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Three renewable energy suppliers have been offered a temporary derogation for renewable standard variable tariffs (SVTs) from the default tariff cap.
7 years ago
Eon has confirmed it does not expect “any material effect” on either the timing or delivery of the the major asset swap between itself and RWE following the collapse of the proposed Npower and SSE merger.
The annual progress report on the smart meter programme, published by BEIS in the run up to Christmas, says that more than 176,000 gas and electricity SMETS2 meters were connected to the Data Communications Company’s (DCC) system by the end of November last year.
Drax has completed its acquisition of a 2.6GW portfolio of gas, hydro and pumped storage assets operated by Scottish Power from its parent company Iberdrola.
The temporary measure, which aims to protect customers on default tariffs, has faced criticism from industry players.
After an eventful year for utilities, Utility Week looks backs on the most read stories of 2018.
2018 will be remembered for a number of key events in the energy retail sphere, namely the confirmation of the energy price cap and the influx of failing energy suppliers.
Change is usually accompanied by uncertainty. Driven by the need to decarbonise, the energy industry is in the midst of a radical transformation. Whilst the end goal is clear, the route there is still being plotted out.
The past year has been a perfect storm for the water industry. Weather extremes are increasingly becoming the norm and the cracks of an ageing infrastructure are starting to show.
There are now just eight energy tariffs on the market that cost less than £1,000 a year, compared to 77 in January 2018, research from Which? reveals.
Thames Water has been fined £2 million and ordered to pay full costs of nearly £80,000 after raw sewage polluted two Oxfordshire streams, killing almost 150 fish.
The suspension of the electricity capacity market risks further undermining investor confidence in the power sector, which is already shaky as a result of Brexit, the chair of the Business, Energy and Industrial Strategy (BEIS) committee has warned Claire Perry.
Moody's said it took into account the announcement of 17 December that the merger between SSE and fellow large supplier Npower will not occur as previously announced.
British Gas owner Centrica is seeking a judicial review against Ofgem over how the regulator calculated wholesale costs when it set the level of the incoming energy price cap.
Mid-tier supplier Ovo and heat battery producer Sunamp have been awarded £1.6 million of grant funding from the government’s low-carbon heating technology fund.
Ahead of filing its financial report to Companies House, Bulb has updated the firm's members about its performance, which it says will become an "annual tradition".
Coventry-based supplier Economy Energy is reportedly seeking emergency fundraising from KPMG, Utility Week understands. The supplier was named by Ofgem as having failed to make the RO late payment deadline.
The government has been accused of "pushing the solar industry off a cliff edge" after yesterday’s (18 December) announcement that the scrapping of the mechanism used by households to sell excess renewable power to the grid is going ahead.
