Ofgem chief executive Dermot Nolan has warned traditional utilities that they could be made “redundant” in a future power market typified by change and new market entrants.
Large incumbents such as the ‘Big Six’ utilities have a dominant and undue influence over UK energy policy, potentially holding back a clean power transition, a new report has claimed.
The government has placed power and smart systems innovation at the heart of its long-delayed Clean Growth Strategy (CGS), despite offering little more than current funding initiatives for storage, electric vehicle charging and network development.
The Committee on Climate Change (CCC) has welcomed the publication of the Clean Growth Strategy (CGS), but issued a broadside at government plans to use “flexibilities” to meet targets.
German clean energy firm innogy has bought Statkraft out of the 860MW Triton Knoll offshore wind farm just weeks after it landed Contracts for Difference support.
Renewables and nuclear combined to generate more than half of the UK’s power for a second successive quarter in Q3, but energy monitoring firm EnAppSys has warned of looming factors that could prevent their share from growing further.
The Scottish government will establish a publicly-owned, not-for-profit energy company to deliver renewable energy to Scottish customers “as close to cost price as possible”.
