Consumers will have to foot a bill of around £1.5 billion over a 15 year period as a result of government changes to the Contracts for Difference mechanism which resulted in higher strike prices in the September 2017 auction.
Articles tagged with: market
The Competition and Markets Authority (CMA) has referred the proposed merger of SSE’s retail division with Npower for an in-depth investigation.
RWE Generation is investigating the construction of a 100MW battery at its Tilbury power station as part of plans to convert the former coal-fired plant to a gas peaking plant.
Britain has set a new coal-free record after going over two days without generating from the fossil fuel, with a new record possible this week as low carbon generation took hold over the weekend.
The ‘go-live’ date of Ireland’s integrated electricity market is to be delayed until October following concerns that the central and market IT systems needed to successfully operate the new system would not be in place.
OVO Energy has launched a suite of “revolutionary” products under its proprietary digital intelligence platform, including what has been called the world’s first widely available domestic vehicle to grid (V2G) charger.
Ofgem is to consider Scottish Power’s proposal to create demand side response (DSR) technology classes intended to apply new de-rating factors to energy storage used as part of DSR bids into the Capacity Market in 2019.
Verv has completed the UK’s first energy trade using blockchain technology as part of regulator Ofgem’s Sandbox initiative to test innovative services and business models not possible under current regulation.
BP has pledged to follow an energy transition strategy “resilient to a broad range” of scenarios, refusing to bow to pressure against its gas activity and holding up its acquisition of a stake in a solar developer as evidence of its low carbon activity.