Gain expert insight on the developments that will directly impact your energy strategy at The Energyst Event, 1-2 May, Birmingham. Taking place at the Motorcycle Museum, Birmingham, it’s a conference and exhibition tailored to our readers. The event is free to attend, but you need to register here. Here are some of the free sessions Read more…
Ofgem outlines Capacity Market changes
Ofgem aims to lighten the admin burden for power providers as part of its five-year review of the Capacity Market. It said the complexity of the current rules represent a barrier to entry and may lead to inefficient auction outcomes. The regulator plans to improve secondary trading of capacity agreements and make it easier for Read more…
New software for accurate, transparent tenant energy billing
TEAM Energy says its latest software paves the way for accurate and transparent tenant billing. Energy management specialist TEAM has strengthened its software portfolio with the launch of its next generation Sigma Tenant Billing solution. The application enables organisations to accurately and efficiently apportion utility costs between tenants, cost centres or departments delivering transparent accountable Read more…
Energy: How incoming change will impact your strategy
Energy policy and regulation – what you need to know and how incoming change will shape your business strategy and bottom line The continued rate change to the energy industry looks set to continue in 2019. While the policy for decarbonising heat and transport continues to edge forwards the focus is still on the power Read more…
It’s time to optimise your procurement strategy
In 2018, energy managers faced pressure on both sides of their bills as both commodity and non-commodity costs pushed their energy bills higher. Now, we’ve started to see commodity costs fall – and Inenco is encouraging all businesses to take the opportunity to optimise their procurement strategy. Last year, volatility returned to the wholesale market, Read more…
Energy efficiency fund raises further £72m, eyes more buys
Specialist energy efficiency fund SEEIT has raised £72m from a share placing, with dealing set to commence tomorrow (18 April). The company will use the money to acquire further projects, said chairman Tony Roper: “We are delighted with the support shown by both existing and new investors in this fundraise. The proceeds raised will enable Read more…
Statkraft: When is a VPP not a VPP?
State-owned Statkraft is building a big stake in the UK flexibility market. It aims to bring businesses into its AI-driven virtual power plant and simultaneously sell them energy. Brendan Coyne reports Statkraft has quietly amassed a gigawatt of flexibility in the UK. It plans to double this by the summer while building a pipeline of Read more…
New CEO for Engie
Nicola Lovett has been appointed CEO of Engie’s UK & Ireland business as of 1 May. Current CEO Wilfrid Petrie will join the group’s executive committee in Paris and lead development of its French B2B business. Lovett joined the firm in 2013. She was most recently divisional CEO for Business Energy and Services. She said Read more…
Vehicle-to-grid: Are we nearly there yet?
In its most recent Future Energy Scenarios, National Grid predicts up to 11m EVs on UK roads by 2030, and as many as 36m by 2040. All National Grid’s scenarios feature smart charging to manage peak demand. Vehicle-to-grid (V2G) services – using car batteries to balance the grid or arbitrage wholesale market prices via bi-directional Read more…
Limejump brings hydro into VPP
Limejump, soon to be acquired by Shell, is adding hydro to its virtual power plant (VPP) and will trade its power into wholesale and balancing markets. The firm has signed a deal with DHG Hydro for the 1.2MW Langwell hydro plant near Ullapool, Scotland. DHG has a lot more hydro assets, noted Limejump. Access to Read more…
EVs: How UPS is driving down emissions
UPS outlines what it has learned from deploying electric vans in central London – and why smart charging could be key to electrifying transport. Brendan Coyne reports UPS first trialled electric vehicles in New York in 1930. The technology has moved on somewhat, yet in 2019, decarbonising a delivery fleet at scale remains a complex Read more…
Ofgem outlines new supplier rules to prevent another house of cards
Ofgem has published its proposals to stop businesses with poor credentials and finances entering the energy retail market. The regulator is acting after a spate of suppliers went bust in 2018 and early 2019, many leaving debts that other suppliers – and their customers – will now pick up. From June, anyone that wants a Read more…
Free report: EVs, smart charging and vehicle-to-grid
Businesses surveyed by The Energyst have significant appetite for electric vehicle (EV) chargers. Our latest report details their deployment plans, whether they have sufficient power capacity on site, their attitudes towards controlled or smart charging and receptiveness to engage in vehicle-to-grid services. Download the report The report also contains interviews with businesses that are switching Read more…
Energy storage firm RedT raises £3.2m
RedT the AIM-listed company attempting to scale its vanadium redox flow storage technology has raised £3.2m. The company announced the fundraise last month via placing and share offer with £1.5m the minimum requirement. RedT is restructuring and said it needs working capital to get through the next few months and fulfil orders, which it says Read more…
National Grid uses more Stor and frequency response, flags challenges ahead
National Grid’s annual Power Responsive report shows the electricity system operator used an increasing amount of demand-side response in 2018. However, greater competition in services such as short-term operating reserve (Stor) and firm frequency response (FFR) continued to drive down prices. Meanwhile, demand turn up (DTU) attracted fewer providers and looks set to be revised Read more…
Energy and carbon reporting: Compliance is not enough
Businesses can unlock genuine benefit by going beyond the compliance aspect of compliance schemes and instead harnessing mandated reporting as a tool for energy, carbon and cost savings. Energy reporting is back in the spotlight in 2019, with the new Streamlined Energy and Carbon Reporting (SECR) framework launched in April and Phase 2 of the Read more…
The countdown begins to The Energyst Event 2019
There’s now just two weeks to go until The Energyst Event opens its doors – so what can delegates expect this year? Last year’s inaugural conference and exhibition was a great success, with over 900 energy professionals in attendance and plenty of insightful sessions from key names within the energy industry. On 1-2 May 2019, Read more…
Government details next steps for summer Capacity Market auction
Government has detailed its plans for a T-1 Capacity Market auction for delivery over the coming winter. It aims to hold an auction by August at the latest, and has outlined how agreements will be awarded and honoured – subject to state aid approval. The Capacity Market is suspended following a ruling by the European Read more…
Modelling battery storage – what went wrong?
Regardless of your position on storage, it is fairly uncontroversial to admit we have recently experienced a bubble in storage investment that has somewhat tempered. As the market settles, introspection is required and we must ask ourselves what happened. Here, I focus on the modelling behind many of these decisions. A lack of fundamental, dynamic Read more…
Oxford goes large on hybrid storage, EVs and heat pumps
Oxford City Council has received government funding to build what it terms a ‘Superhub’ – a massive lithium ion-flow storage hybrid that underpins a network of EV chargers via a 10km private wire around the city. The project will also install 300 heat pumps, which, along with the battery and EVs, will be smartly controlled Read more…
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