Finance and investment

Latest

Industrial decarbonisation projects awarded £171m

The government has granted £33 million to the Cadent-backed HyNet North West project as part of a wider £171 million allocation for its industrial decarbonisation strategy, which has also been published. The Department for Business, Energy and Industrial Strategy said the Industrial Decarbonisation Challenge funding has been earmarked for engineering and design work on nine projects in Scotland, South Wales, the North West, the Humber region and Teesside.

4 years ago

Ofgem proposes £1.4bn credit balance overhaul

Energy retailers could soon be required to automatically refund surplus consumer credit balances as part of a regulatory clampdown on unsustainable business practices. According to research by Ofgem £1.4 billion was held in surplus credit balances in October 2018.

4 years ago

Ofgem considers further Covid adjustments for price cap

Ofgem is again considering whether to adjust the default tariff cap to allow suppliers to recover costs due to the impact of Covid-19.

4 years ago

EDF acquires two solar projects in England and Wales

4 years ago

Auto-enrolment pension scheme to invest £250m in renewables

4 years ago

Gridserve takes 25% stake in Ecotricity’s Electric Highway

4 years ago

Who will blink first in bids for WPD?

Three companies are thought to be at the final stages of bidding for Western Power Distribution, including two familiar names and a new entrant to the market. James Wallin looks at the runners and riders and asks what the deal could mean for the wider question of rates of returns.

4 years ago

Bulb saw losses reduce in 2020

4 years ago

Charity launches emergency heat fund for off-grid homes

4 years ago

Cost of capital for ED2 revealed

4 years ago

REA calls for new support mechanism for long-duration energy storage

4 years ago

No time to waste on securing net zero investment

4 years ago

Energy market needs ‘level playing field’ to help vulnerable

4 years ago

Major utilities backer warns Ofgem ‘investments must be profitable’

4 years ago

UU forecasts ‘significantly better’ AMP7 ODI payments

United Utilities reports a strong first year to AMP7 with ODI reward payments 10x what they were at this point in AMP6 and predictions the company will do "significantly better" over the five years.

4 years ago

Fuel poverty figures underline lack of provision in Budget

4 years ago

RIIO2 appeals sought by all transmission and gas distribution networks

4 years ago

Consortium awarded grid link licence for Hornsea One after record investment

Ofgem has awarded a licence for the grid link to offshore windfarm Hornsea One after securing a record £1.2 billion investment. The Mitsubishi Corporation-led consortium Diamond Transmission Partners was selected by Ofgem to own and operate the offshore transmission system linking the windfarm to the British mainland.

4 years ago

Budget offers limited support for net zero

Rishi Sunak has allocated around £100 million of new cash for testbed energy projects in a Budget that has otherwise been branded a “missed opportunity” to take forward the Prime Minister’s green recovery plan.

4 years ago

Latest on RIIO2 appeals

4 years ago