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Maximum revenues set for UK-Denmark interconnector

Maximum revenues set for UK-Denmark interconnector: The 1.4GW Viking Link project Final Project Assessment has been published by Ofgem, which will connect the UK from Lincolnshire to Denmark. The regulator under its cap and floor scheme, sets the cap on the maximum revenue a developer can earn and a floor for the minimum. Currently standing…
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British, Dutch offshore wind interconnection plans agreed

British, Dutch offshore wind interconnection plans agreed: The National Grid commercial development arm, National Grid Ventures and the Dutch transmission system operator TenneT have inked an agreement to investigate the feasibility of connecting the grids of both countries to the Dutch and British wind farms through subsea electricity cables. Up to 4GW of British and…
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Ofgem’s RIIO-2 draft determinations ‘unacceptable’

Ofgem’s RIIO-2 draft determinations ‘unacceptable’: A significant number of Ofgem’s RIIO-2 draft determinations and the overall package are ‘unacceptable’ says the National Grid, as they could impact the long-term resilience of the energy networks and delay investment for the net zero transition. The energy network company notes its business plans committed to almost £10 billion…
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National Grid warning network decay risks power blackouts

National Grid warning network decay risks power blackouts: Due to the decaying electricity network, the boss of National Grid has warned Britain will be at risk of power blackouts. Speaking to The Times, John Pettigrew said Ofgem‘s plans to cut investments in energy networks could result in an increased risk of blackouts as the regulator…
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£10m hydrogen home heating project launched

£10m hydrogen home heating project launched: A £10 million National Grid trial project has been launched to test if hydrogen can heat homes in the UK and reduce carbon dioxide emissions from industry. A hydrogen test facility at Spadeadam in Cumbria is planned to be built– to be delivered by the risk management and energy…
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Parameters for new capacity auctions set out

The parameters for the next Capacity Market (CM) auctions to ensure the UK continues to have sufficient electricity capacity to meet demand, have been set out by The Department for Business, Energy and Industrial Strategy (BEIS). In a letter from Kwasi Kwarteng, Minister for Business, Energy and Clean Growth, he confirms the parameters for the…
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Work starts on the worlds longest electricity interconnector

Work starts on the worlds longest electricity interconnector: The construction has begun on what is claimed to be the ‘world’s longest electricity interconnector‘. The new infrastructure will allow the UK and Denmark to share renewable energy through a 765 kilometre-long high-voltage cable, the Viking Link’s first phase of construction will see Siemens Energy developing the…
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Energy firms react against next network price control

Energy firms react against next network price control: Energy companies have raised concerns and criticised the proposals, including National Grid, ScottishPower and Scottish and Southern Electricity Networks Transmission about the announcement yesterday from Ofgem to transform the UK’s energy networks. National Grid in an announcement, said: “We are extremely disappointed with this draft determination which risks…
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