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News

News
  • TECs Christmas Opening Hours
  • 22 December 2016
  • Our opening hours over the festive break;

    Closing 23rd December

    Re-opening 28th - 30th December

    Returning Tuesday 3rd January 2017

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  • Capacity market provisional results published
  • 12 December 2016
  • The T-4 2016 capacity market auction cleared on Thursday 8 December, with 52,425.302MW of capacity procured at a clearing price of £22.50/kW per year. The provisional results revealed that 4,779MW of the volume of capacity agreements awarded was for new or refurbishing capacity. 

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  • Huge Success for TEC at The Energy Awards
  • 02 December 2016
  • The Energy Consortium (TEC) has won the ‘Energy Buying Team of the Year Award at The Energy Awards 2016. The achievement is noteworthy as TEC were entered in the larger team category, beating some notable private sector teams to secure this award.

    The result was announced at the London Hilton, Park Lane on 30 November, with TEC taking the top spot in this prestigious category.

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  • Plugging the Energy Gap
  • 16 November 2016
  • A new E3G report based on analysis from Imperial College London shows that the UK urgently needs to develop a flexible power system. The report lays to rest the argument of a preventative ‘hidden’ cost of renewable power. Investment in grid flexibility lowers the final costs for the grid and for bill payers.

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  • Oxford University winner of Carbon Reduction Award at Green Gowns 2016
  • 11 November 2016
  • TEC were proud to sponsor the Carbon Reduction Award at The Green Gowns 2016, Oxford University being the winners.

    Universities and colleges from across the UK and Ireland have shown how they are leading the path to efficiency, employability and creating a better future of life for us all. Education is proving how sustainability is just good business sense.

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  • Caution urged as TPI Code of Practice Shelved.
  • 03 November 2016
  • Amid continued evidence from TEC Members and beyond of aggressive sales tactics, claims of significant savings which would have been available anyway and a lack of clarity of fees it seems that the energy regulator sees no need to act to restrict this behaviour. Instead they seem to be issuing a “play nicely children” request to the TPI community which amounts to a “carry on with your shady practise”.

     

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  • Chancellor urged to make key energy decisions in Autumn Statemen
  • 28 October 2016
  • The CBI has called on chancellor Phillip Hammond to use the Autumn Statement to provide investors with clarity on the future direction of energy policy. In a submission to the Treasury on Thursday 27 October, the CBI said policy changes over the past year had undermined confidence in the sector, and that long-term stability was needed. It said that the statement should be used to: set out the timing of the next contracts for difference auction; provide clarity on Levy Control Framework funding; confirm that the freeze to the Carbon Price Floor will be maintained beyond 2020

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  • NAO warns of continued LCF overspend
  • 18 October 2016
  • “The Levy Control Framework has helped make some of the impacts of renewable energy policies on consumers clearer.  But government’s forecasting, allocation of the budget and approach to dealing with uncertainty has been poor, and so has not supported value for money.

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  • DSR could cut energy security costs
  • 11 October 2016
  • Increasing the use of demand side response (DSR) could have reduced the cost of last November’s NISM by more than 20%, according to the Energy and Climate Intelligence Unit (ECIU).

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  • Fracking approved at two sites in Lancashire.
  • 06 October 2016
  • On the day fracking was approved at key sites in Lancashire (BBC) , prices for gas to be delivered and consumed in Winter 2017 rose on wholesale markets by over 3%, making an almost 8% rise this week. Gas fired electricity generation for 6th October amounted to more than 54% of the total.

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  • Data Support Administrator Vacancy
  • 27 September 2016
  • Based at our offices in Longbridge, this is an opportunity to join a highly professional team delivering energy procurement solutions to a membership of public sector bodies, most of whom are from the Higher and Further Education sector. This role is critical in the support of our growing energy portfolio and to the continued insourcing of data services and reporting.

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  • Frack to the Future
  • 27 September 2016
  • In what could perhaps be said to be a symbolic delivery, the first US Shale Gas shipment to the UK has docked at Ineos’ facility at Grangemouth in Scotland. The quantity is not as significant as the LNG deliveries to Milford Haven and Isle of Grain aboard the huge Q-Max tankers but it is significant as there has been a ban on fracking for gas in Scotland due to environmental concerns.

    With a ceremonial Piper on the bows of the ship, it will dock later today on the next tide. The low price of US shale gas is said to be “priced in” to world gas markets. Nonetheless this significant event is another step to the UK being ever more connected to a truly global gas market.

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  • Government must level the playing field for energy storage, says solar group
  • 23 September 2016
  • Over the past year, the STA has been evaluating the opportunities for energy storage in the context of solar power in the UK.  It is clear that storage and its interaction with solar will be a very significant building block of the clean and smart energy system the future demands. Consensus is emerging among respected analysts such as the view of bodies such as UBS (Guardian, 2014), National Grid (Energy Post, 2015), Deutsche Bank (Deutsche Bank Markets Research, 2015) and Energy UK (Energy UK, 2016) that solar + storage can play a key role in the energy industry in the timeframe of 5-10 years. Our own analysis suggests that there will be step-changes in cost and innovation that should enable battery storage to establish its place within the UK energy system.

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  • Job Opportunity at TEC!
  • 16 September 2016
  • Interim Data Services Manager 

    Required on a Fixed Term Contract for 12 – 15 months, commencing October/November 2016 to cover maternity leave.

    Based at our offices in Longbridge, this is an opportunity to join a highly professional team delivering energy procurement solutions to a membership of public sector bodies, most of whom are from the Higher and Further Education sector. This role is critical in the support of our growing energy portfolio and to the continued insourcing of data services and reporting.

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  • Renewable power is cheapest option today
  • 15 September 2016
  • LONDON/NEW YORK, Sept 14, 2016 – Renewable power generation costs are already lower on average worldwide than those of fossil fuels and clean energy plants will become even more cost-competitive by 2020, a new sensitivity analysis published by the Carbon Tracker Initiative finds.

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  • UK set to miss renewables target, MPs warn
  • 09 September 2016
  • The UK will fall short of its target for deploying renewable energy by 2020 unless significant policy reforms are introduced, according to the energy and climate change select committee.

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  • Hinkley Point contract too expensive, says Scottish Power
  • 05 September 2016
  • Scottish Power’s chief corporate officer Keith Anderson has praised the government’s decision to review the Hinkley Point C nuclear power project, saying that the agreement in place “looks expensive” compared to other options. In an interview with The Telegraph, Anderson said: “

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