Finance and investment

Gridserve receives £10m investment from Hitachi

Moody’s: Outlook for water turns stable

The latest report from Moody's shows stability has returned to the water sector, albeit with reduced allowed returns. It notes the ongoing pressures from the pandemic may cause companies to miss performance targets, especially where asset maintenance is delayed.

Ofgem to delay increase to DCC performance penalties

Ofgem has proposed delaying an increase in the amount the Data Communications Company will be penalised by if it fails to hit performance targets. The regulator instead wants to see the different incentives put to trial before being properly implemented.

Setting up for success in price reviews

Even veterans of regulated companies can make simple errors in navigating the price control process. Simon Oates, director at Fingleton, sets out some fundamental steps to getting the best out of price reviews.

Ovo reports £106m loss

Scottish Water’s efficiency challenge ‘greater than PR19’

Ofgem investigates ‘unacceptable’ Symbio Energy

Octopus Energy sees value rise to $2bn with Tokyo Gas investment

Anglian funds 850 Green Bond projects

Anglian has funded 850 environmental projects through its Green Bond scheme that was established in 2017. The company has given an overview of what has been achieved through the scheme and what is coming down the track.

Treasury says emerging low-carbon tech likely to need state support

The government may need to provide “more direct support” for testbed low-carbon technologies, according to the Treasury’s interim Net Zero Review. The report says the government will also need to consider how to recoup lost tax revenues on the consumption of fossil fuels and from emissions-intensive industries, including the move from petrol to electric vehicles.

Business Stream prepares backstop against coronavirus losses

Scottish Water has made financial support of up to £88 million available to Business Stream to mitigate the impact of coronavirus. It comes as the water retailer reported an operational loss of £14 million for 2019/20, down from a profit of £0.3 million the previous year.

Drax sells gas turbine fleet for £193 million

Smart meters ‘can be eyes and ears of water network’

Ofwat has named smart networks as an area of focus for the next AMP cycle to bring step change in water companies' service. Engineering and analysis experts from Enzen talk to Utility Week about the advantages data could bring

Fixing a broken retail market

As chief executive of one of the market’s earliest disruptors, Doug Stewart has seen a lot of change since Green Energy UK came onto the scene in 2001. He talks to Utility Week about his concerns about mutualisation being triggered for the third year in a row in relation to suppliers not meeting their renewables obligations and his disdain at Ofgem’s rebranding of the big six to the "large seven".

National Grid sees spending allowances rise by £2.45bn