Following a strategic review last year, Centrica is reorganising its UK business into two “business units”, called UK Home and UK Business. These business units will mainly operate under the firm’s British Gas brand and replace the three former businesses, British…
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European Investment Bank earmarks €200 million annual spend for energy efficiency projects
by Annabel Andrews • • Comments Off
The European Investment Bank has earmarked €200 million per year for for energy efficiency projects as part of its Private Finance for Energy Efficiency (PF4EE) initiative. This initiative promotes financing for energy efficiency projects and provides advisory support. PF4E was launched in…
Energy complaints up 23 per cent since 2014
by Annabel Andrews • • Comments Off
Ombudsman Services: Energy today publishes said energy company complaints increased to 65,168 in 2015 compared to 52,937 in 2014. The ombudsman said: “The figures follow a turbulent year for the energy industry, with mounting consumer dissatisfaction, market investigations and Ofgem-imposed…
Energy storage crucial for a low carbon energy system, says Renewable Energy Association
by Annabel Andrews • • Comments Off
Energy storage could help lower energy costs, ensure security of supply and increase penetration of variable renewable generation, according to a new report by KPMG for the REA. Recent substatial reductions in the cost of energy storage mean that large…
E.On cuts gas price by 5.1 per cent and claims Britain’s cheapest energy tariff
by Annabel Andrews • • Comments Off
E.On has announced a 5.1 per cent reduction in its standard gas price. All four of its dual fuel tariffs will be reduced. The company said the move made its new one year fixed dual fuel product the cheapest on the market…
Scottish CCS hub “a unique opportunity for the UK”
by Annabel Andrews • • Comments Off
Scottish Carbon Capture and Storage (SCCS) has outlined proposals for a Scottish CO2 storage hub, which could eventually store liquefied CO2 from across Europe. The hub would serve as a central collection point for CO2 emissions from different sources across Europe, from where…
Big six still providing poor customer service, according to Which
by Annabel Andrews • • Comments Off
The most recent Which? energy company satisfaction survey shows that the six largest energy retailers provide a poor level of customer service, while smaller energy suppliers continue to be rated highly by customers. The overall average customer score was 53…
Climate change ‘biggest global risk over coming decade’, says World Economic Forum
by New Power • • Comments Off
Climate change, and fears over lack of mitigation or adaptation, has been rated the top risk on the World Economic Forum’s 11th annual Global Risk Report – higher than weapons of mass destruction. What is more, it was closely linked…
E.On to sell UK exploration and production business to Premier Oil
by Annabel Andrews • • Comments Off
E.On has signed an agreement to sell its UK exploration and production subsidiaries to Premier Oil for $120 million (£83 million). The portfolio includes stakes in 40 licenses, including a 5.2 per cent interest in the Elgin-Franklin field, a 47…
Scotland should source half of all energy from renewables by 2030, says industry body
by Annabel Andrews • • Comments Off
Industry body Scottish Renewables has said Scotland should generate the equivalent of 50 per cent of its total electricity, heat and transport demand from renewables by 2030. Renewables currently produce the equivalent of 15 per cent of Scotland’s energy use from electricity,…