The results of the first UK capacity market auction were confirmed by DECC on Friday 2 January. The auction procured 49.26GW of capacity at a clearing price of £19.40/kW and an overall cost to consumers of £0.96bn. DECC confirmed that it would, later in January, update its estimate of the mechanism’s impact on bills for the period 2016-30. Energy and climate change secretary Ed Davey said: “This is fantastic news for bill-payers and businesses. We are guaranteeing security at the lowest cost for consumers. We’ve done this by ensuring that we get the best out of our existing power stations and unlocking new investment in flexible plant.”
Eccentric Energy: Shining a light on solar
With the UK enjoying sunny weather over recent weeks, we thought it’d be a good time to focus on eccentric energy ideas that harness the sun’s power.
11 Jul 2018 | Industry
World Cup fever grips the nation(al grid)
Stay updated on energy market changes over the last 7 days with Haven Power’s market report. Last week World Cup fever gripped the nation(al grid)
10 Jul 2018 | Company
Did you know you could make money from energy?
A growing number of UK businesses are enjoying the benefits of bespoke energy solutions resulting from Accelerator Workshops.
06 Jul 2018 | Company