Portsmouth Council pulls plug on own energy company

Scrapping the supplier would cost at least £2.5m of money that has already been committed, however, losses would have been greater if it continued

PwC cut carbon footprint by third in last decade

Consultancy firm PwC has cut its carbon footprint across the UK by nearly a third over the past decade. The company reduced the carbon footprint associated with energy consumption in its buildings by more than three quarters over the period while expanding its business by 44%. In 2007 the company committed to reducing carbon emissions by […]

UK outperforms G20 nations on decarbonisation

The UK decarbonised at a faster rate compared to other G20 countries last year. New analysis reveals the carbon intensity of the UK economy fell by 7.7% – almost three times the global average of 2.6%. That was due to a decline in coal usage, improved energy efficiency and “moderate” economic growth. Coal now represents […]

UK firms ‘concerned about cyber-attacks on new energy tech’

Around two-thirds (65%) of UK businesses are concerned about cyber-attacks as new technologies like smart meters are being installed. According to a new PwC survey, 51% of more than 500 UK businesses questioned are worried their client data isn’t handled securely enough by their energy supplier. The concern comes as energy companies are in the […]

UK businesses eye smart and distributed energy

A third of industrial firms are planning to invest more than £1 million in smart and distributed energy by 2022. That’s according to a new survey of more than 500 UK businesses conducted by PwC. One in five commercial firms said they planned to invest similarly, with mitigating high energy costs and managing security of […]

UK among top countries tackling climate change

The UK is a significant contibutor to reducting carbon intenstiy, with the second largest decline among 20 nations. It posted a 6% fall between 2014 and 2015, a new report from PricewaterhouseCooper reveals. That means the nation reduced its overall carbon intensity at an average rate of 3.5% annually, the annual Low Carbon Economy Index states. The report […]

Oil and gas sector ‘has two years to save North Sea’s future’

The North Sea basin has a two-year transformation window to ensure a strong, productive and profitable future. That’s according to PwC which is calling for urgent changes in the oil and gas sector in the region. However it states 58% of 37 senior oil and gas executives across the UK, Norway and Holland feel “positive” […]

‘No clear energy policies in the last 15 years’

Energy investors haven’t had clear policy frameworks in the last 15 years. That’s the view of Ronan O’Regan, Director of Power and Utilities at PwC, who insisted a clear and stable policy framework is needed in the current energy market. Speaking to ELN at the Energy Live Consultancy Conference he said: “In terms of uncertainty on […]

Oil and gas sector ‘should be prepared for low carbon transition’

The oil and gas industry must expand their focus beyond the oil price crisis and be ready for a low carbon transition. That’s according to PwC’s new report, which highlights the “vital” role the sector plays in the future energy system. The ‘New Energy Futures’ report sets out a framework to help companies navigate in […]

Australia ‘needs to double decarbonisation rate’

Australia will need to double its decarbonisation rate if it wants to meet its goal of reducing carbon emissions by 26% by 2030. A PricewaterhouseCoopers (PwC) report stated the country must slash its carbon emissions by 4.4% per year to achieve its target. That’s nearly double the 2.4% emissions cut on average managed by Australia […]