George Osborne has pulled the plug on the £1bn carbon capture and storage fund, lengthening the odds of the technology and associated infrastructure reaching maturity in the UK. The news was not contained in the Autumn statement. Instead the government yesterday notified the stock exchange. It was not a move the CCS industry had seen coming. Read more…
Business energy firm BES hit with million pound penalty for bad practices
Small business energy supplier BES has been hit with a penalty just shy of £1 million by energy watchdog Ofgem. The regulator’s investigation found the supplier was treating customers unfairly by not telling them about important contract details. As most of its customers were on multiyear contracts, BES’ failure to explain possible termination fees to customers Read more…
National Grid plays down blackout fears but calls for more demand response
National Grid has disputed figures that suggest the UK will face a significant power capacity shortfall next winter. However, it underlined the need to scale demand response as more generating plant comes off the system. Facing questions from the Energy and Climate Change Committee, the system operator reiterated that winter margins would get tighter but expressed Read more…
Policy reset confirms security and affordability top priorities, but little detail
Amber Rudd’s policy reset has underlined the government’s plans to forge ahead with new nuclear and replace coal with gas. Other than the announcement that unabated coal would be culled by 2025, and a that there is a “strong case” for a more independent system operator, the energy secretary’s ‘reset’ speech was light on detail. Read more…
Government confirms unabated coal hard stop by 2025 ahead of Rudd’s reset
The government has confirmed that unabated coal-fired power stations will face restricted use from 2023 and total closure from 2025. The department of energy and climate change announced the move in a pre-market statement ahead of a broader policy ‘reset’ to be given by energy secretary Amber Rudd at 10.30am. Rudd is expected to give Read more…
Use the right metrics and energy efficiency projects will get board’s attention
Turning an energy-saving idea into reality nearly always relies on getting the required investment, either internally or externally. Understanding the options and supporting proposals with a sound business case is essential, says Geoff Newman of Sabien Technology, in this sponsored post. In recent years many good ideas to increase energy efficiency have fallen by Read more…
UK company directors expect power prices to rise 10% in 2016
Around two thirds of company directors surveyed by The Energyst believe that power prices will rise by around 10% in 2016. That prediction follows a relatively benign 2015 in terms of wholesale prices. Early respondents* to the annual Director’s Report have indicated that they are equipped to deal with spikier prices as a result of Read more…
National Grid to launch two new demand side tools, urges firms to sign up
Demand Side Response (DSR) is breathing new life into the UK’s energy system. It offers lucrative incentives to businesses that can reduce – or increase – their demand when called upon. Now National Grid, in this sponsored post, urges more large energy users to tap into its potential by participating in DSR programmes. The system Read more…
National Infrastructure Commission to focus on energy storage and demand response
The new infrastructure body led by Lord Adonis has made balancing the UK’s power system a national priority. The National Infrastructure Commission will publish three reports before next year’s spending review. Energy, focusing on balancing demand and supply, is one of the three key areas, alongside connectivity in the North, and London’s transport infrastructure. The Read more…
Rudd: Price spikes from tight winter margins will not hurt customers
The lesson learned from last week’s tight margin call by National Grid is that security of supply must be the government’s core focus, according to Amber Rudd. The energy secretary was today questioned about the incident by the Energy and Climate Change Select Committee. The department of energy and climate change has made clear since May Read more…
Osborne should cut out the fat and rationalise energy market – report
The Treasury should reset energy market administration in the Comprehensive Spending Review. It should free up Decc to work on strategy and policy, make Ofgem a pure regulator and hack back the overgrowth of energy market bodies. According to a think tank paper published today that would theoretically save hundreds of millions of pounds and Read more…
Eon takes offshore wind hit as Supreme Court rejects Robin Rigg appeal
The news that Eon must foot the bill to repair defective offshore wind turbines at Robin Rigg may have ramifications for UK offshore wind farm developers. Many developers have had to deal with issues relating to the grout used to connect turbine towers to their foundations. It’s a costly and often difficult fix in a Read more…
Ofgem fines Eon for failures on advanced meter rollout
Eon has been hit with a £2 million fine and faces the prospect of another multimillion pound penalty if it does not rollout 7,000 advanced power meters to business within 12 months. Regulator Ofgem announced the action today following an investigation. The money will go to the Carbon Trust, along with a further £5 million Read more…
Firms eye Europe as UK industry seeks cheaper power prices, clearer policy
Intensive energy industries have welcomed the government’s promise to protect them from power policy costs, but have called for clarity on direction of travel to avoid an investment hiatus. While Lord Deben last week played down the impact of climate change policies on the steel industry, Chris Webb, head of energy management across Europe, Middle East Read more…
Energy Minister: We won’t leave keeping the lights on to free market economy
Energy minister Andrea Leadsom has denied that the government is micromanaging the UK energy industry. However, she said that the government would not leave the UK’s energy infrastructure entirely to the free market. Speaking at the Energy Live News conference in London today, Leadsom was asked by former Energy UK boss David Porter whether setting Read more…
National Grid: Tight power margin call ‘business as usual’ not blackout indicator
National Grid has moved to play down blackout fears following a notice of insufficient margin (NISM) yesterday. The system operator issued its first NISM for almost four years, at lunch time, telling the power market it had insufficient power to meet the teatime peak. It called for an extra 500MW to come on stream at Read more…
Pettigrew to succeed Holliday as National Grid chief
National Grid chief executive Steve Holliday has confirmed he will step down next year. The board has picked John Pettigrew to replace him. Holliday has been chief executive since 2007, joining the company in 2001 from British Borneo Oil following a 19 year stint with Exxon. His tenure is largely viewed as successful given the Read more…
GDF touts gas to grid earner
GDF Suez is urging firms with anaerobic digesters to consider exporting biogas to National Grid rather than burning it for electricity. Injecting direct to grid is a far more efficient process, according to the company, and there is a growing market for green gas. Combined with the Renewable Heat Incentive (RHI), the economics of exporting Read more…
Energy price spikes or not, flexibility unviable for major users
Large industrial and commercial businesses have most to lose from spiky winter energy prices, but there is not much more they can do in terms of mitigation and demand response, according to the British Ceramic Federation. According to energy experts polled by New Power, the price spikes will be worse this winter than most. I&C Read more…
Vilnis Vesma to mount UK’s first national M&V conference in November
No energy-saving programme is complete without measurement and verification of outcomes, according says Vilnis Vesma, a former energy manager who specialises in the interpretation of energy data, in this sponsored post. Later this year, working in association with the Energy Services and Technology Association, Vesma is mounting the UK’s first national conference on the subject. The Read more…
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