EU clears Centrica’s gas plants sale for £318m

The European Commission has approved the buyout of Centrica’s combined cycle gas turbine (CCGT) power stations by a UK arm of a Czech utility company. The Langage and South Humber Bank CCGT plants, with a combined capacity of 2.3GW, are located near Plymoouth and Stallingborough. The sale is part of Centrica’s strategy to invest more in […]

Centrica to sell two gas power plants for £318m

Centrica is to sell two operational combined cycle gas turbine (CCGT) power stations for £318 million. It is part of its strategy to invest more in the growing home services market and flexible generation. The Langage and South Humber Bank CCGT plants, which have a combined capacity of 2.3GW, are being sold to EP UK […]

Centrica to invest £180m in energy storage and gas plants

Centrica has confirmed plans to invest £180 million in flexible energy storage and gas-fired power plants. The announcement comes after the energy giant received 15-year agreements for more than 500MW of capacity under the Capacity Market auction announced last week. It will develop a 49MW battery storage facility in Cumbria which will be capable of […]

Storage, DSR and gas among winners in power capacity auction

Energy storage, demand side response (DSR) and gas plant operators have won bids in the electricity capacity auction for delivery in 2020/21. The total capacity awarded stands at 52.4GW at a lower-than-forecast price of £22.50kW/year. It is estimated the auction will have a net cost of around £2 per year on average for consumers in […]

Green Alliance: Energy subsidies to triple to support inefficient power plants

Public money in the next Capacity Market auction, which aims to ensure the UK has sufficient capacity to meet demand, will be used in supporting old and inefficient power plants. That’s according to think tank Green Alliance which claims the government will expand the auction to ensure new large-scale Combined Cycle Gas Turbines (CCGT) power plants win […]

UK green lights CCGT power plant in King’s Lynn

The UK Government has granted development consent for a combined cycle gas turbine (CCGT) power plant in King’s Lynn. Palm Paper CCGT Power Station has become the 50th Nationally Significant Infrastructure Project to be given the green light. Out of the 50 projects examined by the Planning Inspectorate, 31 were energy, 16 transport, two waste […]

Gas and power systems comfortable – DMR

The UK gas and power systems have opened comfortable today, according to npower’s daily market report. On the gas system, the linepack is forecast to close 4mcm short. Norwegian flows from the Langeled pipeline are at 65mcm and BBL is flowing at 22mcm. Sam Hill from the Optimisation Desk said: “Some storage facilities have upped […]

Gas system long – DMR

The UK gas system has opened 22mcm long, according to npower’s daily market report. Norwegian flows through the Langeled pipeline are at 70mcm. An outage at Rough storage has reduced flows by 0.8mcm. Alex Guiot from the Optimisation Desk said: “Temperatures keep providing volatility on the markets as they are revised higher for next week. […]

Egypt lent $200m for gas-fired power plant

A London-based bank is lending $200 million (£130m) for a 1.8GW Combined Cycle Gas Turbine (CCGT) power plant. The European Bank for Reconstruction and Development (EBRD) is joining forces with a group of lenders in Egypt to combat the country’s energy shortfall. The $1.3 billion (£0.9bn) plant will be built in Damanhour, north west of Cairo and will […]

Gas system long – DMR

The UK gas system has opened 18mcm long today, according to npower’s daily market report. That’s because some Norwegian gas field outages have ended. Alex Guiot from npower’s optimisation desk said: “The one at Kvitebjørn is resolved but the one at Asgard continues with a 10.5mcm restriction.” LNG flows from South Hook dropped to zero […]