Blockchain has received the backing of a powerful coalition of energy companies and trading houses who have announced plans to create and invest in a new venture develop a blockchain-based digital platform for energy commodities trading.
National Grid’s UK power transmission profits slid more than 20% in the first half of its 2017/18 financial year, with the system operator (SO) continuing to prepare for its changing role in the power market.
Open Energi has launched its new Dynamic Demand 2.0 platform, capable of helping businesses shift demand by connecting an increased array of on-site equipment.
Yesterday came the symbolic moment that many in the smaller supplier market had been waiting for as SSE and RWE npower confirmed plans for a merger. However, with issues around competition in the GB supply market and a chequered history of consumer satisfaction, the fall of the Big Six to five may still be a way off.
The Department of Business, Energy and Industrial Strategy (BEIS) has refused to provide any clarity over when a decision on the potential derating of energy storage assets within the capacity market (CM) will be made despite a senior policy advisor stating the judgement is “imminent”.
National Grid has issued a warning to battery storage developers that it would expect them not to rely solely on grid balancing markets for revenue.
The Department for Business, Energy and Industrial Strategy has launched a new call for evidence (CfE) over the cost of energy on the back of recommendations put forward in the Helm review.
UPDATE: SSE and innogy owner nPower have confirmed that, subject to Competitions and Markets Authority (CMA) approval, the two companies are to merge to create "a major new independent competitor in the energy and home services market".
Centrica has boosted its presence within the global energy market with the acquisition of Restore, the demand response aggregator manging 1.7GW of peak load from industrial and commercial customers across European countries and the US.
Ofgem has revealed how it could overhaul current network access arrangements and charges in a bid to address perceived system imbalances and save consumers significant sums.
Digitalisation looks set to bring about fundamental change in the energy sector, saving hundreds of billions of US dollars by easing network constraints and removing the need for new infrastructure.
Siemens has continued to bolster its UK presence with a new partnership with Grid Battery Storage Limited (GBSL) which will see a 22MW portfolio of four projects built and an ‘energy storage as a service’ offering launched.
E.On has launched a new campaign to promote its fledgling EV charging network as it prepares to bring E.On Drive to the UK.
Vattenfall has been granted an independent distribution network operators (IDNO) licence by Ofgem, allowing the Swedish company to move into the UK’s network operations market.
National Grid has confirmed an overhaul of the grid balancing markets it operates, pledging to “rationalise” products such as frequency response and operating reserve.
After much anticipation, the Clean Growth Strategy (CGS) is finally out and has been swiftly followed by the Helm Review. Steve Mack, head of investments at Low Carbon, looks at how the two publications fit into the bigger picture of UK energy policy and what to look out for in the future from the upcoming Budget and the Industrial Strategy White Paper.