a reverse auction. If the Read more…
Saving tonnes: The environmental benefits of switching to LPG
In last month’s LPG spotlight, Flogas looked at the significant cost-saving benefits of LPG. This week, the firm focusses on LPG’s environmental benefits. Traditionally, oil was the fuel of choice for businesses operating off the mains gas grid, but with energy efficiency and environmental impact becoming increasingly important, LPG is emerging as the front-running alternative. Read more…
Belimo Energy Valve helps Hillsdale College meet strategic energy goals
Founded in 1844, Hillsdale College, Michigan is known for its strong tradition in liberal arts and classical education. Its campus spans approximately 400 acres and encompasses 51 buildings. Buildings affiliated with the college account for roughly 1.4 million square feet of total space. In this Sponsored Article – Belimo explain how its Energy Valve helped Read more…
Shifting the balance of power: Free demand-side response and battery storage report
The Energyst has published a new, free, demand-side response and battery storage report, outlining challenges and opportunities for businesses aiming to cut costs and generate income by providing grid balancing services. The report provides a perspective of the state of play from both end users and service providers. Demand-side response (DSR) primarily involves adjusting electricity Read more…
Battery storage to push frequency response revenues down STOR path?
Greater volumes of fast responding assets, such as batteries, may start to erode frequency response prices. The question is by how much and how soon. The Energyst asked market participants. “Our modeling shows storage has a major role to play – and if battery costs keep coming down then you will have an oversupply of Read more…
Hospital earns £200K a year from flexible generation and DSR
Working with electricity supplier Haven Power and demand response aggregator Kiwi Power, Colchester Hospital University NHS Foundation Trust earns around £200,000 annually from power generation. The Trust’s Estates department has also reduced expenditure through improved energy management. To enjoy similar benefits, organisations need a flexible approach to energy generation, consumption and cost reduction – as do their energy partners. However, embedded generation and demand side response (DSR) are complex and having access to the relevant expertise can help businesses make Read more…
Government moves to change smart meter rules for small firms
Government has outlined plans to change the rules around smart meters for small and medium sized businesses. The department for business, energy and industrial strategy (Beis) believes smaller companies would be disadvantaged by current rules, which allow suppliers to install an advanced meter rather than the latest ‘Smets2’ smart meters. It has suggested that firms Read more…
Smart meter rollout: 7 million down, 43 million to go
Energy suppliers have installed some 7.36 million smart meters, according to latest government figures. With around 50m gas and electricity meters installed in households, the data suggests suppliers have achieved around 15% of the 2020 target. Large energy suppliers have installed the vast majority of smart meters (7.07m). The department for business, energy and industrial Read more…
Scotland sets world record for tidal power
Tidal turbines installed in Pentland Firth, Scotland, set a new world record for tidal stream generation output in August, according to Atlantis Resources. The firm said the third of the four turbines involved in the 6MW MeyGen project was successfully reinstalled during August neap tide this week. Atlantis added that the 700MWh generated during August Read more…
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