Ofwat proposes changes to transparency and governance principles

It is consulting on a new set of proposals until 21st August

Leading banks to work with UN to promote climate transparency

A total of 11 leading banks representing more than $7 trillion (£5.4tn) in capital are to work with the UN to promote climate transparency in financial markets. The group, which includes Barclays, Citi, Royal Bank of Canada, Santander and Standard Charter, will adopt the recommendations of the Mark Carney-Michael Bloomberg Task Force on Climate-Related Financial […]

EU to increase transparency of intergovernmental deals

The EU has today officially adopted measures to improve the transparency of intergovernmental energy agreements. It hopes to correct shortcomings in the existing information exchange mechanism on energy contracts in order to improve the EU’s external relations and strengthen its negotiation position with third countries. The definition of intergovernmental agreements was altered to include “international organisations” and “transit” in its […]

Transparent green energy package launched

The UK’s first independently certified 100% renewable energy package has been launched. SmartestEnergy’s electricity product has been verified by the Carbon Trust to make sure that every MW/h sold to its customers has had zero carbon impact and originates only from renewable sources. Many suppliers already provide 100% green offerings but this is the first in the market to have its carbon credentials checked by an […]

Webinar at 1:30pm: TPIs – transparency and trust

Giles Hankinson, CEO of Utility Aid, Emily Groves, MD of last year’s Most Trusted TELCA winners Indigo Swan and Michael Dent, MD of Inprova Energy join ELN Editor Sumit Bose for a robust chat on broker fees and reputation. Don’t miss it!

Gillian Noble of ScottishPower talks frankly to TPIs about commission rates

Gillian Noble, Sales Director at ScottishPower tackles a tough question on transparency of fees and comission rates, from a member of the TPI audience at the recent Energy Live Consultancy Conference.

UK joins global fight against corruption in oil, gas sector

The UK’s application to join a voluntary global initiative aimed at fighting corruption in the oil, gas and mining sectors has been approved. It joins the US and 40 other nations that are part of the Extractive Industries Transparency Initiative (EITI), which brings together governments, companies and civil society groups to promote transparency in the […]

Guest Blog: Mervyn Bowden – Honest views and transparency

How many people, in the energy sector or elsewhere, would like to say what they really think about matters affecting their businesses or discipline on a day-to-day basis? With comments clearly comes responsibility. There are constantly developing and prevailing scandals within the political world about honesty and transparency but these, unfortunately, also impact how people […]

Payments to turn off fossil fuel stations ‘six times more than wind’

The amount paid to switch off fossil fuel power stations such as coal and gas are “six times greater” than payments made to wind generators. That’s according to the head of trade group Scottish Renewables who is calling for greater transparency around these constraint payments. All types of electricity generation get incentives if they are […]

Caroline Flint: Ofgem hasn’t been the guardian of public interest

Energy regulator Ofgem “hasn’t done the job it needs to do” as a “guardian of the public interest” and that is why it needs to be abolished. That’s the view of Shadow Energy Secretary Caroline Flint, who claims Labour’s plans for a new independent regulator will do much more as the energy market needs a […]