Nottingham City Council has written off its energy supplier Robin Hood Energy’s £24 million debt.
Drax posts stable results for H1 2020 as its adjusted EBITDA jumps 30% despite an estimated £44 million COVID-19 hit.
International utility Iberdrola has seen its net profits increase by 12.2% in the first half of the year despite a 13.6% downturn in Q2.
Robin Hood Energy confirmed this week that it lost £23.1 million in the year April 2018 to March 2019.
Spanish energy giant Iberdrola saw increases in profit across all of its markets in 2019, including in the UK.
Centrica slumped to a £849 million loss in 2019, a performance it blamed on Ofgem’s energy price cap for creating a “challenging environment”.
Capacity Market reinstatement lifts RWE forecasts as utility boasts ‘formidable’ renewables prospects
The reinstatement of the Capacity Market, coupled with better than expected performance, has caused RWE to upgrade its full-year guidance by nearly 30%.
International utility Iberdrola has posted a 20% surge in net profit for the first nine months of 2019, which the company has squared with its “record” investment into renewables and networks.
Innogy saw its first-half income cut by more than a quarter (26.3%) year-on-year as losses from its UK-facing npower unit spiralled.