Finance and investment

Yorkshire launches tariff for customers in debt

Under a new tariff Yorkshire Water will match billpayers' contributions to clear their debts, which the company said would equate to an average of £195 per eligible customer annually.

Centrica postpones ‘fire and rehire’ proposals

Peaking plants and batteries: building a flexible fleet

Rise in wholesale costs sees challengers increase tariffs

Pure Planet has announced a price increase due to the rise in wholesale costs as countries around the world emerge from the first phase of the coronavirus lockdown. Pure Planet co-founder Chris Alliot said in addition to the rise in wholesale prices, non-commodity costs, which make up a large part of energy bills, have also been going up.

Group submits £75m bid to create zero-carbon industrial hub in Humber

Macquarie and Siemens create joint venture to offer ‘energy-as-a-service’

Smart meter deal to solve procurement issues for challengers

Landis+Gyr has renewed its partnership with Calvin Capital in a deal it says will reduce the challenges faced by smaller energy suppliers in procuring smart meters. Under the new deal Landis+Gyr will provide SMETS2 smart meters to challenger energy brands which use Calvin Capital as their meter asset provider (MAP).

PR19 – Reasons to be cheerful for energy network CEOs?

In her latest exclusive column for Utility Week members, former Ofgem executive Maxine Frerk gives her view on the CMA appeals in the water sector. She examines what impact this is likely to have on RIIO2 and highlights areas of the CMA’s response that energy networks may want to study.

Water ‘centre of excellence’ due in Spring

Meeting the challenges of climate change, over population and PR19 will take innovation and collaboration both within and beyond the water sector. To realise this, a water "centre of excellence" has been conceived and will be launched in the spring.

What next for water companies working with lower WACC?

Verastar acquires Axis for Business energy customers

Multi-utility provider Verastar has acquired the energy customers of Hull-based Axis for Business for an undisclosed sum. The company, which provides energy, water and telecoms services to small business customers, will serve the former Axis customers through Kinex, one of its four brands.

CMA rocks the boat

Watchdogs warn CMA decision will affect more than water bills

Consumer watchdogs have welcomed the CMA's increased spending allowances for projects that were important to consumers but warned its overall stance could set a precedent for other regulated companies and add to the pressure on household finances.

Total acquires on-street charging network in London

Ofgem forecasts a 20% increase in cost of administering RO

Ofgem has revealed it expects the costs of administering the renewables obligation (RO) for the 2020-21 year to be £6.6 million – a 20 per cent increase compared to the previous year. The administration charges are used to cover a number of costs under the scheme.