Ofgem has dramatically cut the level at which it allows energy networks to recover the costs of financing their networks during the next price review period. From 2020/21 energy networks will have an assumed cost of equity of 4% (subject…

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Hitachi has signed a long-discussed plan to acquire ABB’s power grids business. Hitachi plans to initially acquire an 80.1% stake in the business and expects to close the acquisition in the first half of 2020, making Power Grids a consolidated…

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Plans for a merger of Npower’s retail business and the domestic supply business of SSE Energy Services have fallen through. SSE said the merger is “not now in the best interests of customers, employees or shareholders to proceed with the…

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Argonaut Power, Ingenious’ flexible energy platform, and Northumbrian Water are to pilot the use of large scale battery storage the water company’s sites across the North East, Essex and Suffolk. The batteries  are ‘second life’ li-ion units recovered from Renault…

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GridBeyond and Electricity North West (Construction and Maintenance) have formed a new partnership to offer enhanced Demand Side Response (DSR) and intelligent energy service technologies to business customers in the North West of England. Wayne Muncaster, UK Managing Director at…

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The gas system operator has asked for more information from users about gas use in future, as it tries to maintain gas pressures in the system. National Grid Gas has warned in recent ‘operability’ documents that it may not be able…

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It is misleading for climate change minister Claire Perry to tell Capacity Market (CM) participants that payments under CM contracts will resume, according to Tempus Energy founder Sara Bell. CM contracts were suspended and payments halted after the European Court…

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SDCL Energy Efficiency Income Trust (Seeit) has begun trading on the main market of the London Stock Exchange, claiming to be the first such company to focus exclusively on energy efficiency infrastructure. On 7 December the company announced it had raised…

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Fracking will not be permitted in Wales, Lesley Griffiths, cabinet secretary for energy, planning and rural affairs in the Welsh Assembly has announced. In addition, she said no new petroleum extraction licences would be granted. Wales took over petroleum licensing powers…

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One Select, an energy supplier with about 36,000 domestic customers, has ceased to trade and has entered the ‘supplier of last resort’ process. Ofgem will choose a new supplier to take on One Select’s customers as quickly as possible. This supplier…

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