Finance and investment

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Labour MP dubs water nationalisation ‘potentially disastrous’

Labour’s plan to renationalise the water industry has been branded “potentially disastrous” by one of the party’s own MPs who also chairs the industry’s all parliamentary group.

7 years ago

First year of water retail market sees 4.6% switching rate

A total of 123,005 supply point switches took place in the first year of the non-domestic water market out of an estimated 2.7 million supply points.

7 years ago

Ofwat responds to MP’s criticism about water pension cuts

Ofwat expects water companies to meet customers’ obligations and “take fair account” of employee interests before making dividend payments.

7 years ago

Future Retail #1: moving beyond the first year of the open water market

At the UK's inaugural water retailing conference – Future Retail #1 – market players of all shapes and sizes gathered to discuss what has gone well, what has gone badly, and what can be improved in the open water market.

7 years ago

Aggreko acquires 14 per cent share of Origami Energy

Temporary power provider Aggreko has acquired a 14 per cent share of software platform developer, Origami Energy, which uses smart technology to help customers realise the full revenue potential of their energy assets.

7 years ago

KKR to sell 75% equity stake in South Staffordshire plc

Global investment firm, KKR, has agreed to sell its 75 per cent equity stake in water utility South Staffordshire plc to independent investment advisory company, Arjun Infrastructure Partners (AIP) for an undisclosed sum.

7 years ago

Arlene Foster denies responsibility for botched RHI scheme

Northern Ireland’s ex-first minister has denied responsibility for the province’s non-domestic Renewable Heat Incentive even though she had departmental responsibility for the botched scheme.

7 years ago

Heat networks investment scheme to launch this autumn

The government has announced that it will be launching its programme to kickstart the mass roll out of heat networks this autumn.

7 years ago

EDF to raise prices by 1.4%

EDF Energy has become the second big six supplier this week to raise the price of its standard variable tariff. The company announced its SVT will rise by 1.4 per cent for dual fuel customers from 7 June.

7 years ago

UK Power Reserve pays electricity bill for homeless charity

UK Power Reserve (UKPR) has partnered with youth homelessness charity St Basils to support its Solihull hub with a donation of £9,300 to cover its electricity bill for a year.

7 years ago

Majority of cheap energy tariffs lack support for vulnerable

The majority of the cheapest energy tariffs do not include provision to support schemes aimed at vulnerable customers, research from First Utility has revealed.

7 years ago

Spark Energy signs up to Energy Switch Guarantee

Spark Energy has signed up to the Energy Switch Guarantee (ESG), an initiative launched in June 2016, which now covers more than 90 per cent of the market.

7 years ago

Co-op Energy moves to acquire Flow Energy

Co-op Energy has moved to acquire Flow Energy for a headline £9.25 million in a move which, if it goes ahead, will represent a major mid-market merger in the UK's domestic energy retail market.

7 years ago

British Gas announces 5.5% price rise

British Gas has announced it will raise its standard variable tariff from 29 May – a 5.5 per cent increase for an average dual fuel customer.

7 years ago

Anglian’s transparency drive

A raft of commitments by Anglian Water will see it “speed up” the removal of its Cayman Islands subsidiary, cut dividends, increase investment and review its corporate structure, says Katey Pigden.

7 years ago

Utility Week Awards winner case study: Cadent’s Leyland project

Category title: Environment Award Category sponsor: Enzen Award winner: Cadent Gas and CNG Fuels Title

7 years ago

Anglian Water plans to invest £800m for resilient network

Anglian Water has outlined proposals to invest more than £800 million to build a resilient water network for the future as part of its draft water resources management plan (WRMP).

7 years ago

Who is Katie Bickerstaffe?

SSE and Innogy have appointed Katie Bickerstaffe as the chief executive of their proposed joint venture retail company. But who is she, and where did she come from? Utility Week investigates.

7 years ago

Northumbrian Water gets go-ahead for £2.6m sewer upgrade

Northumbrian Water has been granted planning permission to carry out a £2.6 million upgrade to its sewer network at New Brancepeth in County Durham.

7 years ago

Severn Trent completes £40m reservoir expansion

Severn Trent has invested more than £40 million to expand Ambergate reservoir, which provides fresh water to parts of the East Midlands.

7 years ago