Telcos and broadband firms not eyeing energy market entry… yet
Telcos and broadband firms say they have no current plans to enter energy retail despite smaller firms eyeing multi-utility business offerings. But those in...
Opus sale buoys Utility Warehouse profit as supplier backs price cap and warns of...
Profits are up at Telecom Plus, the group that owns multi-utility provider Utility Warehouse. Selling its 20% stake in Opus Energy to Drax boosted returns...
Inenco: Readers invited to Summer Utilities Forum, 22 June, Lancashire
In this sponsored post, third party intermediary Inenco invites readers to its annual forum, taking place next week:
Inenco will host its second Summer Utilities...
UK gas demand hits five year high as coal-fired power tanks
Gas demand last year was the highest since 2011, according to latest government data. While households and businesses burnt more due to a colder winter,...
RWE-Engie tie-up talks: Reuters
Utility giants RWE and Engie are weighing potential tie-up options, according to newswire Reuters.
German utility RWE owns Npower in the UK and has a...
Centrica calls for suppliers to build capacity market gas plant
Centrica is calling for local suppliers to help build a new gas turbine at King's Lynn as well as refurbish the existing combined cycle...
Aborted billing system upgrade hits SSE retail profits
SSE retail profits took a hit from its decision not to plough on with a billing system upgrade.
For the year ending 31 March, the firm...
Regulate TPIs and implement energy price caps for small firms, urges FSB
Intervention on energy prices should be extended to small businesses and third party intermediaries must be properly regulated, the Federation of Small Businesses has...
What smart billing means for I&C firms, and why telcos may soon supply your...
TPI Inenco recently claimed that UK firms are owed £500m due to billing errors, and that only one in five businesses validate their bills....
Rise of the local authority energy companies
Local authorities are launching energy companies. Some now supply businesses, sign power purchase agreements with local generators, and seek TPIs to scale their B2B...
Energy Services Group acquires Utiligroup
US firm Energy Services Group has acquired UK-based Utiligroup for a reported £100m.
The Lancashire firm provides data management and software to energy companies around...
Centrica confirms no gas injections at Rough in 2017/18
Centrica's storage arm has confirmed that there will be no further injections of gas at the Rough storage facility in storage year 2017/18. Long term...
UK gas and power prices hit two year highs, but soften as system copes...
UK power prices in the first three months of 2017 averaged almost a third higher than the same period a year earlier, according to...
Small firms growing tired of constant calls from energy brokers
Small businesses appear to be tiring of constant calls from energy brokers, new research published by Ofgem suggests. Yet at least a quarter are...
Broker Pulse acquired by telecoms firm Arrow Business Communications
Energy Broker Pulse has been acquired by business communications firm Arrow for an undisclosed sum.
Pulse, owned by Ben Dhesi and wife Purdeep Kang, made...
Inenco: Energy supplier billing errors ‘costing UK firms half a billion pounds’
Inaccurate billing by energy suppliers is costing UK firms half a billion pounds a year, according to third party intermediary Inenco.
The consultancy says that one...
Former Extra Energy and Inenco Direct boss joins smart billing firm Junifer
Former Extra Energy CEO and Inenco Direct managing director Geoff Childs has joined utility smart billing firm Junifer Systems.
Childs joins as business development director.
Paul...
Wirral Council plans local energy company
Wirral Council looks set to become the next local authority to launch a municipal energy company. The Council's leader has backed the move and the...
Scottish Power launches second phase of ‘Operation TPI’
Scottish Power’s strategic push to build deeper links with third party intermediaries (TPIs) in the I&C sector has entered its second phase.
The energy supplier...
Centrica posts solid profits, further job cuts, Rough doubts remain
Centrica posted solid 2016 results, with operating profit up 4% to £1,515m and debt down 27% to £3,473m. The company indicated it plans to shave a further £500m...