As the world of energy changes at an ever-faster rate, how can businesses find the partners they need to cut costs and carbon emissions by producing as well as consuming electricity? Back in Thomas Edison’s day, the way electricity worked was simple. On one side there were producers. They owned and ran big power stations Read more…
Eon to axe 500 jobs
Eon plans to cut 500 jobs, around 5% of its UK workforce. The company said the redundancies would be made in non-customer facing roles. CEO Michael Lewis said the cuts were due to an increasingly competitive environment. He singled out the forthcoming price cap on tariffs as a contributory factor. Eon is trying to cut Read more…
Centrica posts profit for business energy supply but I&C customer losses continue
Centrica’s UK business energy supply division posted adjusted operating profit of £23m for the six months to 31 June, an improved result on last year, where it broke even. However, business customer losses continue. The company shed 17% of its industrial and commercial (I&C) customer base and 5% of small and medium enterprise (SME) accounts. Read more…
Low Costa Mill Holiday Cottages achieves TripAdvisor Gold Eco Leader status with renewable energy
Located on the banks of Costa Beck, Low Costa Mill is a collection of seven holiday cottages set in a peaceful haven on the edge of the Yorkshire Moors. Adapted from former farm and mill buildings, the cottages retain many original features, such as exposed beams and brickwork, and make an ideal base for families, Read more…
Drax posts b2b supply growth, massive pellet production gains, but outages hit earnings
Drax Group reported increased earnings and market share for its business-to-business supply operations, but outages within its generation business hit profit for the six months to 30 June. Earnings before interest, taxes, deductions and amortisation (Ebitda) fell 16% to £101m. Underlying earnings fell 22% to £7m. The firm owns what was once Europe’s largest coal-fired Read more…
SSE shareholders give green light for Npower deal
SSE shareholders have voted in favour of forming a new merged retail company combining SSE and Npower customer bases. The vote took place yesterday. SSE chairman Richard Gillingwater welcomed the decision and said “demerging SSE Energy Services and combining it with Npower is the right thing for customers and for the energy market as a Read more…
Renewable electricity helps Gatwick Airport achieve carbon neutrality
When Gatwick Airport renewed its contract with Haven Power it was in recognition of the supplier’s ability to manage their complex billing and support day-to-day operations. In addition, the energy company’s renewable electricity continues to play a role in helping the UK’s second largest airport achieve 100% carbon neutrality. Background Gatwick Airport is among the Read more…
Centrica Business on hunt for new CEO as Hanafin steps down
Centrica Business CEO Mark Hanafin will step down next March. The company said it has started to search for a successor. Hanafin has been with the firm for a decade. Last year he took the reins at Centrica Business, a key division encompassing energy supply, wholesale energy, energy optimisation and energy solutions. He also drove the Read more…
What’s the future of energy (and the energy of the future)?
The world of energy is changing at an ever-faster rate. In April 2018, the UK went five days without any coal-generated electricity for the first time since the 19th century. This was only the latest stage in an energy market revolution that’s already changed the industry almost beyond recognition – and which looks likely to Read more…
PPA platform launches to connect I&C firms direct with renewables developers
A new portal connecting industrial, commercial and public sector energy buyers with renewables developers claims it will make the Power Purchase Agreement (PPA) market more transparent. The consultancy behind the platform represents some large users, such as Liberty Global Group (Virgin Media), Pizza Hut and the Mexican government. Juan Pablo Cerda, managing director at Almach, Read more…
Total Gas & Power: Focused on what you need
Tim McManan-Smith fires some questions about the changing nature of energy market, and how customers should fashion their approach to it, at Total Gas & Power’s new director of major business, Mark Rose. In general, what is the customer’s number one concern, and how can you help them mitigate it? It does depend on the Read more…
Robin Hood Energy in the black, plans to go green
Council-owned Robin Hood Energy has made a trading surplus three years after launch, and notched up 115,000 customers. The not-for-profit company said it would use the £202,000 to voluntarily enter the Warm Home Discount scheme, which helps older people and those on low incomes to pay their fuel bills. Small suppliers are exempted from schemes Read more…
BES Utilities loses judicial review claim over data seized in raid
BES Utilities has lost a claim for judicial review following the raids on its premises by Lancashire Police and Trading Standards two years ago. In a related action, the company is also seeking £8.6m damages from Cheshire West and Chester Trading Standards. The authorities are conducting an investigation into allegations of fraudulent sales of utilities. Read more…
Utility Warehouse: More independent suppliers will go bust
Utility Warehouse has suggested small independents acquiring customers at a loss will not last long, predicting further insolvencies. Reporting financial results for the year to 31 March, parent firm Telecom Plus posted an adjusted pre-tax profit increase of £54.3m (up 1.8%) and a marginal statutory pre-tax profit increase on 2017 of £100,000 to £41.0m. Boom Read more…
Edina wins 2MW CHP contract Eon’s Cranbrook energy centre
Eon has awarded another CHP contract to Edina, which will supply and install a 2MWe gas-fired combined heat and power (CHP) plant at Cranbrook Energy Centre, Devon, by the end of this year. The £20m energy centre currently uses a 550kWe CHP unit to supply heat and hot water to the mixed use development, and Read more…
Rolls Royce to cut 4,600 jobs
Rolls Royce, the engines and power systems manufacturer, will cut 4,600 jobs over the next two years in a bid to save £400m per annum by 2020. The company said it aimed to create a leaner structure for its three business units. The restructure is expected to cost £500m. While issues with its Trent 1000 Read more…
SSE and Innogy appoint finance chief for proposed retail business
Gordon Boyd will head up finance at the merged SSE and Npower energy retail outfit, if it is approved by SSE shareholders and cleared by the competition watchdog. The Competition and Markets Authority is scutinising the deal, and along with regulator Ofgem, has raised concerns that it could reduce market competition. In a 47-page submission, Read more…
SSE to build new 840MW gas power station
SSE is to build a new combined cycle gas turbine (CCGT) power station in North Lincolnshire. The company says it will bid for a capacity market agreement for the proposed 840MW plant, which will be built next to the existing 740MW plant at Keadby. SSE intends to start work on Keadby 2 in the coming Read more…
Centrica sees 2018 growth from distributed energy and 1m connected homes
Centrica has notched up a million connected homes customers, after adding 91,000 ‘smart homes’ to its books in the first four months of this year. Meanwhile, the firm expects to post 50% higher revenues from its distributed energy business versus 2017. In a trading update, the firm said the UK energy retail market remained tough, Read more…
United Utilities and Severn Trent joint venture starts selling energy
Water Plus, the joint venture between water suppliers Severn Trent and United Utilities, has started selling energy as well as water to businesses. The company told The Energyst it is primarily targeting small firms, touting savings of ‘up to £400’ if companies buy all of their utilities through it. However, its website also states it Read more…
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