‘Cybersecurity to be biggest tech in next three years’

Energy companies expect cyber security to be the biggest technology to be adopted in the sector over the next three years, as the industry becomes increasingly digitalised

‘All energy suppliers vulnerable to cyber attacks’

Power utilities are poorly equipped to deal with increasingly frequent and unpredictable cybersecurity threats. That’s according to a survey of 1,200 global utilities conducted by consultancy EY, in which all organisations responding said their defences against hackers did not match up to their needs. It also found 58% of these companies in the energy sector […]

Value of global power deals hits two-year highs

The value of deals across the global power and utilities sector has hit two-year highs as confidence soars. That’s according to a new report from EY, which shows the total figure climbed to $74.3 billion (£56.3bn) in the third quarter (Q3) of this year, driven by the volume of mergers and acquisitions in the Americas […]

Charging utilities for roadworks ‘could increase consumer bills’

Allowing local authorities in England to charge utility firms by the hour to carry out roadworks on selected routes could increase consumer bills. That’s the view of Street Works UK, the trade body for utilities and their contractor partners on road work issues, which is warning against the government proposals. It argues lane rental schemes […]

Water switchers who bundle utilities save 25%

The deregulated water market has failed to whet the appetite of small businesses, despite the promise of better deals. What can turn a trickle of switchers into a flood? A disappointing trickle of businesses has switched water supplier since the market in England was deregulated six months ago. The government wanted market transformation to open […]

Optimal Monitoring launches new tool

Optimal Monitoring, one the UK’s leading energy management firms, has added a powerful new feature to their already extensive product line – Business Dynamics®. “The issue with the majority of energy monitoring systems is that they tend to look at energy by time of day and don’t take other influences into account” says Duncan Everett, […]

E.ON and Enel conduct first blockchain trade

German power provider E.ON and Italian electric utility Enel have traded for the first time using a new blockchain marketplace. The ‘Enerchain’ platform allows trading partners to conduct deals directly with each other in seconds, rather than requiring a central intermediary as is usually needed. The firms claim a more decentralised approach to generating, buying […]

Labour vows to nationalise energy and water

The Labour Party has vowed to nationalise the energy and water industries if it wins the next general election. Speaking at the Labour Party Conference in Brighton, Shadow Chancellor John McDonnell said: “Rail, water, energy, Royal Mail – we’re taking them back.” Politicians would decide if full market value is awarded when they are taken […]

UK ‘needs to protect against strikes on vital services’

The UK Government should consider amending trade union laws to protect the public from strikes on essential services, such as those provided by the energy sector. That’s according to Nicholas Finney OBE, Commissioner for the Independent Transport Commission, who says the most vulnerable are the most badly affected by strike action as they are less […]

Utility firms could face hourly charge for roadworks

Local authorities in England could be allowed to charge utility companies by the hour to carry out roadworks on selected routes. New government proposals aim to halve the delays motorists face caused by utility firms digging up busy roads. According to the Department for Transport, the 2.5 million roadworks currently carried out each year cost […]