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Greencoat UK Wind has grown the value of its portfolio to over £1.4 billion after investing more than £500 million in wind generation in 2017.
6 years ago
Its financial results for 2017 saw profits dive, prompting Centrica to announce further job losses and cost cutting. Its share price has rallied, but has it done enough? Tom Grimwood reports.
The boss of Drax Power says he is confident the company will be able to secure capacity market contracts for new gas turbines, despite the record-low price in the latest auction.
Drax Group has seen a rise in earnings despite the loss of £5 million due a fire at its Yorkshire power station which led to the temporary shut-down of two biomass units.
The Competition and Markets Authority (CMA) has dismissed an appeal by SSE and EDF Energy against an Ofgem decision on the transmission charges levied on generators.
National Grid has outlined proposals for a countrywide network of superfast chargers in an effort to end range anxiety for drivers of electric vehicles.
Octopus Energy has launched a new time of use tariff for smart meter customers which could see them paid to use electricity when demand is low or there is a glut of renewable power.
Ofgem has docked £4.7 million from the Data and Communications Company’s (DCC) allowed revenues for its failure to meet its two go-live deadlines for the smart meter network.
Centrica has announced the loss of 4,000 jobs in the face of stiff competition and the looming price cap on energy tariffs.
Renewable output rose by 27 per cent over 2017 due to windier weather and new capacity coming online, according to the latest Electric Insights report from Imperial College London.