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Npower’s domestic and small business customers will be migrated to Eon, with its industrial and commercial arm spun off. The move will see Npower’s chief executive, Paul Coffey, depart and Michael Lewis take over leadership of both companies. There will be 'significant' job cuts as a result, with unions putting the figure at 4,500.
6 years ago
All the main parties have now published their general election manifestos. Utility Week asked Water UK, Energy UK and the ENA for their first impressions, taking in net zero ambitions and Labour's zeal for renationalisation.
Despite claims to have a fully-costed manifesto, the Labour Party has given little indication of the price tag attached to one of its flagship policies – renationalisation. As part of Utility Week’s Election 2019 coverage, Nigel Hawkins analyses the numbers behind the party’s plans to take energy and water networks, as well as the supply arms of the largest energy retailers, back into public hands.
Patrick Clarke, the director of network operations for UK Power Networks, has insisted the sector needs to be decarbonisation-ready, even in the absence of policy roadmaps – or risk a public backlash. He also shared his view on why utilities will still be digging up the roads in 50 years’ time.
The commitment to achieving net zero carbon emissions by 2050 has major implications for industry and society. With over a quarter of all UK carbon dioxide emissions currently attributed to the energy sector it’s clear that significant changes will have to take place in terms of how we produce energy, as well as how it is delivered and used.
A new report has laid out the true costs of eradicating emissions by either 2025 or 2030, calling the latter “implausible” and the former “practically impossible”. The analysis by thinktank Onward sets out a blueprint for a sustainable net-zero goal, including recommendations to replace the Contracts for Difference regime and removing energy levies from electricity bills.
Labour's renationalisation plans just got bigger, meaning even more uncertainty for utilities, writes Utility Week magazine editor Suzanne Heneghan
Labour’s renationalisation plans have sparked a backlash from industry trade bodies and defensive action from investors. Jane Gray assesses industry sentiment and asks whether Labour’s approach to the ‘big six’ energy retailers could be an attempt to emulate the Northern Ireland model.
Utility Week policy correspondent David Blackman picks through the details of Labour’s manifesto and talks to experts about the potential consequences for the sector. They discuss the extent and costs of the party’s nationalisation plans, whether its targets for massively expanding renewable generation are feasible and who would co-ordinate its ambitious net-zero goals.
Find out what energy charities are doing to help vulnerable customers claim payments and keep warm this winter.
The first list of unpaid invoices from the restarted Capacity Market has shown there is a £38.2 million deficit so far. A summary of missed payments published by the Electricity Settlements Company lists 33 suppliers who have so far failed to make a payment. Nine of these have already ceased trading.
This weekend's press round-up explores moves by SSE and National Grid to protect investors in the face of renationalisation threats; Scottish Power's plans for a major expansion of onshore windfarms and Dale Vince, founder of green energy supplier Ecotricity, donating to the Labour Party.
Utilities can reduce costs through the customer-centric digital transformation of their communications.