Drax Power has hit back at a report which questioned the economic case for biomass, insisting the technology was the “only reliable, flexible” renewable that can be deployed at scale in the UK.
Engie has formally launched its “innovative” tracker tariff, designed to reflect changes in the wholesale electricity price more accurately for consumers.
The UK’s energy network companies have called on Ofgem to put the good of consumers at the heart of its future price control plans, but have warned the regulator not to impose prescriptive measures on their revenues.
Scotland is aiming to position itself as a low carbon technologies hub by 2020 after first minister Nicola Sturgeon today announcing a £60 million Innovation Fund to support battery storage and other low carbon energy infrastructure.
Pressure is continuing to mount on the UK’s distribution network operators (DNOs) after a report from the Energy & Climate Intelligence Unit (ECIU) think-tank has claimed their profit margins added £10 billion to consumer bills in a six-year period.
Ofgem has contested National Grid’s potential £840 million bill for grid reinforcements required to bring the controversial Hinkley Point C project on-stream.
Centrica has further boosted its new energy technologies credentials after £200,000 was invested in artificial intelligence (AI) start-up Grid Edge by the company’s energy focused impact investment fund Ignite.
