In response to the UK Government’s request in March this year to continue contingency contracts, EDF and Drax have confirmed that their coal units will not be available for another winter and have begun decommissioning.
SP Energy Networks has successfully completed the first phase of its £4.4 million trial to demonstrate how the electricity network can be restored at a faster pace using renewables.
The Department of Energy Security and Net Zero (DESNZ) has asked National Grid ESO to explore the potential of extending the contingency coal contracts into next winter, but all five units will be unavailable.
In this week’s edition of Current± Price Watch – powered by Enact – we take a look at the caution suggested by the high T-1 Capacity Market clearing price, the changing face of nuclear in Britain and the saving seen by industrial participants in the ESO’s Demand Flexibility Service.
Ofgem has confirmed that electricity generator, Drax Pumped Storage Limited, has agreed to pay £6.12 million to the Voluntary Energy Redress fund for breaching its Electricity Generation License.
A number of the UK’s energy suppliers have penned a letter to the government expressing concerns over the new measures proposed in the Energy Prices Bill which grant ministerial powers in the energy sector.
The UK exported a record-breaking 5.5TWh of power, worth around £1.5 billion, to Europe in the second quarter of 2022, says Drax Electric Insights in a new report.
Drax is to keep its coal-fired power station running over the winter following a request from the Department of Business, Energy and Industrial Strategy (BEIS).
