Elon Musk agrees to pay $20m and quit as Tesla Chairman

Mr Musk and Tesla, which has also been fined $20m, have agreed to settle the charges against them without admitting or denying the allegations

Guest Blog: Ian Davis – Smart meters: Getting the privacy controls right

What privacy controls should be put in place to ensure customers’ information shared with energy suppliers remain confidential? This question has been ongoing for a few years but it has reached a tipping point with the imminent wide-scale deployment of smart meters. Customers, energy suppliers and distributors who have historically relied on assessing domestic household […]

UK consults on new smart energy code

A consultation on a new industry code for the smart metering communication service has been launched. The Smart Energy Code (SEC) is a multi-party contract which sets out the terms for the provision of the Data and Communications Company (DCC). DCC is in charge of the communications system for smart meters which will link them […]

JP Morgan fined $920m for “unsafe” energy market trading

American and UK regulators today slapped the United States’ largest bank JP Morgan with fines totalling $920m (£574m) for “unsafe” trading practices. This includes allegations some of the bank’s traders manipulated domestic energy markets in California and the Mid-West. Known as the ‘London Whale’ trades, they led to $6.2billion worth of losses for the bank. […]

New solar energy research facility in India

The Indian Government has announced the approval of a new solar research and technology institute in the country. Called the National Institute of Solar Energy (NISE), the facility will assist the Ministry of New and Renewable Energy and function as the main national centre in a bid to advance solar technologies, with maximum cost benefits […]