Iberdrola commits fifth of its energy spend to UK

Spanish utility giant Iberdrola plans to invest €32 billion (£28.3bn) in the energy sector between 2018 and 2022 to build solid foundations for sustainable growth in the future. The firm is still confident in the UK’s heat and electricity industry and plans to spend nearly a fifth of the aforementioned funding on British shores. In […]

Love Energy Savings launches new corporate division

A business energy comparison and switching service has launched a new corporate services division to offer greater transparency for its customers. Love Energy Savings, which won ELN’s Super Consultancy of the Year, has announced the appointment of three senior staff members to spearhead the new part of the business. The move into the industrial and […]

New multi-utility operator launched in UK

Two firms have joined forces to launch a new multi-utility operator in the UK. Leep Utilities will provide a platform to invest in and benefit from the growth in independent gas, electricity, district heating and water networks. It is a joint venture between Manchester-based private real estate investment and infrastructure company Peel Group and infrastructure […]

SSE profits up 2.1% in last business year

SSE’s pre-tax profits hit £1,546 million in the 2016/2017 business year, an increase of 2.1%. The Big Six firm, which is the only UK business to be involved in electricity transmission, electricity distribution and gas distribution, today published preliminary financial results for the period ending the 31st of March 2017. The success is largely a […]

Tech giants set to enter energy markets

Technology firms can engage with energy consumers in a way that traditional utilities cannot. That’s according to Perry Stoneman, Global Head of Utilities at consulting firm Capgemini, who told ELN that 2017 would be the year the tech-giants entered the energy marketplace on a large scale. He said companies like Apple, Google, Microsoft and Amazon are […]

New energy supplier to challenge Big Six

A new energy company aims to challenge the dominant Big Six utilities by providing what it calls “fair for all” tariffs. MME is joining forces with procurement firm YPO which buys gas and electricity on behalf of more than 40 local authorities. Together they claim they will offer better energy deals to thousands of households […]

First UK renewable energy labels issued

A renewable utility firm has issued 500 companies with the UK’s first energy labels detailing the source and carbon content of the electricity they buy. SmartestEnergy hopes the move will boost the renewables industry and provide increased confidence and transparency to business customers. The labels trace every megawatt used to its source of origin, allowing companies […]

Nosey neighbours can now spy on energy bills

An American utility has stepped up a programme to let customers see their neighbor’s energy bills. Peco Energy Co. has added 260,000 customers to their comparison programme, introduced as a social experiment aimed at nudging consumers to “keep up with the Joneses” and cut their power use. This summer, the utility issued home energy reports […]

Power and utility execs think economy is on the up

Confidence in the global economy has hit a two-year high among power and utility company executives, according a new survey released by accounting firm EY. In its annual Capital Confidence Barometer, 90% of the executives surveyed thought the world’s economy was stable and 67% thought it would improve over the next year. The majority (58%) […]

£100m savings from mistaken energy bills flags up UK utility issue

Energy bureau consultancy STC Energy has saved its customers more than £100million by investigating energy bills – and the firm believes there could be many more savings to be had in firms around the country. STC is trumpeting the £100million savings which have mounted up since 2005 as a “significant milestone” for the firm. It recovered the […]