Company strategy

Latest

We should be intensely relaxed about a permanent energy price cap

In response to a Utility Week piece regarding the future of the energy price cap Greg Jackson, chief executive of Octopus Energy, makes the case for a permanent price cap. He cites the comparison with the minimum wage and its effect on employment.

5 years ago

Government to go ‘further and faster’ in response to CCC report

The government has published its response to the Committee on Climate Change's annual report. In its response it promises new measures including removing the planning threshold for storage technologies.

5 years ago

Rutherford Energy becomes seventh supplier of 2019 to cease trading

Rutherford, which traded under the name Uttily, supplied 280 business customers. Its parent company Uttily plc, which had commercial arrangements in place with a number of suppliers, has also ceased to trade.

5 years ago

Ofgem cuts £80m from National Grid’s Hinkley connection costs

Ofgem is proposing to use its RIIO framework to fund the connection of the new reactor at Hinkley Point C instead of its competition proxy model.

5 years ago

Battery storage exports ‘increased 600%’ between 2017-18

Data provided by the energy market data hub (EMDH) shows the "exponential" increase of battery storage exports. The data was released as part of a collaboration between the REA and ElectraLink.

5 years ago

Good Energy awarded LSE ‘green economy’ mark

The classification from the London Stock Exchange recognises companies which significantly contribute to the green global economy. Companies are given greater visibility to investors who are interested in funding green economy activities.

5 years ago

Free UW webinar explores using AI for better asset data

Date: 15/10/2019 12:00 am

‘Brexit uncertainty’ halts sustainability investment

5 years ago

Will the sun set on the energy price cap in 2023?

With Ofgem recently publishing its framework for assessing whether effective competition exists to remove the price cap, industry experts have voiced their concerns about the smart meter rollout being an indicator of success. A legislative “sunset clause” stipulates the cap will end in 2023, but some commentators remain sceptical.

5 years ago

Feeling the heat

5 years ago

Breaking Ground: WPD, SSEN and other projects

From WPD's £4.2 million safeguarding investment to Cadent's upgrade of Cheshire gas mains, there have been several projects happening across the sector recently. Utility Week takes a look at some of these in our weekly roundup.

5 years ago

Ovo surpasses £1bn revenue in 2018

Ovo has posted its financial results for 2018. The company also revealed it had over a million customers on its books.

5 years ago

Elexon calls for nationwide flexibility exchanges

Code administrator Elexon is proposing that nationwide electricity “flexibility platforms” are set up. The platforms would allow local distribution network operators (DNOs), suppliers and businesses to buy storage output or demand-side response (DSR) services.

5 years ago

The dawn of a new era for energy retail

5 years ago

Northern Powergrid trials EV energy storage technology

Northern Powergrid is trialing technology to provide electricity to customers during power cuts. The Silent Power project will use electric vans for energy storage.

5 years ago

ESO proposes overhaul of transmission charging zones for generators

5 years ago

Warrington Borough Council confirms 50% stake in Together Energy

As a result of the deal a new board of directors will be created for Together Energy. As well as this, 30 new jobs are set to be created in the Cheshire town.

5 years ago

Yorkshire Water awards £1bn AMP7 frameworks

The contracts awarded follow a 12-month procurement process. The investment will cover new build and refurbishment works for all mechanical, electrical, instrumentation, control and automation assets (MEICA).

5 years ago

BES Group to take on former Eversmart employees

Fleetwood-based BES is expanding into Manchester. The company will take on some former employees of failed supplier Eversmart Energy,

5 years ago

Southern agrees new commitments as £126m penalty is confirmed

As part of its £126m settlement for failures in operating sewage treatment sites and misreporting its performance, Southern has agreed to repay former customers who no longer live within its area. It has also agreed bonuses linked to wastewater compliance will not be paid when the company fails to meet its relevant performance commitments.

5 years ago