EDF revenues fall as nuclear profits drop off

EDF has pledged to step up its renewable energy efforts as its sliding nuclear business sees revenues fall. The French energy giant’s overall annual results for last year show a 16% drop in earnings before interest and tax, falling to £12.2 billion. Earnings in the UK fell by around a third as the company received lower […]

Ofgem threatens to fine network operators over poor customer service

Ofgem has threatened to cut the revenues of power distribution network operators (DNOs) by £13.9 million if they fail to improve customer service. DNOs own and operate the distribution network of towers and cables that bring electricity from the national transmission network to homes and businesses. There are 14 electricity distribution networks owned by six […]

Global demand response capacity ‘to grow to 144GW by 2025’

The global demand side response (DSR) capacity market is expected to grow to 144GW by 2025. That’s an increase from nearly 39GW this year, according to a new report. It states new business models, technology and software use will act as key enablers of future DSR adoption. DSR is a scheme where customers are incentivised […]

Green taxes raised £44.6bn in 2014

The amount raised in green taxes has more than doubled in two decades in the UK. A new report from the Office for National Statistics (ONS) revealed revenue from taxes on fuel, cars, energy bills and flights stood at £44.6 billion last year – 2.5% of the UK’s GDP. The figure totalled £17.6 billion in […]

UK solar investment fund buys first project for £12m

A UK solar investment fund – newly listed on the London Stock Exchange – has bought its first plant in Oxfordshire for £12 million, according to reports. Located near Abingdon, it is expected to start generating electricity in October this year and is being constructed for Bluefield Solar Income Fund (BSIF) by a Belgian contractor […]

British Gas owner sees half-year profits of £356m

The owner of British Gas has reported a 3.2% rise in half-year profits following a boost in gas consumption during the cold winter months. Centrica saw profits from its residential energy arm increase to £356 million from £345 million over the same period last year after gas usage rose by 13% compared to 2012. British […]

EU oil and gas sector to ‘struggle’ in 2013

The European oil and gas sector will be “unattractive” this year and is set to “struggle”, according to new research. Analysts at S&P Capital IQ Equity Research said that would be down to poor revenues and earnings in the coming months as well as increased capital expenditure. They downgraded the oil and gas sector to […]

Yorkshire Water takes action to turn off revenue leaks

Yorkshire Water has signed a multi-year agreement with Teccura, a consultancy that identifies lost revenue in energy. The deal will allow Yorkshire Water to recover previously unidentified or unbilled revenue. Teccura chief executive Kevin Kerigan told ELN that the lost revenue could equate to “many millions of pounds a year”. Teccura uses specialist technology that […]