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April sees record low number of energy switches started

April sees record low number of energy switches started

April saw a record low in the number of energy supplier switches started, the latest figures from Electralink have revealed. The company said with contracts ending each Spring April typically shows relatively high numbers of switches started as customers seek cheaper deals. Yet with a record increase to the price cap, Electralink said the appetite to change supplier has “flatlined”.

3 years ago

Government accepts EAC recommendations on sewers

The government has declared its support for further investment in sewerage systems in England and Wales in its response to the Environmental Audit Committee’s damning report on water quality in rivers. However, the committee's recommendations to address pollution from agriculture and homebuilding, which both play a significant role in preventing rivers from achieving good ecological status, were not accepted.

3 years ago

EDF makes first investment in UK heat pump market

3 years ago

Property developer buys stake in Ripple Energy wind project

3 years ago

Octopus backs project to import solar power from Morocco

3 years ago

Interconnector with Ireland secures new investment

3 years ago

Regulatory concerns deterring renewables investors

3 years ago

Octopus acquires stake in Lincs offshore wind farm

3 years ago

Only 10% of customers intend to ask supplier for owed credit balances

3 years ago

‘Continued strain’ of price cap takes toll on Scottish Power profits

Scottish Power's retail arm has recorded a £12 million loss for the first quarter of 2022, with the company citing the price cap methodology as causing a strain on earnings. The company, which at the end of March served 4.8 million customers, said earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by £118 million, or 111.5% year-on-year.

3 years ago

UKPN announces 292MW flexibility tender

3 years ago

Octopus launches ‘dating agency’ to spur windfarm development

3 years ago

BEIS rejects move to more frequent RO settlement

Proposals for more frequent settlement of the renewables obligation scheme have been rejected by the government. BEIS said the recent market turmoil, conflicting responses to its consultation on the issue and in some places unclear steers from stakeholders, had informed its decision.

3 years ago

Cox: Inflation will ‘flatter returns’ and damage sector legitimacy

As inflation rises it will “flatter shareholder returns” and “in turn question the legitimacy of the sector”, Jonson Cox has warned water companies, as he suggested shareholder returns could grow by 65% over the next three years. The outgoing chair of Ofwat warned that: "We talk about citizen science but I’m sure we will have citizen finance too.”

3 years ago

Ofgem pledges action on ‘moral hazard’ of energy retail

3 years ago

Pennon to accelerate renewable investment

3 years ago

Octopus to acquire heat pump manufacturer

3 years ago

Centrica signs deal with Push Energy to build solar portfolio

3 years ago

EDF considers 20-year life extension for Sizewell B

3 years ago

ESO awards £323m to large-scale green inertia technology  

3 years ago

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