Labour renationalision plans – responses

Proposals by the Labour Party to take energy networks back into public ownership would include interconnectors and would take the assets back at cut price. According to the FT, shareholders be given compensation below market prices because of  ”‘asset stripping…

Banking app to offer energy switching

Online bank Monzo has added an energy switching service to its app – although the switching options are currently limited to Ovo Energy and Octopus Energy. Users can enter information about their home to get quotes, then choose a tariff and…

Siemens to spin off gas and power business

Siemens is to spin off its gas and power interests in a new company to be given “complete independence and entrepreneurial freedom”. The new company will comprise Siemens’ current oil and gas, conventional power generation, power transmission and related services businesses. It will…