Review into regulators announced

Philip Hammond has unveiled a review of the way in which the energy, telecommunications and water industries are regulated.

The Chancellor has asked the National Infrastructure Commission to carry out the probe.

“The UK has a world-class regulatory system, which protects the interests of consumers,” the Treasury said.

“But it needs to be fit to respond to the challenges of the future to remain cutting-edge.”

Encouraging investment

The Treasury added that the review “will ensure they have...

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UK network plans ‘flexibility first’ zones

UK Power Networks has unveiled proposals for 25 “flexibility first” zones across London, the south-east and east of England.

The UK’s largest distribution network operator will use the Piclo online platform to match energy providers’ resources with the network operator’s local need for flexible energy resources.

All 25 zones will be live on the platform by the end of this month, with some already online.

Sotiris Georgiopoulos, Head of Smart Grid Development at UK Power Networks, said:...

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Eight offshore wind extensions unveiled

The UK’s offshore wind energy capacity could increase by a further 3.4GW after The Crown Estate announced that eight projects have satisfied its application criteria.

Proposals to extend the 317MW Sheringham Shoal, 402MW Dudgeon, 573MW Race Bank, 504MW Greater Gabbard, 353MW Galloper and 300MW

Thanet wind farms off the east coast of England were approved.

The 576MW Gwynt y Mor wind farm off the west coast and the 400MW Rampion off the south coast also received backing.

All eight proposed...

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09/10/2018 - Sector Round Up

Statkraft in UK and Irish wind investment

Norwegian energy firm Statkraft has bought the UK and Irish wind farm development arms of Cork-based Element Power Group.

The portfolio includes 1.3GW of projects in Ireland and 250MW in the UK.

Statkraft, which is Europe’s largest producer of renewable energy, wants to grow its wind portfolio to 6GW by 2025.

> See Statkraft's statement

 

Gresham House plans £200m investment trust

Investment manager Gresham House has unveiled plans to launch a ...

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Record share of energy mix for renewables

Solar PV generation produced a record amount of electricity in Great Britain during the second quarter of the year, helping the broader renewables sector to hit a new high.

A total of 4.6TWh was generated by solar between April and June, up 0.9% year-on-year.

The boost meant renewable energy’s share of the energy mix rose to a record 31.7%. Gas accounted for 42%, nuclear for 21.7% and coal for a fresh low of 1.6%.

Summer’s sun

Renewable energy capacity rose by 3.9GW year-on-year to 42.2GW,...

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Corbyn pledges green jobs revolution

Labour Leader Jeremy Corbyn has committed his party to net zero carbon dioxide emissions by 2050 to “kick-start a green jobs revolution”.

In a speech to the Labour’s annual conference, the opposition leader pledged to create 400,000 skilled jobs in the low-carbon industry by cutting emissions by 60% from 1990’s levels by 2030.

He said he would work with trade unions to “ensure jobs and skills are protected as we move towards a low-carbon economy”.

The plans were drawn up by Shadow Energy...

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EDF reports good progress on Hinkley Point C

The construction of the Hinkley Point C nuclear power station in Somerset is on course to hit its next milestone, according to owner EDF.

The concrete base on which the reactor will sit is on track to be completed in time for its 2019 deadline.

More than 3,200 people are already working on the project, which is due to have its first reactor working by the end of 2025.

Contracts worth a total of £10.6 billion have already been awarded, with £1.3bn being spent in the south-west of England and...

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Government issues ‘no deal’ Brexit guidance

The UK government will ensure renewable energy “Guarantees of Origin” issued in European Union countries will continued to be recognised in the event of a no deal Brexit, the Department for Business, Energy & Industrial Strategy (BEIS) has said.

In guidance issued under the heading “Generating low-carbon electricity if there’s no Brexit deal”, the department said it means electricity suppliers can continue to use EU Renewable Energy Guarantees of Origin, and will existing supply contracts...

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Ofgem takes action over complaints

Eleven UK energy companies have been ordered by Ofgem to improve the way they handle complaints.

The energy regulator said it had cases open against four companies – First Utility, Ovo Energy, ScottishPower and Utilita – and had asked a further seven to devise improvement plans for handling complaints.

Ofgem’s latest complaints handling survey found that 32% of customers are satisfied with how their complaints were dealt with, up from 27% when the previous survey was conducted in 2016.

But...

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BT leads FTSE 100 for managing climate risks

Telecoms giant BT has topped a league table for how FTSE 100 companies deal with climate change risks.

The firm scored 91% in consultancy firm EcoAct’s “Sustainability Reporting Performance” rankings, pipping retailer Marks & Spencer into second place with 89% and manufacturer Unilever into third spot with 86%.

The report’s authors said that scores increased by between 10-15% compared to 2017.

The use of renewable energy also increased, from 65% in 2017 to 73% in 2018.

Benefits for...

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