Three more interconnectors win guaranteed return in ‘cap and floor’ regime
Ofgem has confirmed it will guarantee returns for investors in three new interconnector projects with a total capacity of 4.2GW.
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Scenarios show gas network pressures below statutory minimum by mid-2020s
National Grid Gas will be unable to maintain supply pressures in large areas of the gas transmission network under most of its future scenarios, with Scotland and northeastern England worst affected.
Climate committee wants urgent action
The Clean Growth Strategy has changed the tone of discussions about reducing carbon emissions, according to a report on the strategy from the Committee on Climate Change (CCC).
Lords’ warning over cost of energy Brexit
Leaving the pan-European Internal Energy Market (IEM) could raise energy bills and create supply shortages, a House of Lords committee has warned.
Ofgem to restructure ahead of office move
Ofgem is facing major internal upheaval this year.
NPL calls for data-sharing to cut battery costs
As battery applications become more common among consumers, some measurement challenges must be met to cut the cost of commercialisation, according to the National Physical Laboratory (NPL).
European reserve auction platform ‘could cut balancing costs by a quarter’
National Grid believes that a new pan-European market for reserve power can meet 25% of the GB system’s balancing needs and cut GB balancing costs by €13 million a year.
Brexit hits European funding to UK
Last year the UK’s share of loans from the European Investment Bank (EIB) fell to a third of that in the previous year. In a review of 2017, the EIB said it had approved 901 projects in the year, up 15% on 2016.
NGET at loggerheads with Ofgem over Hinkley Point connection
National Grid Electricity Transmission (NGET) has fiercely resisted Ofgem claims about the costs of building and operating a transmission line to transport power from Hinkley Point C.
February news in brief
ElectraLink, the Code Administrator for the Distribution Code Use of System Agreement (DCUSA) will be acting as chair and secretariat for the Code Administrators Code of Practice (CACoP) in 2018.