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,...
ESB takes 75% control of So Energy
Irish state-owned electricity provider ESBÂ has acquired a controlling 75% stake in rising energy supplier So Energy.
The So Energy brand will be retained and its...
Transforming the energy investment market
Dare, a London based energy tech company using the power of data, analytics and trading expertise to support the energy transition, has been launched...
When fixed doesn’t mean fixed
Pozitive Energy customers with fixed price tariffs were surprised this week to receive a letter from the supplier announcing a price rise. This has...
UK-based Fuse Energy passes $300M in annual recurring revenue… and its not AI
As the tech industry obsesses over AI, Fuse Energy has arguably become one of Europe's fastest-growing startups by tackling a challenge every UK household...
Ofgem names best and worst home energy suppliers for first time
Energy regulator Ofgem has published the latest results of its annual Energy Consumer Satisfaction survey. For the first time it names the best and...
WORLD EXCLUSIVE: Another massive earthquake slashes 30% off power from China’s No.2 and No.3...
A reported 30% plummet in electricity output at two sister dams to China’s Three Gorges complex– at 22.6GW, the world’s biggest power plant of...
Ørsted exits mid-market to focus on 30GWh+ corporates
Ørsted will no longer pursue SME and mid-market customers, focusing its energy supply business instead on large industrial and commercial businesses that use at...
EDF appointed by Ofgem to supply customers of Green Network Energy
EDF has stepped in to help customers left without a supplier after Green Network Energy ceased trading on 27 January 2021.
The supplier will take...
CMA formally approves National Grid’s purchase of WPDÂ
National Grid’s £7.8 billion acquisition of Britain’s largest electricity distribution business has won formal approval from the competition watchdog.
The Competition and Markets Authority announced...
O’Kelly takes the helm at British Gas Energy
Catherine O’Kelly has been announced as the incoming new managing director of British Gas Energy. Returning from maternity leave, she will take up the...
Power market volatility at the highest for at least 13 years
Extreme price movements have been seen across commodity markets in 2021, with current power market volatility at the highest for at least 13 years. In...
Today’s utilities tomorrow: the path to the utility of the future
What will the electric utility of the future look like? This seemingly abstract question is being asked across boardrooms worldwide today as the electricity...
Octopus seeks Suomi wind and solar amid Northern lights
Fast-growing green power investor Octopus Renewables Infrastructure Trust (ORIT) is deepening its commitment to Finland.
Founded in 2010, the trust boasts generation assets across Europe...
Kraken enters Nordics
Norlys, Denmark’s largest integrated energy and telecommunications group, selects Kraken for its energy billing and customer service for Danish consumers.
Norlys will adopt Kraken’s AI-powered...
Drax sells SME business, Opus Energy Group, to EDF
Drax has reached agreement for the sale of up to 90,000 Small & Medium-sized (SME) customer meter points from Opus Energy Group Limited (Opus)...
Triple Point Energy Efficiency Infrastructure: £108m of near-term storage secured
Green investor Triple Point Energy Efficiency Infrastructure is eying portfolio expansion of over £560 million.
In a trading statement to investors today John Roberts, chairman...
EDF’s 12% hike leads suppliers’ response to Ofgem lifting price cap
EDF has leapt first at the starting gun fired for energy retailers two weeks ago, when Ofgem lifted its cap on regulated home tariffs..
The...
Does it feel like energy is out of control at the moment?
Is your business a victim of the market turbulence?
If the current energy market leaves you feeling out of control and at the whim of...
Schtum on prices, Centrica boss says UK gas supplies ‘unaffected’ by Putin’s Ukraine attack
British Gas’ eleven million consumers will face no interruption to gas supply after Vladimir Putin unleashed his duplicitous attack today on democratic Ukraine, Centrica’s...