Power exchange Epex Spot has headed off an investigation by regulator Ofgem by agreeing to help set up another power exchange for companies trading power across interconnectors between the GB and Irish/Northern Irish markets.
Independent generators invested £58 million in 80 new renewable energy projects last year, adding 329MW to bring the total capacity of the sector above 14GW, according to Smartest Energy’s annual Energy Entrepreneurs Report.
Peel Ports is consulting on plans for development at Hunterston, North Ayrshire. The 300 acre site was previously used to import coal to burn in Scottish power stations.
Sustainable energy organisations have called on HMRC to halt planned changes to the VAT regime that would raise the cost of installing more efficient and lower-carbon energy measures.
The UK government is consulting, along with the devolved administrations, on a new UK carbon pricing scheme that would be employed in the event the UK could not take part in the EU’s Emissions Trading Scheme (EU ETS) after Brexit.
Anesco has launched a new venture aimed at the domestic solar and storage market.
Online bank Monzo has added an energy switching service to its app – although the switching options are currently limited to Ovo Energy and Octopus Energy.
Ofgem will set out its thinking on its revised approach to licensing and regulating suppliers at an industry meeting on 21 June.
Ofgem has set back plans to alter some aspects of the charging regime, including that for distribution-connected (‘embedded’) generation.