01342 332057
info@utilityweek.co.uk
Following the publication of British Gas owner Centrica's interim results in which the company posted huge losses, chief executive Iain Conn has defended his bonus payment.
6 years ago
Centrica chief executive Iain Conn will step down from his role next year following challenging first half of 2019 which saw profits plunge. Conn said it was the right time to let someone else lead the "smaller customer-facing company which I hope to have largely delivered on by the time I leave"
Toto Energy's operations director Tom Nicholas says the company has been "reset" after issues concerning customer complaints led to the company shedding thousands of customers last year. The company has now taken on the majority of Solarplicity's customers.
EDF has attributed a 75.9 per cent drop in EBITDA in the first half of the current financial year to a “deterioration of conditions in the market”, including the introduction of the cap on standard variable tariffs, suspension of capacity revenues and a downturn in nuclear generation.
Southern Water has applied for a drought permit to extend the abstraction level at the River Test in Hampshire but insists it has “grander plans” to secure alternative water supplies in the future. As part of the conditions for adopting the permit, Southern will need to introduce a hosepipe ban in some areas.
The majority of Solarplicity's customers have been bought by Brighton-based challenger energy supplier Toto Energy.
Utility Week takes a look at the various projects happening in the sector.
Newly released figures show that the majority of water companies beat their targets on leakage in 2018/19, however water usage increased during the year from 141 litres to 143 litres per day
Greencoat UK Wind has revealed it sees “further opportunities for investments” following the government’s recent pledge to reach net-zero emissions by 2050.
North West Water supplier United Utilities has become the latest company to receive a Fair Tax Mark which ensures it is paying its way in taxes.
Energy Networks Association’s Open Networks Project, which has been engaging with industry to power towards a smarter, low-carbon energy system, has reached some key milestones, says ENA's head of innovation, Randolph Brazier
Nottingham City Council joins Blackpool Council in becoming the second local authority to be granted a water self-supply licence. From 14 August the council will begin supplying its own buildings after purchasing water wholesale from Severn Trent.
Scottish Power has blamed the energy price cap and last year's Beast from the East on its poor performance in its half year results. The big six provider did however make a profit in its renewables and networks businesses.
Look After My Bills received the "best equity deal" in the BBC show Dragons Den's 13 year history. The Go Co Group also owns automated switching service Weflip.
Regulatory framework should “reflect and keep pace” with auto-switching and brokering services which are currently
