This week’s T-1 Capacity Market (CM) auction cleared at a record low clearing price of just £0.77/kW, with just one new build battery storage project winning a contract.
The UK recorded its greenest ever winter in 2018/19, as mild conditions, high renewable output and system flexibility combined to send carbon intensity tumbling.
Swedish energy giant Vattenfall has issued a €500 million (£438 million) green bond - its first ever - offering investors the chance to “support the transformation of the energy system”.
The energy as a service model could be the way forward for the UK's supply market, but it relies heavily on data from smart meters, Shell's transition manager has said.
Prime Minister Theresa May’s announcement that the government will indeed legislate for a net zero economy by 2050, albeit with certain caveats, has been lauded by the power sector.
