Good Energy is renewing its focus on decentralised energy and mobility as its financial results show it has now become debt free on a net basis due to the sale of its generating portfolio.
Electricity output from renewable sources in which SSE has an ownership interest was 1.4TWh - or 19% - below plan in the latter nine months of 2021.
National Grid ESO and the Energy Networks Association (ENA) are urging generators to claim "thousands of pounds" in funding towards mandatory hardware upgrades.
Drax has sold on Drax Generation Enterprise to VPI Holdings, passing on its four CCGT plants in the process.
Ofgem’s decision to classify energy storage as a subset of generation must be a “stopgap measure” until parliamentary time is found.
Renewables have continued their record-breaking spell as generation remained high in Q2 2020.
Drax posts stable results for H1 2020 as its adjusted EBITDA jumps 30% despite an estimated £44 million COVID-19 hit.
The government has delayed its decision on whether two offshore wind projects can proceed, pushing the deadline to 1 July.
Drax is transitioning its executive management structure for its generation business.