Battery storage ‘cuts network operators' costs’

Widespread battery use in the British electricity grid will be “credit positive” for transmission network operators by allowing them to integrate renewables at lower cost, providing opportunities for outperformance and slowing the growth of customer bills, argues credit rating agency Moody's in a report.

The report said batteries will ease the pressure on balancing costs from rising renewable penetration as wind and solar generating capacity continues to increase

“National Grid will face...

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Energy network companies refute profit claims

The Energy Networks Association (ENA) has responded to claims by a think tank that they are making excessive profits.

The Energy and Climate Change Intelligence Unit (ECIU) said the six companies that transport electricity to Britain’s homes and businesses made annual average profit margins of 32% over the last six years.

This equates to about £10bn on the nation’s collective energy bill over six years (2010-15), or around £27 per home per year.

However, the ENA said that since the start of...

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Consumers willing to pay more for green energy

The majority of people are willing to spend more money in order to ‘go green’ when it comes to their energy provider, according to new research.

In the survey of over 2,000 adults commissioned by comparethemarket.com, the findings showed that nearly three quarters of UK adults (73%) would be willing to pay more for their energy from a provider which uses only renewable sources.

The findings follow the recently announced UK Government-backed independent review, which aims to find ways to...

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Sector Round Up 12th September 2017

GFG unveils £170m wind project plans

Plans for a wind farm of up to 54 turbines at Glenshero in the Scottish Highlands have been unveiled.

The GFG Alliance, which owns an aluminium smelter near Fort William, said the project will generate up to 178MW of energy following a total investment programme of up to £170m.

Steel for the wind-tower structures could be rolled at the Dalzell plant in Motherwell.

> Read more about the plans here

 

First power at Walney offshore extension

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More renewables vital to avoid climate change ‘fail’

The UK needs more renewable energy if it’s to avoid an “epic fail” on its climate change targets, according to a new report.

The report by environmental lobby groups including Green Alliance said power generated from onshore wind and large-scale solar is already cheaper that than produced by burning fossil fuels.

It argued that the cost of solar and wind will continue to fall during the 2020s while the price of fossil fuels will keep on rising.

“Although the power sector has seen the most...

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World energy demand to plateau from 2030 claims report

The world is approaching a watershed moment as energy demand is set to plateau from 2030 driven by greater efficiency, according to a report by consultancy DNV GL.

The Energy Transition Outlook said that a “rapid decarbonisation” of the energy supply is underway with renewables set to make up almost half of the energy mix by 2050, although gas will become the biggest single source of energy.

The report also predicted that energy efficiency will improve faster than global economic growth due...

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Ofgem eyes savings in Hinkley network upgrade

Ofgem believes the costs of a proposed upgrade to the high-voltage grid needed to connect the Hinkley Point C nuclear station in Somerset can be reduced.

National Grid submitted its economic case for an £840 million upgrade of the network to connect the power station back in March.

The watchdog is challenging about 20% of the proposed costs, based on its experience of tendering for offshore wind farm connection contracts.

Consultation launched

Ofgem has launched a consultation on two...

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UK energy network companies launch plans for joint innovation strategies

Energy network companies have unveiled plans to develop the first joint innovation strategies.

The Energy Networks Association (ENA) said the strategies will create “exciting opportunities” for the UK to benefit from new energy technologies such as battery storage, local renewable electricity generation and low-carbon heat sources, including biomethane and hydrogen.

David Smith, Chief Executive at the ENA, said: “Network companies are already using innovation projects to drive forward network ...

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Biggest-ever UK green bond launched

Utility group SSE has issued what it hailed as “the biggest ever green bond by a UK company”.

The company will use the €600 million (£550m) to refinance its recently-constructed onshore wind farms and sites it’s currently developing.

Gregor Alexander, Finance Director of SSE, said: “In line with our innovative approach to financing investment and as major investor in the UK and

Ireland’s renewable energy infrastructure, we are pleased this new issuance shows our commitment to SSE’s...

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Former Tory MP named as Prime Minister’s environment adviser

Prime Minister Theresa May has selected Sir John Randall as her new environment advisor.

Randall stood down as a Conservative MP at the 2015 General Election.

He had served as the representative for Uxbridge and South Ruislip since 1997.

Randall has previously spoken of how wildlife and bird watching “kept me sane” during his time in Westminster.

Move welcomed by environmentalists

His appointment as a special advisor on the environment with the Number 10 policy unit has been welcomed by...

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