Ofwat has dismissed claims that its PR19 final determinations were focused on short-term savings over long-term investment as a “false dichotomy” and told the Competition and Markets Authority that companies must be in better shape.
A start-up incubator has been launched to harness the skills of furloughed workers in the energy sector for low-carbon projects. Spinning Reserve, which has been created by Rosa Stewart, the head of external affairs for SSE Energy – now part of Ovo Group, aims to tackle negative issues of unemployment and seize an opportunity to upskill fledgling net zero projects.
Eon UK is combining its business retail arm with Npower Business Solutions as part of the merger between the two energy giants. The move will create one of the UK’s largest business energy retailers, with both brands having around 57,000 I and C customers combined.
Good Energy founder Juliet Davenport explains why she continues to view furloughing staff as a “last resort” and insists “this can't just be about saving money for shareholders”. She tells Utility Week how the company is coping with the downturn in the business retail market, which now accounts for 50 per cent of its customer base, and its focus on supporting both the physical and mental wellbeing of its staff.
Mark Sussex, head of international, illion Digital Tech Solutions, discusses how smaller suppliers can differentiate themselves through the way they handle customers experiencing payment difficulties. Sussex argues that harnessing technology to assess affordability is key.
A piece of received wisdom has crept up on us over the past year or so. It is that the cost of replacing and uprating our energy generation and grid delivery capacity in the UK will be between £200 billion and £300 billion by 2030. Ministers now reel it off routinely as fact during debates in Parliament. I realised - if I had not done so before - that it had become "fact" when it appeared unsupported as a bullet point in a presentation by a Green Investment Bank adviser at a recent seminar I attended.