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SP Energy Networks awarded £10m to develop digital twin of electricity network. Image: Energy Systems Catapult.
May 13, 2021

BEIS launches new Digitalisation Taskforce to follow on from ‘pioneering’ Energy Data Taskforce

​The Department for Business, Energy and Industrial Strategy (BEIS), together with Ofgem and Innovate UK, has launched a new Energy Digitalisation Taskforce (EDiT) .
Origin ‘upgrades’ FY2023 energy market outlook due to strong contribution from Octopus Energy. Image: Octopus Energy.
May 12, 2021

Octopus Energy sees 160% jump in revenue but still records loss due to ‘relentless investment’

​Octopus Energy saw its revenue grow +160% in the fiscal year 2019/2020, jumping from £477 million to £1.24 billion.
Image: NewMotion.
May 12, 2021

Smart charging key to encouraging EV uptake, NewMotion survey finds

The importance of smart charging has been identified as part of a survey conducted by NewMotion that found one in six UK drivers agree it is key to encouraging further electric vehicle (EV) adoption.
The implications of the NIS Directive for UK energy companies
May 12, 2021

Ofgem issues Penalty Notice for £1.5m redress payment from National Grid ESO

​Ofgem has issued its final decision on the financial penalty National Grid ESO must pay following its failure to provide accurate and unbiased electricity demand forecasts.
Image: E.On.
May 12, 2021

E.ON off to 'successful start' as its profits soar in Q1 2021

​E.ON’s UK business has returned to profitability after shifting all npower customers to the Kraken-powered E.ON Next customer service platform.
Octopus Energy, Good Energy and E.On pay £8 million due to missed payments to customers. Image: Getty.
May 11, 2021

Macquarie doubles down on residential sector after sale of I&C smart meter portfolio

​Macquarie is to focus on the residential metering sector following the divestment of Cortex Metering Solutions (CMS), its industrial and commercial (I&C) smart meter portfolio,​ to Energy Assets Group.
The Vulnerability Commitment’s signatories include Octopus Energy
May 11, 2021

Introduction of day-ahead STOR pushes up prices as ‘savvy operators’ work to optimise markets

​Electricity prices have been driven up by the re-launch of Short-Term Operating Reserve (STOR) as a day-ahead service, according to new data from EnAppSys.
EMEC's onshore substation and hydrogen plant at Caldale
May 11, 2021

Electrolyser capacity to see one thousand fold increase by 2030

​Electrolyser capacity is set to increase from 0.2GW worldwide today to 213.5GW by 2040, a thousand-fold increase, according to Aurora Energy Research.
Image: SSEN
May 10, 2021

SSEN gathers support for TNUoS reforms call

​Scottish and Southern Electricity Networks (SSEN) has released new analysis showing 93% of its engaged stakeholders support reform of the current transmission charging regime.
Image: Electricity North West.
May 10, 2021

Electricity North West becomes the latest to join Flexible Power platform as development continues

​Electricity North West (ENW) has become the latest distribution network operator (DNO) to join Flexible Power, a platform designed to make engaging with network flexibility simpler.

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