Nottingham Council owned energy supplier Robin Hood has posted a £23.1m loss for 2018/19. While the firm’s management says it is “confident” financial stability can be improved, a professional services firm is being brought in to conduct a strategic review. “This will consider all options for Robin Hood Energy and will be complete by the Read more…

Small supplier Gnergy is the latest casualty of the energy retail market. The company, which supplied around 9,000 household accounts and some small businesses, had been struggling for some time. It was run by a community of former Gurkhas, and was set up by retired army major Tikendra Dewan. The company was one of several Read more…

Centrica chief Ian Conn has exited. The former CEO announced he would be resigning in 2020 last July, but stepped down as the company published its annual report. Finance chief Chris O’Shea takes over as the company continues to search for a permanent chief exec. Chairman Charles Berry has also stepped down, having been on Read more…

Yorkshire-based Bayford Group plc, the diversified property-to-energy supply business, today took a further step into advanced energy markets, completing its purchase of the 320,000 customer accounts of supplier E Gas and Electricity. The supplier reported sales of £160m in 2019. It employs 170 staff at its Birmingham head office. Terms for the deal were not Read more…

Eon will no longer accept letters of authority (LOA) from third party intermediaries not signed up to its TPI Agreement, even if they already have an LOA in place. The energy supplier notified TPIs of the move last Friday with the new rules coming into effect as of Monday (9 March). Brokers and TPIs use Read more…

Simec Atlantis says the plastic and paper waste pellets it plans to burn at the former Uskmouth coal-fired power station in South Wales have passed volume production and milling tests. The Gupta-controlled firm aims to convert the power station to a 220MW energy from waste facility, with grid output scheduled for next year. Supplier N+P Read more…

Nuclear operator EDF Energy today confirmed both reactors at Dungeness B will continue to be out of service until July. The reactors shut down in September 2018, when safety inspections revealed corrosion in both cores and in associated pipework. Both AGR generators at the plant in Kent entered service in the mid-1980s. EDF is seeking Read more…

British Gas will supply 100 per cent renewable electricity from April to some 3,500 hospitals and clinics via a deal brokered by Inspired Energy. NHS Property Services (NHSPS) manages 3,500 NHS properties, around 11 per cent of the NHS estate in England. It also provides facilities management and maintenance to NHS trusts and tenants. Inspired Read more…

Centrica lost almost a fifth of its value in early trading after posting an £849m pre-tax loss for 2019. In 2018 the group had recorded a profit of £987 million. One-off charges totalling £1.1bn hit numbers hard and the near-term outlook remains grim for upstream operations. Spirit Energy, the group’s North Sea oil and gas Read more…

Energy is a complex business – especially when it comes to pricing. In this sponsored post EDF outlines the macro factors at play, and how businesses can get ahead of the curve with a series of free webinars. Here at EDF we are committed to providing customers with as much information as possible, on all Read more…

SSE will today complete the £500m sale of its retail customer book to Ovo. The deal will propel Ovo to the top table in terms of scale, with SSE bowing out of the domestic retail market to focus on renewables generation and networks. SSE will also keep its 550,000 business accounts and is pinning its Read more…

Business utilities supplier Yü Group has struck a hedging agreement with Smartest Energy in order to free up cash. Under the deal, Yü will only buy energy from Smartest and will receive a £13m variable credit facility in return. It will transfer outstanding forward trades in order to unlock that cash benefit over 2020. “Traditional Read more…

Eon has moved to stem big losses at Npower, planning major job cuts and removing CEO Paul Coffey. The company plans to fuse Eon and Npower back-ends, though Npower’s larger business customer unit will remain separate. “We will then be upgrading just one set of IT infrastructure instead of two separate systems and teams,” said Read more…

Centrica’s 386MW gas-fired power station at King’s Lynn, Norfolk, is now fully commissioned. It is the first CCGT delivered in the UK since the introduction of the Capacity Market (CM), designed to ensure security of supply and incentivise new build power stations facing revenue uncertainty in the face of near zero marginal cost renewables. Centrica Read more…

SSE’s business energy supply division saw operating profit fall 93 per cent to £2.9m for the six months to 30 September. The utility cited increased bad debt, lower volumes of energy sold, industry mutualisation and disposals. SSE said the collapse “reflects challenging market conditions” within business energy supply but said profitability is expected to improve Read more…

NUS Consulting has agreed a basket deal whereby some 150 companies will switch to renewable power from Smartest Energy. The group purchasing arrangement means smaller firms that might not usually have the resource to take a flexible supply contract can do so. Under contract, expected to be worth around £180m over four years, businesses ranging Read more…

Simec Atlantis’ plans to develop a 220MW power plant that burns paper, card and plastic at Uskmouth continue to advance. The Gupta-controlled firm has signed an agreement with Mitsubishi Hitachi Power Systems Europe (MHPS Europe) for the plant’s combustion system design. Simect Atlantis shares rose 18 per cent on the news. The Uskmouth plant, which Read more…

North East-based energy supplier Green has launched a ‘carbon neutral’ green gas offering. In addition to already supplying their members with 100% renewable electricity, Green’s newest tariff, called Birch, now gives customers the option of using carbon neutral gas. For every tonne of carbon gas consumption emitted, the firm offsets it through verified carbon offsetting Read more…

UK universities have earned what is believed to be a UK-first: an aggregated renewable power purchase agreement (PPA) across 20 education establishments worth £50m. The deal, which includes Newcastle, Exeter and Aberystwyth universities, was brokered by not for profit buying group The Energy Consortium. It is sleeved through EDF Energy, TEC’s framework supplier, with renewable Read more…