Eon: Lockdown sees business energy demand fall 38 per cent

Business energy demand has dropped 38 per cent on average since the start of coronavirus lockdowns, according to Eon. Leisure, hospitality and real estate sectors...

Australia’s Origin takes £265m stake in Octopus Energy

Australia’s largest utility will pay £265m for a 20 per cent stake in Octopus Energy. It will pay £70m on completion and £195m in batches...
Bristol Mayor Marvin Rees backs the city's low carbon transition

Bristol Energy appoints EY to ‘assess future business viability’

Bristol City Council has appointed EY to conduct “a full and thorough assessment of Bristol Energy’s structure and future business viability”. That structure may lie...

Eon and Npower’s industrial and commercial businesses to merge

Eon and Npower's business energy supply units are to merge. Npower's business supply unit was originally left out of the deal which saw its domestic...

Eon doubles revenues, but Npower pushes UK business into loss

Eon doubled group first quarter revenues after bringing Innogy into the fold. Revenues stood at £15.6bn with earnings up 34 per cent to £1.29bn. However,...

Ovo axes 2,600 jobs

Ovo Energy is to make 2,600 staff redundant by the end of the year. The company cited customers switching to online self-management and a slump...

Greenpeace slams mega solar farm in Kent, Drax closes in on 3.6GW gas giant

Two minute briefing on energy stories to start the week: Britain’s biggest solar farm, Hive Energy and Wirsol Energy’s £450m Cleve Hill project on...

Sizewell C: EDF prepares to push nuclear option

EDF is seeking planning approval for its 3.2GW plant at Sizewell C on the Suffolk coast. The state-owned utility plans to test UK government...

Coronavirus’s impact on the UK energy market: Free webinar

Here at EDF we are committed to providing customers with as much information as possible, on all aspects of their energy consumption. The wholesale energy...
Bristol Mayor Marvin Rees backs the city's low carbon transition

Bristol City Council to try and sell Bristol Energy

Bristol City Council will attempt to sell Bristol Energy. The company was set up in 2015 and has struggled financially. The council last month appointed...

Centrica axes 5,000 jobs

Centrica is to cull a further 5,000 jobs this year, including around 20 top-level directors. New CEO Chris O'Shea is attempting to curb heavy losses...

Covid-19 and energy contracts: Making volume tolerance clauses interesting

Catalyst Commercial Services CEO, Chris Hurcombe, discusses Covid-19's impact on business energy contracts - and how volume tolerance clauses could prove costly, if enforced. The...

BP: leaves oil in ground, prepares for £80/t carbon price by 2030

BP today became the first global oil giant to accept hydrocarbon reserves must remain unexploited, if the firm is to survive. It's also preparing...

SSE business energy slumps to loss as bad debt bites

SSE’s business energy division slumped to an £18.5m loss for the year to 31 March, down from £51.6m profit the prior year. Electricity sales to...

Simec Atlantis waste-to-energy burn tests “couldn’t have gone better”

Mitsubishi Hitachi Power Systems says industrial burn tests of the waste-derived pellets to Simec Atlantis plans to use at Uskmouth Power station "couldn't have...

Drax faces threat of strike vote over redundancies

Drax is facing the prospect of a workforce vote for its first ever strike, over allegations of ‘bad faith’ surrounding more than 200 compulsory...

Smartest Energy signs PPA for 42MW Newhurst EfW plant

Smartest Energy has signed what it claims is one of the largest power purchase agreements to date in the energy-from-waste sector. The Marubeni-owned firm has...

Inspired plans £35m fundraise to buy rest of Ignite, eyes more deals

Inspired Energy plans to raise up to £35m to acquire the rest of Ignite and take advantage of market conditions to make further buys. The...

Simec Atlantis breaks Uskmouth into two phases, eyes data centre build

Simec Atlantis intends to break its 220MW Uskmouth coal conversion project into two 110MW phases. The firm said it had made the decision after talking...

Yü acquires Bristol Energy’s business customer book

Yü Energy has acquired Bristol Energy's business customer book, some 4,000 meter points, following a competitive tender. Bristol City Council is also seeking a buyer...