Finance and investment

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National Grid says WPD deal on track to complete in July

National Grid’s chief financial officer has promised a “light touch” approach to integrating Western Power Distribution (WPD) into the wider business after the deal completes in July. Andy Agg spoke to Utility Week following the group's full-year financial results.

4 years ago

SVT cuts sewer blockages and flooding by almost one-third

4 years ago

Net zero should be an investment bonanza – but it’s at risk of having the opposite effect

Investment in new technology and infrastructure is at the heart of any credible plan for delivering net zero. So, why are we struggling to unleash the low-carbon investment we need? The former director of clean growth at BEIS, Tim Lord, shares his view with Utility Week readers as part of our Countdown to COP series.

4 years ago

Ofwat approves £850m green investment and £1.9bn for WINEP

4 years ago

Ofwat mulls more detailed leakage reporting requirement

4 years ago

NI Water granted £2.1bn of capital investment

After six years of underinvestment, Northern Ireland Water has been granted £2.1 billion to spend on capital investment programmes to improve infrastructure as well as to meet climate and environmental goals. The increase in capital investment will enable the company to provide wastewater treatment services that have lagged behind the rate of housing growth.

4 years ago

Invinity to develop ‘next generation’ flow battery with Siemens Gamesa

4 years ago

Eon reports improved results following UK restructure

Eon has cited the successful restructure of its UK business as one of the reasons behind its improved overall results in the first quarter of 2021.

4 years ago

Push for growth sees Octopus’ losses mount

4 years ago

SSE and Equinor launch fresh bid for Peterhead CCS project

SSE and Equinor have revived plans for Peterhead Power Station to be fitted with carbon capture technology, with an aim of bringing the project online by 2026.

4 years ago

Macquarie sells I&C smart meter portfolio

4 years ago

Centrica continues to face ‘tough’ trading conditions

4 years ago

Investors do not feel listened to by Ofwat

4 years ago

On the Move: Heat Trust appoints new MD

In Utility Week’s latest round-up of people moves across the sector, the Heat Trust gets a new managing director; a former Centrica director is to head up Energy UK’s Vulnerability Commitment and the first chair of the UK Infrastructure Bank is unveiled.

4 years ago

Symbio told Covid is no excuse for late RO payments

4 years ago

Weekend press round-up: Goldman Sachs to plough £250m into Ovo

In our latest review of sector coverage across the national newspapers, Goldman Sachs is said to be in advanced negotiations to inject capital into Ovo Energy. Meanwhile, BP is considering bidding in the Scotwind auction as it ramps up its green ambitions. Lobbying efforts to promote investment in hydrogen and the future of desalination for drinking water are also analysed.

4 years ago

Hydrogen: No silver bullet without government firepower

4 years ago

Ofgem: ‘Whopping’ WPD premium shows market still attractive

Ofgem’s director of networks has told a Utility Week conference the premium National Grid is paying to acquire Western Power Distribution (WPD) proves the regulator’s case on cost of equity.

4 years ago

Large energy suppliers back calls for carbon tax

4 years ago

Business leaders call for National Deal on Net Zero Homes

4 years ago

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