Companies relaxed over summer trading
New Power asked Jamie Stewart, power editor at price reporters ICIS, what traders expect as we head into the summer season
Archive
Here comes summer
Our changing power portfolio presents new challenges to operability.
Energy infrastructure decisions delayed by election
Prime minister Theresa May’s surprise decision to call a snap general election in 8 June will hit government decisions on upcoming generation projects that are being treated as nationally significant infrastructure projects (NSIPs).
May 2017 News in Brief
Utiligroup has been acquired by Energy Services Group, the billing and back office provider backed by US private equity firm Accel-KKR, according to a report in the Financial Times. ESG provides services for about 150 energy retailers worldwide.
People news May 2017
Dong Energy’s UK country chairman Brent Cheshire will retire in June after 13 years with the company. Matthew Wright, previously chief executive of Southern Water, will become the new managing director of Dong Energy UK from 1 June.
Moorside delay
NuGen is to delay applying for a development consent order for Moorside. The company had planned to make the application by the end of June, but now says the timetable will depend on how it alters its design to meet local conditions.
Engie exits
Engie has announced it is withdrawing from NuGen, the company that plans to build three Westinghouse AP1000 reactors at Moorside in West Cumbria.
Anesco and Limejump team up
Anesco and Limejump have announced plans to create the largest portfolio of battery storage in the UK.
Tepco buys in
Japanese utility Tokyo Electric Power has announced a £500,000 equity investment in Moixa Energy Holdings, the UK residential battery company.
King’s Lynn upgrade
Siemens is to start work at Centrica’s mothballed King’s Lynn power station in Norfolk, where it will install a new gas turbine and carry out major refurbishment.