Finance and investment

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Energy companies must pay their bills too

Action on companies failing to meet their Renewables Obligation deadlines is welcome but tougher action is needed to ensure suppliers are acting responsibly, says SSE Energy Services managing director, Stephen Forbes.

6 years ago

Breaking Ground: Drax power plant plans approved

6 years ago

Pennon dismisses claims of company break-up and eyes share offer to customers

Pennon's chief executive Chris Loughlin has told Utility Week that reports about splitting off the company's waste management business are pure speculation. Elsewhere in the business South West Water is preparing to offer customers shares in the business, which Loughlin said tapped into some of the emotions around the renationalisation debate.

6 years ago

Lobbying at the heart of looming Capacity Market crisis

Dr Matthew Lockwood gives his view on the role lobbying by big energy firms played in the breakdown of the system. He argues that new ways of making energy policy are essential if the UK is serious about reaching its net-zero goal.

6 years ago

What do investors want?

Leading analysts gave Utility Week readers an insider view of the concerns of global investors about the sector - outlining four key issues - at the first of our members-only networking events this week.

6 years ago

Regulator will not write ‘blank cheques’ for decarbonisation

Launching the annual State of the Market report, Ofgem chairman Martin Cave warned that standards must not be lowered for proposals even if they are progressing the decarbonisation agenda. He stressed that offloading the costs of net-zero onto vulnerable customers could undermine public support in tackling climate change.

6 years ago

Gresham House Energy Storage Fund announces £58m share offer

6 years ago

Contract awarded for first reservoir in 30 years

6 years ago

Not listening to customers on PR19 would be a failure

6 years ago

World’s largest offshore windfarm to use world’s most powerful turbine

6 years ago

New pension fund rules ‘show capitalism is best method to deliver net-zero’

The pensions minister has pointed to new rules forcing pension funds to take account of climate change in investment decisions as an example of capitalism driving forward green solutions. Labour’s plans to reach net-zero emissions by 2030, meanwhile, have been branded ‘”total tosh” by Andrea Leadsom.

6 years ago

Robin Hood Energy reveals March RO payment deadline

The supplier was one of four named as owing Ofgem more than £14 million in Renewables Obligation. The regulator said Robin Hood had provided no assurances it would pay its £9 million but the company told Utility Week an agreement had already been reached with Ofgem. Toto Energy also responded to the 'name and shame' announcement.

6 years ago

Four suppliers rapped for failing to pay ROs

Ofgem has revealed the four suppliers who failed to meet the first deadline to pay their Renewables Obligations (RO), leaving them owing a total of £14.7 million.

6 years ago

Centrica gains NG approval to use smart hot water tanks in virtual power plant

Centrica has partnered with an Oxford University spin out company to offer smart hot water tanks to its customers. The devices will learn the household's usage habits and only the heat water that is needed at certain times.

6 years ago

Making a pipe dream a reality

6 years ago

Breaking Ground: EDF partners with Gresham House; Scottish Water flooding investment and more projects

Utility Week examines a selection of the projects announced over the past week, including Scottish Water's £5 million investment in tackling flooding, UK Power Networks' LoadShare trial and EDF Energy announcing an asset optimisation deal with infrastructure investor Gresham House.

6 years ago

Engaged customers would pay £38 per month to tackle climate change

Research has found that only 31 per cent of households who are concerned about climate change are willing to pay for infrastructure to achieve net-zero. In total, 74 per cent of households said they were concerned about the impact of climate change.

6 years ago

UU performing ahead of targets

6 years ago

Hinkley Point C costs expected to rise by £2.9bn

6 years ago

Foreign investors in UK renewables ‘spooked by Brexit’

The vice-chair of the all-party parliamentary group on climate change has said European investors are turning to South America, because they are concerned about the impact of Brexit. However, one of the founders of Octopus Energy said the long-term attraction of UK renewables remained attractive.

6 years ago