Finance and investment

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Elexon: Wholesale price rises mean greater responsibility to self-balance

Continuing increases to wholesale costs mean suppliers have a greater responsibility to self-balance in the energy market, Elexon’s director of digital operations has said. Peter Stanley was speaking to Utility Week following an announcement by the Balancing and Settlement Code (BSC) administrator that the credit assessment price (CAP) is set to rise to a new record of £259/MWh.

3 years ago

Octopus: COP26 success is opening up global markets

3 years ago

Ovo suffers £141m loss after ‘accelerated integration’ of SSE’s retail arm

Ovo has announced it made a loss of £141 million in 2020 due to the integration of SSE’s energy retail arm. In its financial results for the year to the end of December, Ovo said the pandemic had forced it to accelerate its integration plans, bringing forward some of the associated costs.

3 years ago

Fundamental change is needed to steer out of the energy crisis

3 years ago

Analyst: Nuclear is uninvestable

3 years ago

Ofgem considers action against suppliers over late RO payments

Five energy suppliers could be issued with final orders by Ofgem over £7 million in late renewables obligation (RO) payments. The retailers in question are Ampoweruk, Whoop Energy, Goto Energy, Home Energy Trading and Colorado Energy.

3 years ago

Elexon says CAP could rise further

Elexon has confirmed following a consultation that the Credit Assessment Price will rise to a record £184/MWh. Since August there have been three increases to the CAP, each representing a new record figure.

3 years ago

Centrica completes construction of Army’s first solar farm

Centrica has completed the construction of the British Army’s first solar farm as part of a £200 million scheme designed to increase its use of renewable energy. The 2.3 MW project, the first of four pilot sites, was constructed by Centrica Business Solutions at The Defence School of Transport (DST) at Leconfield in East Yorkshire.

3 years ago

Early price cap adjustment must come with additional support for customers

3 years ago

Energy market sees triple supplier failure

3 years ago

Starmer commits to spend £6bn a year on energy efficiency

3 years ago

Nolan: Failed suppliers have no right to complain

3 years ago

Investment could ‘institutionalise’ blue hydrogen

3 years ago

Octopus Energy reveals £480m of fresh investment

3 years ago

WPD CEO: National Grid shares our vision of the future

3 years ago

Octopus takes on Avro’s 580,000 customers

3 years ago

Avro is the acid test for SoLR

3 years ago

CNG Group calls in advisors

3 years ago

Government ‘far too complacent’ over energy failures

3 years ago

BEIS and Ofgem ‘should consider one-off price cap adjustment’

A one-off adjustment to the price cap or even quarterly caps should be considered by Ofgem and the government, an ex-big six boss has suggested. Former Npower chief executive Paul Massara was talking to Utility Week about the options he believes the Department for Business, Energy and Industrial Strategy (BEIS) and the energy regulator will be considering as part of the industry’s response to the influx of supplier failures following a spike in wholesale costs.

3 years ago