Company strategy

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Ofwat encourages equity raising to finance investment

David Black, Ofwat's chief executive, has told investors he expects that water companies will need to raise equity as well as debt to finance the investment needs of the next price review from 2025. Black also said it is "extraordinary" that companies have not recognised the benefits of linking executive pay to performance, something they will be required to do as part of their licence conditions for PR24.

2 years ago

Vince halts Ecotricity sale

2 years ago

Masdar acquires battery developer Arlington Energy

2 years ago

So Energy looks to raise £50m to firm up finances

2 years ago

Yorkshire gives debtors breathing space

2 years ago

Energy crisis sees reversal of long-term decline in PPMs

2 years ago

Weekend press round-up: Ovo on watchlist for nationalisation

In our latest round-up of national media coverage Ovo Energy was considered by Ofgem to be at risk of failure earlier this summer, prompting the regulator to prepare for its potential nationalisation. Elsewhere, Energy UK has said the government's revenue cap on low carbon electricity generators will have “catastrophic consequences” for investment in green technologies.

2 years ago

Businesses must shift from intent to action on diversity

2 years ago

Ovo takeover of Bulb would be ‘brave move’

2 years ago

Utility Week Awards finalists revealed

2 years ago

On the Move: Scottish Water CEO; BEIS names second permanent secretary

Alex Plant, Anglian's director of strategy and regulation has been named as the new chief executive of Scottish Water to succeed Douglas Millican who will retire May 2023. Meanwhile, a second permanent secretary will re-join BEIS from HS2. Clive Maxwell, who was head of energy transformation in 2016/17 in the department, will work alongside Sarah Munby.

2 years ago