Centrica has blamed “weak” performance in 2017 and cuts to as many as 4,000 jobs on political and regulatory pressure, but backed its emerging strategy to succeed in the long-term.
The government has seemingly dropped its targets for the contribution of nuclear to the UK’s energy mix, with secretary of state Greg Clark stating there would be enough power if Hinkley Point C were not completed.
Brexit is likely to have significantly detrimental impacts to the UK’s energy supply chain, a member of the House of Lords’ EU Energy and Environment Sub-Committee has warned.
French energy major EDF has pledged to commence an “unprecedented acceleration” in renewable energy deployment having witnessed its UK nuclear revenues collapse in 2017.
Electron wants to create more alignment in the UK power sector, which it said is much needed if energy and flexibility trading is to realise its full potential.
Nissan Energy has remained coy over its future in the UK energy market, but said its recent launch of domestic solar systems will “complete the puzzle” as it mulls further partnerships in the energy space.
