Finance and investment

Weekend press round-up: Rising tensions over net zero costs

There are rising tensions between the prime minister and the chancellor over the costs of reaching net zero emissions, the Telegraph has reported. Meanwhile, the UN’s climate change panel will warn the planet is on course to hit 1.5C of global warming ten years earlier than previously thought and EDF delays its final decision on whether to proceed with its Sizewell C nuclear plant. This and more in Utility Week’s round-up of the weekend papers.

Analysts surprised at SGN premium

SSEN proposes £400m Skye reinforcement project

SSE sells SGN stake for £1.2bn

Major firms offer ‘deal’ to Ofgem and government on EVs

Gas boiler ban is ‘not necessary’

CO2 removals market could match water sector revenues by 2050

The National Infrastructure Commission (NIC) has advised the government to avoid “picking winners” among greenhouse gas removal technologies and to rapidly introduce market frameworks to support various options. The NIC wants the government to commit to deploying five to ten megatonnes of engineered removals of carbon dioxide by 2030, rising to between 40 and 100 megatonnes by 2050.

Can open banking resolve utilities’ debt fears?

Download Utility Week’s report to discover the factors driving industry pilots of open banking technology to improve debt and payment management in the post-pandemic world.

Eon boss: Delaying gas boiler ban will drive up net-zero costs

BEIS considers split auctions in Capacity Market

Ovo: Retailers have to be allowed fair returns

Octopus Renewables acquires IDNO

Centrica ‘reconsidering’ sale of nuclear stake

Ecotricity makes hostile bid for Good Energy

Covid and strike action cost Centrica £87m