Plant delays hit Stobart
Stobart Group will be seeking to recover costs from delayed biomass-fuelled power plants that have required less fuel than expected, it said in a trading update.
Archive
CFD auction results
Three offshore wind farms with a capacity totalling 3.2GW have won agreements in the government’s latest contracts for difference auction.
EfW ‘needs new strategy’
The UK should re-examine its energy-from-waste strategy in the light of Brexit and the opportunities that advanced conversion technologies (ACT) offer, the industry says.
October people news
Garrett Blaney has been appointed as the next chairman of the ACER board of regulators. He is a commissioner at the Commission for Energy Regulation in Ireland.
ETS warning
Uncertainty about the UK’s participation in the EU Emissions Trading Scheme (ETS) beyond 2019 “is causing issues in the market now”, according to Eurelectric.
Uniper sale ‘this year’
E.On has said that it is now in “advanced negotiations” to sell its remaining stake in Uniper to Finnish utility Fortum. Agreement may be reached this year, the company said.
Hinkley Point C ‘not motivated by economics’
Hinkley Point C is not an economically attractive project for its investors, chancellor Philip Hammond has suggested.
Solar plans
Maas Capital (part of the ABN AMRO Bank) is to invest £160 million to fund the installation of solar panels from Solarplicity on affordable housing in England and Wales.
E.On moving from SVTs
E.On has promised to replace its standard variable tariff (SVT) with a fixed term tariff, initially for smart meter customers. People having a smart meter installed will be offered a one-year fixed tariff.
Fast switching
Ofgem wants customers to be able to switch energy supplier reliably in one day by 2020 and is planning to produce a work programme in 2018 to deliver that objective.