UK Government’s power auctions predicted to cost £3bn

Experts warn of potential £3 billion bill for UK billpayers as government auctions secure electricity supplies

Government launches second phase of capacity market changes

The Department for Energy Security and Net Zero has launched a consultation for changes designed to enhance energy security, align with net zero goals and improve scheme administration

Third-party costs reach record high: Businesses brace for sky-high energy bills

Charges such as Renewables Obligation, Balancing Services Use of Systems and Distribution Use of Systems are set to rise in the coming year, according to a new report

GridBeyond secures 271MW prequalified capacity for the Capacity Market

The Capacity Market Registers published on 29 November have confirmed that GridBeyond has prequalified 271 MW for the T-1 and 415 MW T-4 auctions planned for February 2023.

UK’s electricity sector in the midst of a “profound transition”

Reform of the wholesale market could improve efficiency and minimise system costs, according to a report

Next capacity market auctions confirmed for September

The T – 1 auction will be for delivery year 2023/24 and the T – 4 auction will be for delivery year 2026/27

National Grid ESO issues warning on stretched electricity supply

The Electricity System Operator warns margins between electricity supply and demand will be tight this evening

‘Unusual lull’ in wind power sparks National Grid energy warning

The Electricity System Operator says low levels of wind, generational outages and the balance of imports and exports are to blame for the impending power shortage

EU approves extension of two electricity capacity market schemes in Greece

The Commission found the extension of the two measures is necessary for a limited period of time, in view of the ongoing reforms in the Greek electricity market

Maxine Mayhew appointed to Low Carbon Contracts Company

She is the Managing Director of the Natural Resources Division at Costain, where she is responsible for the continued development of the energy, water and defence markets