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The ability to navigate the peaks and troughs of an increasingly intermittent energy system requires long-term thinking about storage and flexibility. But, as experts tell David Blackman for the latest feature in our Countdown to COP series, substantial work is still needed to introduce the right market structures.
Analysis
Ofwat is considering altering Tideway's licence to acknowledge the delays and additional costs incurred because of Covid-19. It is consulting on changing the amount customers pay from 60 to 85 per cent of the c.£200million extra that the pandemic is anticipated to have added to the price of delivering the super sewer.
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Bulb chief executive Hayden Wood and REA boss Nina Skorupska are among 32 industry figures who have written to Boris Johnson urging him to scrap VAT on green products. While the letter states the sector was “encouraged” with the chancellor pledging investment in green infrastructure projects in the recent budget, it said there was disappointment at the “lack of policies to help people play a part in reaching net zero”.
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Renewable power retailer Good Energy has appointed a youth board of six secondary school pupils to give their perspectives on climate issues. The supplier worked with environmental educational charity Eco-Schools to recruit its Good Future Board which was narrowed down from almost 1,000 applications from pupils across the country.
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EDF has agreed to sell its West Burton B combined-cycle gas turbine (CCGT) power station to investment firm EIG for an undisclosed sum. The deal also includes a 49MW battery system at the site in Nottinghamshire.
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In our latest review of sector coverage across the national newspapers, the cost of the four appeals against Ofwat’s PR19 determinations is analysed. Meanwhile, Scottish Power discusses plans for Britain’s largest green hydrogen production facility and Shell sets out its strategy to install 5,000 rapid and ultra-rapid electric vehicle chargers across the country by 2025.
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Wessex has taken full ownership of Albion Water, having first invested in the company in 2016. Wessex exercised its option of buying the remaining 49 per cent stake in the New Appointment and Variation (NAV) company from Water Level.
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Following local campaign action to clean the waters in two Sussex harbours, Southern Water will invest £5m as part of its environmental commitments to improve waterways and reduce usage of CSOs in the area
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SP Energy Networks (SPEN) has begun using drones to inspect its network assets as part of the company’s bid to reduce emissions. In the past the company has relied solely on helicopters to visually assess more than 2,000 towers and electricity transmission structures across its transmission network covering central and southern Scotland.
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Octopus Energy has penned a deal with Shell- backed electric vehicle (EV) solutions company NewMotion which will see the latter’s chargepoints join its Electric Juice network (EJN). NewMotion has access to more than 3,200 chargepoints over 17 different networks across the UK. In total, it allows access to more than 200,000 chargepoints across Europe.
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Affinity and Cambridge Water have joined forces to expand their cover crops programme following the success of previous years' campaigns, which saved more than 40 tonnes of nitrates from entering watersources
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Ovo Energy has entered into a power purchase agreement (PPA) with Orsted in a bid to further strengthen its renewable energy credentials. Ovo, which already provided 100 per cent REGO-backed renewable electricity, said it expected the deal to mean 13 per cent of its electricity will be generated via a PPA.
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National Grid Electricity System Operator (ESO) has agreed to make a £1.5 million redress payment after an investigation by Ofgem found it had breached its licence conditions by failing to provide accurate and unbiased demand forecasts. The regulator said it does not believe the ESO deliberately set out to breach its licence conditions but “did not put in place adequate senior oversight and compliance controls to identify and mitigate this behaviour.”
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