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Utilities must be ready for the energy demands of the megacities of the future – and adopt the right technologies to help.
6 years ago
SSE has agreed a deal with Ovo Energy to sell its retail arm to the challenger supplier for £500 million. Ovo has given an update on the transitional period following the proposed deal with SSE.
Katie Bickerstaffe was announced as the executive chair of SSE Energy Servcies earlier this year. Following last week's deal, her future role remains unclear.
Industry experts say five companies are at 90 per cent risk or higher of failing in Q4 2019. This is in addition to the six who have already exited the market this year.
Fernando Dominguez says network companies should expect the unexpected when preparing their RIIO2 business plans with net zero in mind.
The deal, which will see all 8,000 employees at SSE Energy Services transferred to Ovo, is expected to complete later this year or early 2020. It means Ovo will become the UK's second-largest energy supplier.
From National Grid's 160 metre Humber tunnel to Yorkshire Water's billion pound investment, there are plenty of projects happening in and around the utilities sector. Utility Week takes a look at some in our weekly roundup.
The will include significant funding for rapid EV charging infrastructure as well as investment in technologies to remove greenhouses gasses from the atmosphere. Utility Week looks at what the projects are aiming to achieve.
Warrington Borough Council looks set to be the latest local authority to enter the energy retail market. It has recently recommended purchasing a 50 per cent stake in Scottish company Together Energy.
The dispute resolution service said there had been a "gradual shift" in the kind of companies complaints are being directed at over the past few years. Matthew Vickers, chief executive at the Energy Ombudsman, also said the service had lost a significant amount of money owed by suppliers exiting the market.
Utility Week speaks to Good Energy founder Juliet Davenport about the company's success in targeting the business supply market and the "sticking point" of price in the domestic sector.
The regulator has announced how much it will allocate to Together Energy for its supplier of last resort costs in taking on 36,000 former One Select customers - falling short of the total amount requested.
Octopus Energy has expanded further into the global energy market with the acquisition of a German green energy supplier. Utility Week speaks to Greg Jackson, Octopus' chief executive, about the deal and the strategy behind it.
Utility companies must diversify their investment to offset their emissions, and help reverse the alarming decline in nature,.
The Manchester-based supplier was previously revealed to have failed to pay its renewables obligation (RO) to Ofgem on time. Eversmart confirmed in April that it had paid off what it owed in installments to the regulator.
Much has been written about the impact of mid-tier challengers such as Ovo, Octopus and Bulb on the established players’ market dominance. But how sustainable are these disruptors, especially if wholesale prices rise sharply? Utility Week gets the views of experts, including Paul Massara.
