Energy suppliers to cough up £10.8m after missing smart meter targets ENERGY Some of the UK's biggest energy suppliers have agreed to cough up £10.8m in redress payments, after missing smart meter targets.
Ofgem risks losing public trust after British Gas’ profit bonanza NICHOLAS EARL Four years of heavy losses and instability in the energy industry were upended last week when British Gas posted record profits.
Scottish Power posts £576m profits as energy firms rebound after Ofgem move ENERGY Scottish Power is the latest energy firm to post a hefty rebound in profits, powered by Ofgem's decision to permit generous allowances.
National Grid needs ‘tens of billions’ to hit net zero goals, boss warns May 14, 2023 UK's electricity network needs tens of billions of pounds of investment to hit net zero goals, says National Grid boss John Pettigrew
Scottish Power owner Iberdrola posts £1.32bn profit powered by renewables April 26, 2023 Scottish Power's parent company Iberdrola has posted robust first quarter profit of £1.32bn, a 40 per cent hike on the £940m earnings it posted for the same three months last year.
British Gas, Scottish Power and E.On LOSE High Court row over handling of Bulb sale – but it might not be over yet March 31, 2023 Three major energy suppliers have lost their High Court challenge over the Government’s handling of the sale of collapsed energy firm Bulb.
Centrica heads back to court to challenge government over Octopus’ Bulb takeover February 26, 2023 British Gas owner Centrica is set to lock horns with the government in court over its handling of Bulb's sale to rival Octopus.
Scottish Power owner Iberdrola expects hefty profit rise before windfall tax February 22, 2023 Scottish Power owner and Spain's biggest utility firm Iberdrola expects its net profit to increase by eight to ten per cent this year.
Scottish Power calls for Bulb auction to be scrapped and restarted October 24, 2022 Scottish Power has slammed the Government's handling of the sale of Bulb accusing them of distorting competition in the energy sector.
Heads of nine key energy firms warn bill ‘threatens to undermine’ regulation in sector October 21, 2022 The heads of nine major energy companies have voiced “increasing concern” about a bill which “threatens to undermine strong, independent” regulation of the sector. In a strongly-worded letter to Jacob Rees-Mogg MP Secretary of State for Business, Energy and Industrial Strategy (BEIS), they urge the government to rethink measures Energy Prices Bill. The bill is [...]