British Gas, Scottish Power and E.On LOSE High Court row over handling of Bulb sale – but it might not be over yet Judgment Three major energy suppliers have lost their High Court challenge over the Government’s handling of the sale of collapsed energy firm Bulb. Scottish Power, British Gas and Eon claimed an “unfair sale process” led to decisions “to commit billions of pounds of taxpayer money to facilitate the acquisition of a failed business” by rival firm [...]
Centrica heads back to court to challenge government over Octopus’ Bulb takeover UK COURTS British Gas owner Centrica is set to lock horns with the government in court over its handling of Bulb's sale to rival Octopus.
Scottish Power owner Iberdrola expects hefty profit rise before windfall tax BIG PROFITS Scottish Power owner and Spain's biggest utility firm Iberdrola expects its net profit to increase by eight to ten per cent this year.
Scottish Power calls for Bulb auction to be scrapped and restarted October 24, 2022 Scottish Power has slammed the Government's handling of the sale of Bulb accusing them of distorting competition in the energy sector.
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 [...]