Posted on: 23/01/2018
Ofgem to streamline organisation
Energy regulator Ofgem is to streamline its structure ahead of its move to the new UK Government hub building at Canary Wharf in London.
The watchdog’s regulatory function will be shifted into three divisions: consumers and markets; system operation and networks; and corporate and scheme services.
As part of the changes, Andrew Wright, Senior Partner for Energy Systems, and Chris Poulton, Managing Director for E-Serve, have decided to leave the organisation over the next few months.
Investment firm buys solar farms
Alternative investment manager FIM has bought two solar farms in Yorkshire.
The East Appleton and Stripe solar parks each have a capacity of 5MW. FIM now owns six solar farms with a combined capacity of 30MW and a wider portfolio of 137MW of renewable energy.
Transmissions cable projects wins £1m support
Innovate UK, the UK Government agency formerly known as the Technology Strategy Board, has awarded a £1 million grant to a project to cut losses from electricity transmission cables.
The project is being led by Enertechnos, with support from Brunel University, Eland Cables and TWI.
Jean-Sébastien Pelland, Director at Eland Cables, said: “Whilst we’re constantly asked to think more about energy efficiency in our homes and businesses, there’s also a huge amount of energy lost before it even reaches us – the commercial and environmental gains of a more efficient transmission and distribution system are staggering.”
‘Big Six’ among worst-rated for customer satisfaction
The “big six” energy companies have ranked among the lowest ten in consumer group Which?’s customer satisfaction survey.
Billed as the largest of its kind, the survey polled 9,000 consumers and found Utility Warehouse had the highest rating, followed by Flow Energy and Octopus Energy.
Npower finished at the bottom in 31st place, with British Gas and ScottishPower in joint 26th spot, SSE tied in 24th position with Sainsbury’s Energy, and joint 22nd place was occupied by EDF and E.ON.
Offshore wind in UK ‘could reach 30GW’
The combined capacity of offshore wind farms in UK waters could rise from 6GW at present to up to 30GW by 2030, according to a report by Aurora Energy Research.
If the UK’s installed capacity rose to 30GW then the firm thinks consumer bills could fall by £20 a year.
Hugo Batten, Senior Project Leader at Aurora, said: “Stabilising future market revenues via Contracts for Difference significantly reduces risks for investors and is critical in attracting financing and supporting further offshore wind build-out, albeit some future price or merchant risk is transferred to the government and ultimately consumers.”