Generation

New licence condition proposed to reduce balancing costs

Weekend press: Energy firms face investigation into bill profiteering

Utility Week's latest roundup of national news from the weekend includes a BEIS investigation into energy firms accused of 'profiteering' by charging some businesses inflated prices for fixed-rate gas and electricity; elsewhere Rishi Sunak will advise world leaders to move faster on renewable energy at COP27; and the Liberal Democrat's leader attacks Ofwat over river water quality.

Government urged to end Sizewell C uncertainty

Ofgem approves ESO’s demand flexibility service

State ‘actively preventing’ private low-carbon investment

Wind power hits 20GW in GB first

‘No reason’ not to extend life of UK nuclear fleet

Coventry to be UK’s second Energy Superhub

Local wholesale pricing is ‘big risk’ for investment

Settling up during an energy crisis

Weekend press round-up: Windfall tax on energy firms may hit 30% and run to 2028

In our latest review of sector coverage in the national media, the government is said to be mulling plans to extend the energy windfall tax and expand its scope to include low-carbon generators. A Whitehall source has also said electric vehicle owners could be hit with road tax bills in less than three years. Meanwhile, Elexon has significantly cut the size of the deposits it requires suppliers to offer for power plants when they order electricity in advance.

Manufacturing problems see ITM Power shares plummet

Shares in electrolyser company ITM Power have plummeted in value after the company warned in a trading update that problems with the production of its latest stack would leave a dent in its earnings. Utility Week discussed the issues with the company's chief technology officer Dr Simon Bourne.  

Centrica reopens Rough gas storage facility

Wind generation hits new record high

The energy sector needs to recharge, reshape, and renew