London mayor could be the capital’s smallest electricity supplier by 2015, selling energy on from small suppliers to public bodies.
London mayor Boris Johnson has detailed how he plans to become the capital’s smallest electricity supplier.
The idea is that he would buy power from small generators at a better rate and sell it on to other public bodies to boost low carbon energy take up.
London would be the first public authority in the country to receive a brand new type of “junior” electricity licence. Johnson hopes to be buying and selling power by early 2015.
The mayor would offer small electricity producers in London up to 30% over the price offered by existing suppliers for their excess energy, which he would then sell on to Transport for London, the Met and others at cost price.
Improving the viability of local energy projects is expected to help unlock more than £300M worth of investment for 22 new heat and power projects already in the pipeline. In the longer term, it could help generate over £8bn of investment and around 850 jobs a year until 2025, said the mayor’s office.
“Nurturing a new crop of small, low carbon energy producers across the capital is the key to a more secure, cost-effective and sustainable energy supply for us all,” said Johnson. “Investing in locally sourced power will help keep Londoners’ fuel bills down and drive innovation, jobs and growth in this city’s burgeoning low carbon sector.”
Energy secretary Ed Davey said; “This is a significant development and I welcome that London will be the first public authority in the country to become a small electricity supplier. Opening up our energy market to smaller companies is good news for competition and therefore good news for consumers. This is part of my vision to help to meet the UK’s energy and climate change challenges, supporting a sustainable and secure energy system; reducing UK greenhouse gas emissions; and lowering consumer bills.”
An 800t concrete underpass for the new Rochester station was slid into place over the Easter Bank Holiday.
Contractor Freysinnet site workers slid the is 28m long by 7.6m wide and 4m high box 40m into a huge hole excavated by contractor C Spencer in the railway embankment at Corporation Street, just west of the existing station. The latter then backfilled around the new subway.
It was the first time a system of air jacks had been used on Britain’s railway network, using compressed nitrogen to lift the huge weight of the structure and hydraulic rams to shunt it into place, according to Network Rail.
Once it was in the right location, the railway was rebuilt over the top and trains began running again on Tuesday morning.
Rochester’s new station is part of a £147M project to improve the railway through the Medway Towns and provide space for more trains to run. Opening in late 2015, the station will allow 12-car trains to call at Rochester for the first time, will be closer to the town centre, and provide a catalyst for the regeneration of the riverside area.