In the electricity market flexibility has become an everyday word thrown around at conferences, in meetings, and in the boardroom – but why do we need it? What is it? And where does it come from? asks Pöyry senior consultant Rob Lee. The electricity system in Great Britain and across Europe has been undergoing unprecedented Read more…
AI modelling to deliver huge cost savings for large energy users
Energy procurement and risk management needs to be digitised, unified and placed onto one powerful platform, argues Joe Warren, from ZTP. For this reason, the company has developed an intelligent energy management platform, called Kiveev. Highlighted at the Energyst Event, the solution brings together live market pricing with non-commodity charge algorithms – providing visibility and Read more…
Yü Energy shares soar after FCA drops investigation
Yü Group’s share price climbed 66 per cent in early trading on news that the Financial Conduct Authority has discontinued its investigation into the company and does not intend to take action. The business energy and water supplier revealed a hole in accounts last October related to revenue it had booked but that was not Read more…
Green Energy Consulting: Exporting UK procurement expertise to Europe
Green Energy Consulting outlines its work for UK clients – and it’s planned expansion into Europe in this sponsored post. Green Energy Consulting is a well-established, leading consultancy specialising in renewable energy and sustainability. The company was established in 2012 by our two directors in one of Gateshead’s redeveloped railway arches. Since then we have Read more…
Understanding the fast-paced changes in the retail energy sector
The retail energy world is changing in Great Britain. Energy prices for end consumers are increasing, driven by multiple factors. The structure of charges is under review with major implications for the economics of behind-the-meter investments in on-site generation and storage. New ways of procuring energy are appearing that bypass the traditional utility with Read more…
Is a flexible energy procurement strategy too risky in today’s market?
After a period of relatively low commodity costs, we have started to see wholesale costs rise again in recent weeks. In an ever-changing market, will a fixed or a flexible approach deliver the best results for businesses, asks Inenco in this sponsored post In 2018, commodity costs peaked at prices we hadn’t seen for almost Read more…
Controlling energy budgets in uncertainty
Martyn Young, co-founder and Procurement Director of ZTP, the strategic energy software and management consultancy, outlines some interesting changes in the energy market – and their impact on businesses The past 12 months has proved a challenging time for energy managers in controlling budgets with the market cost of Summer 2019 Power peaking in September Read more…
It’s time to optimise your procurement strategy
In 2018, energy managers faced pressure on both sides of their bills as both commodity and non-commodity costs pushed their energy bills higher. Now, we’ve started to see commodity costs fall – and Inenco is encouraging all businesses to take the opportunity to optimise their procurement strategy. Last year, volatility returned to the wholesale market, Read more…
New CEO for Engie
Nicola Lovett has been appointed CEO of Engie’s UK & Ireland business as of 1 May. Current CEO Wilfrid Petrie will join the group’s executive committee in Paris and lead development of its French B2B business. Lovett joined the firm in 2013. She was most recently divisional CEO for Business Energy and Services. She said Read more…
Monarch Partnership set to acquire Utilitywise’s EIC
Third party intermediary Monarch Partnership is set to acquire Energy Intelligence Centre, formerly the corporate division of failed TPI Utilitywise, according to people familiar with the matter. Terms of the deal have not yet been disclosed. Neither company immediately responded to request for comment. However, some EIC clients have been informed of the move. (Story updated, Read more…
Risk management: New platform to manage flexible energy contracts
ZTP, the strategic energy software and management consultancy, recently launched its new platform, Kiveev, which has been designed to digitalise the procurement and management of flexible power and gas contracts, providing users with enhanced clarity of position, risk mitigation, time saving and budget control. ZTP spotted a gap in the market whereby many domestic and Read more…
Brexit is looming: Mounting concerns for European energy prices
Green Energy Consulting gives its take on European energy challenges – and its expansion plans – in this sponsored post. Uncertainty around the European energy market is the latest red flag with the deadline of Brexit fast approaching. There are mounting concerns on European energy prices and potential price or tax increases. Factors affecting European Read more…
Eon to build 75MW CHP at DS Smith’s Kemsley paper mill
Eon has signed a deal to build a combined heat and power plant at DS Smith’s Kemsley paper mill in Kent. The energy company said the 75MW development is its largest customer solutions project in a decade. The plant, due to start generating in 2021, will provide steam required for DS Smith’s processes as well Read more…
Flogas to convert National Grid’s Avonmouth gas storage site to LPG
Flogas has been granted planning permission to convert National Grid’s former LNG site at Avonmouth to store LPG. The aim is to create a facility capable of holding 34,564 tonnes of LPG, the largest of its kind in the UK. Flogas said it will bolster gas security for both commercial and residential customers. Flogas Britain Read more…
Innogy finance chief: winding down Npower an option
Innogy chief finance officer Bernhard Günther said all options are on the table for Npower, including winding down the business. On an analyst call, Günther said Innogy expected a negative Ebit contribution from UK retail of around €250m in 2019 and perhaps €150m in 2020. “Based on the current market situation, we don’t give any Read more…
Bad debt hits returns at Opus and Haven
Increasing levels of bad debt hit returns for Drax-owned business energy suppliers Opus Energy and Haven Power. The companies increased market share by 1 per cent, but margins were below target and the market remains challenging, said CEO Will Gardiner. Drax will continue investing in digital technology to lower cost to serve and improve retail Read more…
Centrica Business profit up 900 per cent, challenges ahead
Centrica’s UK business division returned £40m profit in 2018, a 900% improvement after the collapse of 2017. The company shed a further 9 per cent of its larger business customers, with industrial and commercial (I&C) accounts now standing at 106,000. Centrica said it is “focusing I&C acquisition and retention activity on those that have a Read more…
London calling for £500m energy contract
This spring, the London Energy Project will launch a tender for up to £500m worth of energy per annum for public buildings and street lighting. The aim is to find the greenest, best value contracts that enable local authorities, health authorities and other public sector customers in London and the South to cut carbon and Read more…
Utilitywise calls in administrators
Utilitywise is in administration having failed to find a buyer or raised enough money to stay in business. The company will immediately close its enterprise division, by far the largest part of its business, which acted as a third party intermediary (TPI) for the SME and micro business sectors. Andrew Johnson and Chad Griffin of FTI Read more…
Npower to cut 900 jobs
Npower is to cut 900 jobs, 14 per cent of its workforce. The company blamed tough market conditions, the price cap and intense competition on fixed price tariffs. CEO Paul Coffey said the company would still make a “significant” loss for the year after slashing headcount and wage bill. He said the recent spate of Read more…
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 13
- Next Page »