What next for energy markets in 2019?

It’s always interesting at this time of year to look back over the past year and ahead to what might be expected in the year to come. This time last year, I expected the retail price cap to be big news, alongside new nuclear, changes to balancing markets, the growing impact of digital technologies, a…

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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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