Company strategy

Robin Hood needs to ‘get a grip’ following £23m loss

The supplier is currently undergoing a review which will consider "all options" for the company going forward. One industry insider described the situation as an "absolute travesty".

Utility Week Investor Summit: Money well spent?

Squeeze on returns will leave networks ‘hunkering down’

In the first part of our interview with Cadent chief executive Steve Fraser, we discussed the company’s past performance issues and his efforts to resolve them. In the second, we move onto hydrogen conversion, the gas mains replacement programme and returns for investors.

No clear message from government over smart meter rollout

UU: Uncertainty will slow the recovery of Water Plus

Less than half of energy workers confident about resilience plans

Energy workers have a widespread lack of faith in their employer's workforce resilience plans, according to a survey carried out by the union Prospect of its members in the sector. The poll raises concerns about social distancing and whether companies are moving quick enough to halt non-essential work.

EDF sends home 50% of workers at Hinkley Point C

Eon deal to adopt Kraken marks significant step for sector

Eon's adoption of the Kraken platform will see millions of customers migrated onto the system. One industry insider believes this could be a signal to other large players to enter the market.

Octopus Energy acquires hazmat suits for meter engineers

Coping with coronavirus: How networks are reacting

Npower losses balloon as customers continue to depart

Npower has reported a sharp decline in earnings during 2019 after customers continued to leave the supplier in droves. Meanwhile, Eon has announced plans to create a new energy company called Eonnext that will combine the residential and SME customers of both companies.

Gnergy customers move to Bulb

Ofgem has selected Bulb to absorb 9,000 domestic customers and a small number of non-domestic customers held by the Hampshire-based company, which ceased trading last week.

Total buys stake in floating wind project off Welsh coast

Smart Energy GB appoints new chief executive

The incoming chief executive joins from his own consultancy and has previously worked for Channel 4. Incumbent CEO Sacha Deshmukh will step down in March and Smart Energy GB’s director of finance and operations Alistair Gibbons will be acting as interim until the new chief executive joins in May.

Ofwat tells CMA firms can’t ask customers to pay for ‘previous shortcomings’