Which?’s best energy supplier list is dominated by small, agile retailers, while the big six languish near the bottom. Will a new breed of consumer and
disruptive technologies ultimately spell the end for the incumbent retailers? That was the issue at a Forum organised by Indepen
Rating agency Moody’s has warned it may downgrade ten European energy utilities, mostly because of their exposure to falling commodity and power prices.
Dong Energy is acting to reduce its imbalance costs by inviting business customers to reduce their demand at times when wind generation is low and increase it when it is high – and share the savings.
Demand response specialist Flexitricity has agreed a contract to provide ‘Demand Turn-Up’ services to National Grid that will see users paid to increase their demand when there is excess energy on the system.
Plans for a capacity mechanism to be introduced in France are likely to constitute state aid and should have been submitted for approval, the European Commission said in an opinion published in February.
The government’s attempts to devolve planning decisions for onshore wind have been criticised by the House of Lords Secondary Legislation Scrutiny Committee for containing “insufficient information”.
Centrica and EIG Global Energy Partners have sold three windfarms to a consortium of funds managed by BlackRock and the UK Green Investment Bank Offshore Wind Fund. The enterprise value is approximately £423 million.
Bristol Energy, the first municipal energy company in the south west and one of the first in the country, is officially open for business. The energy supply company was created by Bristol City Council in 2015.
The government’s plans to cut household fuel bills, announced in the 2015 spending review, will largely be funded by cuts to the current Energy Company Obligation (Eco) scheme, according to a letter from the Department of Energy and Climate Change
More than six million domestic energy supply accounts were switched in 2015, a 15% increase on 2014, according to figures published by Ofgem. This is the highest number of switches since 2011.