News

No room for complacency despite falling gas prices

Charities’ concern as £25m in energy support yet to be redeemed

Weekend press round-up: Windfall tax on energy firms may hit 30% and run to 2028

In our latest review of sector coverage in the national media, the government is said to be mulling plans to extend the energy windfall tax and expand its scope to include low-carbon generators. A Whitehall source has also said electric vehicle owners could be hit with road tax bills in less than three years. Meanwhile, Elexon has significantly cut the size of the deposits it requires suppliers to offer for power plants when they order electricity in advance.

Octopus takes on Bulb’s 1.5m customers

Switching sees dip following summer uplift

Manufacturing problems see ITM Power shares plummet

Shares in electrolyser company ITM Power have plummeted in value after the company warned in a trading update that problems with the production of its latest stack would leave a dent in its earnings. Utility Week discussed the issues with the company's chief technology officer Dr Simon Bourne.  

Government taking ‘lax approach’ to climate impacts on infrastructure

Yorkshire secures drought permits

Proposals sought for hydrogen town pilots

Centrica reopens Rough gas storage facility

Thames Tideway granted six-month licence extension

Ofwat encourages equity raising to finance investment

David Black, Ofwat's chief executive, has told investors he expects that water companies will need to raise equity as well as debt to finance the investment needs of the next price review from 2025. Black also said it is "extraordinary" that companies have not recognised the benefits of linking executive pay to performance, something they will be required to do as part of their licence conditions for PR24.

Vince halts Ecotricity sale

Wind generation hits new record high

Environment Agency urged to act faster on improving river basins