Centrica shares plummet to 20-year low as retail pressures loom
Centrica has warned that it will face “some pressure” next year as Ofgem’s price cap bites, sending shares plummeting in early morning trading.
Articles tagged with: Supply
Record renewables output drives EDF to rebound in fortunes
EDF Energy has reported an earnings rebound for 2018, driven partly by record renewables output.
Renewables will be principal source of world power by 2040, BP says
Renewables will be the world’s principal source of power by 2040 and are penetrating world grids faster than any other energy source in history, O&G major BP has said.
Tonik lands Mitsui investment to drive growth in UK energy ‘mega trends’
Renewables supplier Tonik Energy has landed a £13 million capital injection from investors, including major Japanese investment firm Mitsui.
Good Energy brings Belectric, Powerstar on board for battery storage push
Good Energy is to partner with battery storage specialists Belectric and Powerstar for its commercial energy storage offering.
SSE issues profit warning as Capacity Market suspension bites
Energy firm SSE has issued a profit warning after it revealed the suspension of the Capacity Market is expected to result in a £60 million shortfall in this financial year.
UK low carbon economy grew in 2017 despite continued solar, onshore wind contractions
The low carbon and renewables economy posted strong growth in 2017, but onshore wind and solar PV continued to be beset by a retraction of government support.
With npower shelling jobs and even the quickest-growing independents struggling to turn a profit, it’s becoming increasingly clear that margin-based business models are a thing of the past. Liam Stoker reflects on a week which has proven the direction of travel for energy suppliers lies away from pure commodity sales.
Npower to lose 900 jobs in major cost reduction programme
Innogy-owned UK energy supplier npower has announced it will lose as many as 900 jobs over the coming year as part of a major cost reduction programme.