The energy regulator has initiated an investigation into Scottish and Southern Electricity Networks and OVO Energy’s four supply entities

The move is expected to prevent water companies from paying dividends that could threaten their financial stability

UK Energy Incubator Hub could lose its licence if it failed to comply, the regulator has said

The electric car manufacturer and technology firm hopes to develop virtual power plants in the UK and in other countries using its ‘Autobidder’ real-time trading and control platform

It comes after South West Water told the regulator last month that it has terminated Tor Water’s wholesale contract due to ‘a series of outstanding undisputed payments’

The retailer says the licence will give it the opportunity to take more control over water usage and data, deal directly with wholesalers and improve its water strategy

The supplier failed to meet its Renewables Obligation, under which firms that do not source the required proportion of electricity from green sources must pay into a fund

It will allow the company to provide developers and contractors with a full multi-utility offering across all utilities on new developments

It has launched a consultation until 23rd January 2019

The Dudgeon offshore wind farm is expected to generate enough electricity for nearly 410,000 homes every year