Finance and investment

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National Grid to appeal cost of equity for RIIO2

National Grid has said it will accept most of RIIO2 final determinations for its electricity and gas transmission businesses but will submit a technical appeal on the cost of equity and the outperformance wedge to the Competition and Markets Authority. It said the final determination for the Electricity System Operator will be accepted in full.

4 years ago

Suppliers pay out £10m after overcharging 1m customers

4 years ago

Weekend press round-up: Energy companies set for price battle

In our latest review of sector coverage across the national newspapers, there is continued speculation of appeals to Ofgem’s RIIO2 final determinations by gas and transmission companies. Meanwhile, Abu Dhabi’s sovereign wealth fund is reported to be considering selling its stake in Thames Water. There is also coverage of government plans to force energy retailers to switch customers on to lower tariffs.

4 years ago

Analysts expect all companies to reject RIIO2 determinations

4 years ago

Green Homes Grant: A tale of two opportunities

Eon UK chief executive Michael Lewis outlines his thoughts on the progress of the Green Homes Grant scheme. Lewis believes more funding for the scheme's Local Authority Delivery (LAD) element could help with delivering further demand. Elsewhere Lewis discusses Eon's own response to the scheme, revealing that the company is creating more jobs to manage the thousands of LAD projects it has secured.

4 years ago

Centrica targets net zero by 2045; reports £360m loss

4 years ago

CMA appeals decision now due mid-March

4 years ago

Cadent Foundation funds ‘green doctors’ with £3m grant

A grant of £3 million is being awarded by the Cadent Foundation to fund ‘green doctors’, energy efficiency experts who will support fuel poor customers. The grant will support the expansion of community action charity Groundwork's green doctors programme, part of a new three-year strategic partnership with the foundation which is funded by the gas network operator.

4 years ago

Carbon tax ‘must protect low-income households’

Almost 70 per cent of people are in support of a carbon tax that protects lower income households from price increases, research from the Zero Carbon Campaign has found. Alongside the results of an Opinium survey of 2,000 UK adults, the campaign is launching a petition calling on the government to introduce charges on carbon emissions.

4 years ago

It’s time to make finance reporting work

4 years ago

British Gas accelerates fleet electrification

British Gas has placed what it claims is the UK’s largest commercial order of electric vehicles (EVs) and has brought forward the date for electrifying its fleet. Ahead of its preliminary financial results revealed it has ordered 2,000 new all-electric Vauxhall Vivaro-e vans and will now aim to have a fully electric fleet by 2025, five years earlier than previously planned.

4 years ago

Havant Thicket: The future of water resource planning

4 years ago

EDF Energy suffers £160 million impact from Covid

4 years ago

British Gas is first supplier to raise bills in line with price cap

4 years ago

Octopus and NatWest unveil EV charging bundle

Octopus Energy and NatWest Group have launched an electric vehicle (EV) charging bundle which will allow the bank’s customers to purchase chargers at discounted rates. The joint offering, which the companies claim is the first of its kind, includes the entire stack of infrastructure, technology and software needed to switch to EVs as well as a comprehensive assessment of each customer’s needs.

4 years ago

Oil and gas slump creating renewable investment ‘bubble’

4 years ago

Defra launches £10 million environmental grant

The EA and Defra have launched a fund to attract green finance by kickstarting schemes that improve the natural environment and have the potential to attract private sector investment.

4 years ago

Octopus Energy unveils independent ‘entech’ facility

4 years ago

Final pitches urge CMA to ‘reset the dial’

This week marks one year since the deadline for water companies in England and Wales to accept or reject Ofwat's final determinations for PR19. Ruth Williams delves into the final submissions to the Competition & Markets Authority (CMA) - from the appellant companies and the regulator - and recaps the arguments so far.

4 years ago

Drax agrees deal to buy Canadian biomass pellet producer

4 years ago