Ofgem reportedly spends millions on consultants amid energy crisis

The energy regulator has allegedly spent £14 million in the first three months of the year

How to unlock investment needed for storage tech?

More storage tech needs to be built to stop renewable energy being wasted, says a new report

Calon Energy’s UK gas plants put in ‘dormant state’ by administrators

That includes the 850MW Severn Power and 850MW Sutton Bridge gas plants

Is Rolls-Royce seeking to offload its civil nuclear business?

It is understood the proposed sale would not include its work on the Hinkley Point C project in the UK

‘Only 1/4 of firms disclose financial risks of climate change’

Almost three-quarters of large global companies do not acknowledge the financial risks of climate change in their annual reports. That’s according to new data from professional services firm KPMG, which compiles annual reports from 49 countries’ largest 100 businesses. It found only five countries in the world where a majority of the top 100 companies […]

Changes to distributed generators ‘could ensure energy trilemma’

Changes to the embedded benefits regime for distributed generators would help the government achieve its energy trilemma aims. That’s according to a report by KPMG, which follows government’s considerations to which embedded benefits should be modified. ‘The effects on the Energy Trilemma of changes to Embedded Benefits’ report stated the modifications would enhance security of supply, […]

Customers ‘could self-supply by 2020’

It will be “common” for customers to self-supply energy and go off the grid by 2020. That’s according to a survey by Vlerick Business School’s Energy Centre in partnership with KPMG. It asked energy executives from 24 countries, which represent 70% of the European consumers, about the changes they foresee in the industry in the […]

Solar funding cap is “positive” move for cash-strapped times

A cap on funding for solar panel projects which disappointed many has been greeted more practically by one firm in the solar supply chain. Larger solar projects won’t get cash from the renewable funding scheme under new plans announced yesterday. Jerry Hamilton, Director of Renewables and Energy Solutions at Rexel UK said: “In an ideal world, […]

Energy now biggest infrastructure concern for UK businesses

Energy has overtaken transport as the biggest infrastructure concern for British businesses, according to a survey commissioned by the Confederation of British Industry (CBI). The poll of more than 500 business leaders found 77% lacked confidence that energy infrastructure would improve in the next five years, a higher number than for transport, water, waste or […]

Ofgem chief to pick up energy role at KPMG

The outgoing boss of Ofgem is set to take on another to energy role at KPMG. When Ofgem chief executive Alistair Buchanan hangs up his hat at the regulator later this year, he will go on to be Chairman of the Big Four accountancy firm’s Power & Utilities practice. After 10 years at the helm […]