GridBeyond has urged industrial and commercial firms that provide demand-side response (DSR) services to notify aggregators of changes to predicted consumption patterns. As businesses shut down to ride out the coronavirus, and millions of people work from home, the power system’s usual pattern of demand is no longer. That means energy companies, traders and grid Read more…
Eight firms get funding to crack SME energy efficiency
Eight firms bidding to unlock greater investment and engagement in energy efficiency within small and medium enterprises (SMEs) have secured further government funding. SMEs account for 99.9 per cent of the UK’s 5.9m private businesses, according to the FSB, which means the UK cannot achieve net zero without SMEs also decarbonising. Meanwhile, government has conservatively Read more…
Cashing out and cashing in: What caused BM price spike?
LCP’s Kyle Martin delves into what caused yesterday’s system price spike. Yesterday at 6pm the system price in the balancing mechanism (BM) spiked to £2,242/MWh – the highest level since 30th November 2015 when the system hit value of lost load (VoLL) at £3,000/MWh. Loss of load probability (LOLP) also reached 37 per cent, which Read more…
Renault Trucks and EO Charging partner on commercial EVs
Renault Trucks has partnered with EO Charging as it starts to ramp up commercial electric vehicles. The automaker is targeting retail and SME sectors with its first electric Master ZE vehicles, which come as vans, minibuses or trucks, with Renault planning to also configure them as cherry-pickers, construction welfare vehicles and refrigerated vehicles. A free Read more…
Newly-launched BusinessEnergyQuotes.com to support businesses with energy comparisons
Newly-launched BusinessEnergyQuotes.com to support businesses with energy comparisons UK SME businesses are set to benefit from a brand-new, fully-online business energy pricing engine, after the launch of BusinessEnergyQuotes.com The new, powerful pricing tool delivers business energy quotes in less than 60 seconds, offering competitive, reliable tariffs from a vast range of suppliers to SMEs who Read more…
Delivering Net Zero: Ford and Jaguar Land Rover sign up
Ford and Jaguar Land Rover have signed up as sponsors of The Energyst’s Delivering Net Zero conference and exhibition, 22-23 April, Silverstone. Attendees will be able to drive the latest electric vehicles from both manufacturers around the Silverstone track. Meanwhile the business-to-business event brings together experts from across energy, transport and industry to discuss the Read more…
Honda pushes deeper into EV management with Moixa, Vattenfall
Honda is pushing deeper into energy management through its partnership with UK-based energy platform Moixa. The carmaker is set to launch its first smart electric vehicle charger with time of use tariffs across Europe via Vattenfall that rewards drivers for charging at times that best suit the grid. Honda says the development will help it Read more…
Western Link failure sees National Grid ‘pay £31m to turn off wind farms’
The failure of the high voltage undersea cable between west Scotland and north Wales last month resulted in National Grid ESO paying almost £31m for wind farm operators to curtail output. Consultancy Cornwall Insight calculated the figure based on Balancing Mechanism data and prices during what was an exceptionally windy month. The Western Link HVDC Read more…
EDF edges closer to £110m Pod Point deal – reports
Pod Point CEO Erik Fairbairn says UK on cusp of major electric vehicle boom, while EDF is reportedly moving closer to sealing a £110m deal for the firm French power giant EDF is on the cusp of sealing a deal for electric vehicle charging firm Pod Point, according to reports. Sky reported the two were Read more…
Register for the Energyst’s free EV Event
Considering a switch to electric vehicles, or planning to rollout charging infrastructure? Then register to attend The Energyst’s EV Event, 22-23 April at Silverstone – the UK’s only EV-dedicated fleet and business exhibition. The two day conference and exhibition provides a roadmap for businesses planning electric vehicle switches and charging infrastructure rollouts. Aimed at fleet, energy and Read more…
Electric bus funding welcome but policy patchwork sees sector stall
Britain’s first town served exclusively by electric buses will be appointed in 2021, as ministers unveiled a new tranche of funding for local authorities. However, manufacturers have urged both local and national policymakers to better align ambition and regulation to unlock investment in cleaner public transport. Yesterday transport minister Grant Schapps urged local councils to Read more…
The Capacity Market: What happened, what next
LCP’s Kyle Martin provides a review of the T-3 Capacity Market auction, and its implications for upcoming auctions. The T-3 Capacity Market (CM) auction recorded the lowest clearing price of a T-3/T-4 auction ever at £6.44/kW/yr. The LCP central forecast predicted a £7.07/kW clearing price which, to my disappointment, narrowly beat my own prediction of Read more…
Aviation industry pins hopes on hybrids, offsets and biofuel to decarbonise
The UK aviation industry believes it can achieve net zero by 2050, backing biofuels, carbon taxes, offsets and hybrid planes to deliver the bulk of CO2 reductions. The Sustainable Aviation coalition of British carriers, airport operators and service companies claims it can decarbonise despite a forecast 70 per cent rise in UK passenger numbers over Read more…
TCR: Triads and tribulations for large energy users
Ofgem’s final decision on reforms to network charging arrangements will have a big impact on business electricity bills from next year. Chris Hurcombe, director of third party intermediary Catalyst Commercial, outlines some key considerations Ofgem’s Targeted Charging Review (TCR) will make sweeping changes to transmission (TNUoS) and distribution (DUoS) residual (or sunk) network charging structures Read more…
Don’t push small firms into smart meters over AMR: Stark
As the government consults on extending the smart meter rollout to 2024, suppliers should be allowed to offer small businesses a choice in metering, according to metering and data provider Stark. The firm reckons advanced meters unlock greater benefits at lower cost – and fears the current Data Comms Co set up risks creating an 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…
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…
Opinion: Time to do energy storage properly
Industry is starting to realise single purpose ‘disposable’ batteries are sub-optimal, believes redT CEO Scott McGregor The Capacity Market is suspended and under review, the Firm Frequency Response market is saturated, and Triads are now also under review in an attempt to make energy pricing fairer. The question on industry lips is: ‘What next?’ Despite Read more…
2019 energy outlook: Octopus Investments
2019 could prove an interesting year for electric vehicles and renewables as a new breed of investor emerges, according to directors and managers at Octopus Investments. Dan Saunders, investment director at Octopus: “Octopus expects 2019 to be significant for the deployment of electric vehicles in the UK due to helpful policy-making. The introduction of the Clean Read more…
Big cracks emerging in energy retail
Energy suppliers face a cocktail of risk and the cracks are starting to appear in the business models of both large and small firms. There is a significant chance that more will soon go bust or withdraw from the market, says Jo Butlin. Like all dot-to-dot pictures, it is only when the dots are joined Read more…
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