Thames Water creditors in talks with Ofwat for debt rescue plan October 9, 2024 A creditor group has held a meeting with water watchdog Ofwat this week, to pitch plans to keep the troubled Thames Water out of state ownership
Centrica-owned Hive continues in the red despite sales rise October 9, 2024 Hive, the smart home devices brand owned by Centrica, continued in the red despite its revenue rising during its latest financial year. The business has reported a pre-tax loss of £28.2m for 2023, having also made a loss of £25.6m in 2022. Hive has never made a pre-tax profit since it was launched over a [...]
Elliott’s appeal over London Metal Exchange nickel shutdown dismissed October 7, 2024 A UK court has dismissed Elliott Investment Management bid to appeal a decision in the nickel case against the London Metal Exchange.
Rightmove warns almost £25bn needed to insulate 2.9m UK homes by 2030 October 4, 2024 There are 2.9 million houses that will require £23.4bn in improvements to meet the government’s energy performance certificate (EPC) standards by 2030, according to Rightmove. New analysis from the property portal found that an average of £8,074 will have to be spent on rental homes to upgrade them to a C rating by EPC standards. [...]
Starmer set to announce £22bn boost for UK carbon capture October 4, 2024 The UK is set to invest almost £22bn over 25 years in carbon capture and storage schemes, Sir Keir Starmer is to announce ahead of the upcoming international investment summit. Projects in Teesside and Merseyside will benefit from the £21.7bn in funding over 25 years, which the government says will attract £8bn in private investment [...]
Telecom Plus: Utility Warehouse provider continues growth streak October 3, 2024 Multi-service utility, internet and insurance firm Telecom Plus has reported a third consecutive year of double-digit growth. The FTSE 250 listed company, which provides energy, broadband, mobile and insurance services through one account, said that just over 1m households were now taking their essential home services from the firm. Telecoms Plus said that its customer [...]
Demise of coal power is end of an era, but not an end in itself October 1, 2024 A quiet revolution occurred in the very earliest moments of this morning, probably while you were asleep. You went to bed in one sort of country, and woke up in another sort entirely. The difference is largely invisible but undeniably huge: yesterday, the UK’s last coal power station was still operational and by this morning [...]
UK calls time on coal as it closes last remaining plant October 1, 2024 The UK has shut down its only remaining coal-fired power station, bringing to an end a 142-year dependence on the fossil fuel by the country that invented it as an industrial power source. The country’s last remaining coal power station, located in Nottinghamshire’s Ratcliffe-on-Soar, ceased operations at midnight on Monday, signalling a new chapter for [...]
Britain’s last coal-fired power station set to close in landmark moment September 26, 2024 The UK’s last remaining coal-fired power station is to shut at the end of September, drawing to a close Britain’s 142-year reliance on the fossil fuel to produce electricity. Ratcliffe-on-Soar power station has been generating electricity since 1968 via its four coal-fired boilers, eight vast cooling towers and 199-metre tall chimney, which occupies a prominent [...]
Ed Miliband brands renewable energy transition a ‘national security fight’ against nimbys September 17, 2024 Britain’s transition to renewable energy is the “economic justice, energy security and national security fight of our time”, Ed Miliband has said, as he pledged to “take on the blockers”. The energy security and net zero secretary told Energy UK’s annual conference in London that fossil fuel “dependence” continued to leave the UK “deeply vulnerable [...]