New £412k project to develop online flexible power trading hub

The UK Government has granted £412,000 for a new online marketplace for local electricity flexibility trading. The hub, to be developed by Open Utility, is expected to help distribution network operators (DNOs) play an active role in managing local smart grids as the growth of distributed renewable generation, storage and electric vehicles will have a […]

E.ON and Enel conduct first blockchain trade

German power provider E.ON and Italian electric utility Enel have traded for the first time using a new blockchain marketplace. The ‘Enerchain’ platform allows trading partners to conduct deals directly with each other in seconds, rather than requiring a central intermediary as is usually needed. The firms claim a more decentralised approach to generating, buying […]

Blockchain technology ‘could boost climate action’

A new technology called blockchain could play a major role in tackling climate change. That’s the view of experts at the UN Framework Convention on Climate Change (UNFCCC), who believe the technology could be used in a number of different ways. Blockchain is a distributed database that is continuously updated and verified by its users, […]

GB Energy Supply stops trading

Around 160,000 customers are to face higher gas and electricity bills as GB Energy Supply has announced it is no longer trading. The company blamed recent rises in energy prices but insisted all customer contracts “will be honoured” and their supply will not be affected. Customers are not able to log on to GB Energy’s […]

E.ON splits energy business

German energy giant E.ON is splitting in two and plans to train its efforts on renewable energy. The energy group announced today it will divide its green energy generation and distribution efforts, including customer solutions, from a new company made up of its trading, oil exploration work and fossil fuel-burning power plants. The move is prompted by a […]

Is Labour diving into the shallow end on energy policy?

Energy Bill has extensive experience working for suppliers, TPIs and other energy companies. Still employed in the industry, he writes exclusively for ELN on the energy issues of the day. Having successfully dipped its toes in the water last year with a proposal for an energy price freeze, Labour donned its togs and jumped right […]

Value of carbon markets forecast to rise in 2014

Analysts predict the value of trades in the carbon markets will rise for the first time since 2011. The value of the global carbon market is forecasted to rise to €46bn in 2014. While a rise of 15% from last year, this is well below €98bn high it hit in 2011. Bloomberg New Energy Finance […]

Big Six rival's deal with Shell in hope of cheap energy prices

Independent energy supplier First Utility has signed a five year energy trading partnership with Shell. The deal effectively sees the British oil giant play broker for the smaller firm, buying gas and electricity from the wholesale market. It’s the second such arrangement for Shell Energy Europe in the UK, earlier in February announcing it will […]

Volatile wind likely to affect power prices after nuke outage

The UK’s prompt power prices are likely to be affected by “volatile” wind supplies after storm St Jude took out the Dungeness nuclear power plant, according to a weekly market report. On Monday the energy firm EDF said it had switched off reactor B at Dungeness (pictured) after a power loss because of the strong […]