Tempus Energy has called for an investigation into the black-start contracts awarded to two coal-fired power plants by National Grid.
Last week SSE rowed back on plans to close three of the four units at its Fiddler’s Ferry plant after it secured a contract to provide “ancillary services” to National Grid using one of the units. The following day Drax announced it had also secured a black-start contract.
Tempus chief executive Sara Bell urged the competition and financial conduct authorities to scrutinise the deals, and said the company was also considering options for “legal and regulatory redress”.
Utility Week 5th Aprl 2016 read more »
Far from having years to work out how to curb the risks of climate change, we face a moment of truth. Virtually all new fossil fuel-burning power-generation capacity will end up “stranded”. This is the argument of a paper by academics at Oxford university. We have grown used to the idea that it will be impossible to burn a large portion of estimated reserves of fossil fuels if the likely rise in global mean temperatures is to be kept below 2C. But fuels are not the only assets that might be stranded. A similar logic can be applied to parts of the capital stock.
FT 5th April 2016 read more »