Company strategy

Latest

Pennon ‘narrowing down’ acquisition prospects

Pennon Group has reiterated its appetite to use the funds from the sale of its waste management business to take over another water company.

4 years ago

0 to 60: Speed of change to accelerate in asset planning and fieldwork

4 years ago

CMA rejects SSE appeal

4 years ago

New energy models could unlock extra £21bn a year by 2050

A new report exploring what net zero could mean for the energy sector has identified five core business models to harness £21 billion it believes is set to be unlocked annually by 2050. The Utility 2050 project, a partnership of energy professionals, financiers and academics, concludes there needs to be a “deeper rethink” of the business models that make up the energy market and the regulation which supports them.

4 years ago

Shell launches BEIS-backed smart domestic heating trial

Shell Energy Retail has launched a trial exploring the effect smart thermostats, combined with energy usage insights, have on consumer behaviour. The trial, which has been awarded £300,000 from the government-led Smart Energy Savings Innovations Competition, will see 600 Shell customers using a device that allows them to control their heating and hot water through their smart phone.

4 years ago

GMB strikers set to accept Centrica terms ‘with heavy heart’

4 years ago

WPD aims to become net zero company by 2028

4 years ago

Decarbonising UK’s industrial heartlands critical to net zero

4 years ago

Octopus Energy takes on £3.4bn renewables portfolio

Octopus Energy Group has added £3.4 billion worth of renewable energy projects to its portfolio with the acquisition of sister company Octopus Renewables. From June the large retailer will manage Octopus Renewables’ European portfolio of more than 300 green assets under new business arm Octopus Energy Generation. Chris Hulatt, co-founder of Octopus Group, the parent company of both businesses, said he hoped the move would unlock a “multitude of new investment opportunities”.

4 years ago

Scottish Water named most trusted by consumers

4 years ago

Eon claims ‘turnaround’ for retail business

4 years ago

Home upgrade issues ‘could derail heat decarbonisation’

4 years ago

Consumer markets are unprepared for net zero

4 years ago

‘Nanny Ofgem is missing the bigger picture’

Ofgem’s proposal to make energy suppliers repay surplus credit balances has received mixed reactions. Is the regulator cracking down on unsustainable business models or choosing short-term wins over a permanent fix for a broken market? Adam John asks what this latest crackdown says about the nature of regulation in energy retail.

4 years ago

Premium on WPD sale is ‘big help’ to Ofgem

4 years ago

SVT sets out emissions reduction targets

Severn Trent has set its reduction targets for direct, indirect and supply chain greenhouse gas emissions by 2030 in line with guidelines from the Science Based Targets Initiative

4 years ago

Help is at hand for customers nearing ‘debt time-bomb’

4 years ago

Cathryn Ross to join Thames

4 years ago

Net zero cannot be about winners and losers

As part of the investment strand of our Countdown to COP campaign, Utility Week talks to Michael McNicholas of Omers, the backers of SGN and Thames Water. He discusses the investment case for UK utilities and ways to incentivise long-term, low-risk capital to drive forward decarbonisation.

4 years ago

On the Move: Ex-Tonik boss to head up Ovo Drive

Ovo Energy has launched a new dedicated electric vehicle (EV) division and has appointed the co-founder of former disruptor brand Tonik Energy as its managing director. Utility Week takes a look at this and other appointments from across the sector.

4 years ago