UK Power Networks trials solar + storage virtual power plant in London

Distribution Network Operator UK Power Networks (“UKPN”), which covers over eight million homes and businesses across London, the South East and East of England, has announced a virtual power plant (“VPP”) to be developed in London, to relieve pressure on the capital’s electricity network. The facility will consist of solar panels and batteries located in…

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Energy retail increasingly challenging for smaller suppliers

The energy retail sector has once again been in the news with the big energy companies raising prices – British Gas announced an average 5.5% increase, followed by EDF with a more modest 1.4% rise. Both companies linked the price rises to increasing wholesale and policy costs, with Ofgem citing similar pressures when it raised…

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E.On/RWE deal: re-shaping the energy industry

On 11 March, E.On announced it had reached agreement to acquire RWE’s 76.8% stake in Innogy SE through a share swap that would grant RWE a 16.67% share in E.On SE which would be issued by way of a 20% capital increase against a contribution in kind from existing authorised capital. E.On will also transfer…

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Retail energy market: does size matter?

The collapse of GB Energy in November 2016 was seen by many as the start of a market correction, with other small independent suppliers being seen as vulnerable to rising prices and higher volatility. In the event, 2017 was quieter than expected – market prices and volatility both stabilised, and there were no further exits…

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