Heads of nine key energy firms warn bill ‘threatens to undermine’ regulation in sector October 21, 2022 The heads of nine major energy companies have voiced “increasing concern” about a bill which “threatens to undermine strong, independent” regulation of the sector. In a strongly-worded letter to Jacob Rees-Mogg MP Secretary of State for Business, Energy and Industrial Strategy (BEIS), they urge the government to rethink measures Energy Prices Bill. The bill is [...]
Suppliers fear revenue cap could deter investment and risk supply security October 12, 2022 The Government's decision to cap revenues from renewables generators risks deterring investment into the UK warned energy energy firms.
Capita posts ‘strong’ first half results as BBC TV licensing contract boosts outsourcer’s revenues June 29, 2022 Capita today posted “strong” results for the first half of 2022, after a series of “significant” government contracts boosted its H1 revenues. The outsourcing company said trading in the first half of 2022 sat in line with expectations, as it said its revenues were bolstered by the renewal of a £456m contract to run the [...]
Scottish Power exits business supplier market March 23, 2022 Energy firm Scottish Power revealed earlier this week it will stop selling energy to British industrial and commercial customers.
Energy giants pump £75m into offshore wind schemes following UK ban on Russian oil imports March 9, 2022 Two energy giants will pump £75m into offshore wind projects, which could light 8.5m homes, as Britain looks to wean itself on dependence for Russian oil. ScottishPower and Shell have set aside the cash stimulus for initiatives to improve clean energy, after the duo were awarded rights to develop floating wind projects off the country’s [...]
Scottish Power stops staff catching flights in bid to hold back unnecessary emissions October 17, 2021 Scottish Power, one of the UK’s largest energy suppliers, has stopped its workers from taking domestic flights in a bid to hold back emissions. Staff must now travel by rail between the energy heavyweight’s offices in Glasgow, Liverpool, London and other cities in the country, the Telegraph first reported. The moves comes with the UN’s [...]
UK could be forced to move nuclear weapons abroad if Scottish independence bid succeeds September 2, 2021 Britain’s nuclear weapons could be moved to France or the United States in the event of Scottish independence, Ministry of Defence contingency plans reveal. Several anonymous officials were cited by the Financial Times on Wednesday as saying they had been briefed on plans which could see Britain’s nuclear deterrents, currently based in Scottish ports, relocated [...]
Scottish Power owner sells £1.6bn wind farm stake August 12, 2019 Scottish Power owner Iberdrola said today it had sold a £1.6bn stake in an East Anglia wind farm as it looks for funds to expand its networks and renewables production. It signed a deal to sell 40 per cent in the East Anglia One offshore plant to an arm of Macquarie Group. Read more: Earnings [...]
Labour plans to nationalise power grid would delay green transition, firms say May 15, 2019 The businesses which supply power to British homes have hit out at Labour after it revealed plans to bring the electricity grid back into public hands. National Grid, which has run the networks since privatisation in 1990, today took aim at the party’s ambitions, saying its business was creating a framework to help Britain reduce its [...]
Scottish Power set to pump £2bn into the UK this year in face of Brexit fears February 26, 2019 Scottish Power’s chief executive today played down Brexit fears as the company committed to investing £2bn into the UK this year. The energy supplier, which last year transitioned to 100 per cent renewable energy, said it will pour £6bn into Britain between 2018 and 2022, with two fifths of that going to renewable energy generation. [...]