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"The divide in energy is not between the big and the small, but between good companies and bad ones"
7 years ago
Severn Trent’s multi-billion pound capital infrastructure programme is being bolstered by a recruitment drive for its recently formed capital design department.
Ofgem’s proposal to set the energy price cap at £1,136 per year for a typical dual fuel customer has been described as “concerning” for the whole industry.
The chief executive of multi-utility company Ervia has revealed the company is rolling out a “major investment” programme to address deficiencies in infrastructure following the summer heatwave.
National Debtline says the proportion of callers with energy arrears has risen from 9 per cent to 17 per cent in the last 10 years, while water arrears have risen from 4 per cent to 16 per cent.
The industry regulator proposes the cap to be set at £1,136 per year for a typical dual fuel customer paying by direct debit. When it is introduced suppliers will have to cut their prices to at or below the level of the cap.
Excluding nuclear from the energy mix dramatically increases the cost of decarbonising the power system, according to a report from the Massachusetts Institute of Technology (MIT).
Mid-tier green energy supplier Octopus Energy has acquired West Sussex-based Affect Energy for an undisclosed seven-figure sum.
Southern Water proposes to increase investment to £4 billion between 2020 to 2025 up from £3.2 billion for the current five-year price control period, the company revealed in its PR19 business plan.
Clean energy has been promised a share of an extra £1.5 billion per annum pledged by Nicola Sturgeon for infrastructure in Scotland.
Aurium Capital Markets, Equitix and Helios Energy Investments have announced the creation of a joint venture dedicated to investing in anaerobic digestion (AD) plants.
South West Water has announced it will offer customers a stake in the company, making it the first publicly part-owned water company since privatisation.
Energy networks have issued a “call for ideas” as they seek partners to help them compete for £90 million of funding up for grabs in Ofgem’s annual Network Innovation Competition (NIC).
The UK’s biggest water services provider has announced an £11.7 billion investment plan to improve infrastructure, service and efficiency as part of its PR19 plans.
The water industry has revealed plans to spend more than £50 billion between 2020 and 2025 – a 13 per cent increase on the current five-year period.
Innogy has now secured all of the necessary financing to build the £2 billion Triton Knoll offshore wind project.
As part of the regulator’s 2019 price review, PR19, all water companies must set out a detailed business plan, which outlines how they will meet the needs of their customers from 2020 to 2025 and beyond.
Delivery of new onshore wind projects will "drop sharply" this year following a record-breaking rate of new installations in 2017, a new report by Renewable UK has predicted.
Theresa May has announced a £56 million ($72 million) contribution to a World Bank backed
The government has been urged to prepare an emergency post-Brexit stimulus package to replace billions of pounds of lost EU funding for clean energy projects in the event of a no-deal departure.