Retail Market
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 Big 6 energy suppliers have all raised the prices of their standard variable tariffs recently. E.On kicked off with a 2.7% increase, followed by EDF Energy with 1.4%, npower with 5.3%, Scottish Power and British Gas both with 5.5%, and SSE with 6.7%. [...]
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 [...]
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 [...]
Within days of my post last week where I speculated on the future of smaller energy suppliers, another of them ceased trading. Future Energy, a Tyneside-based supplier with 12,000 customers announced on Thursday that it was closing, citing the sort of procurement and hedging [...]
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 [...]
A lot is written about the changing shape of the GB power market, with increasing decentralisation, and a shift away from large units of synchronous generation to more dispersed often intermittent renewable generation. Rather less is written about the changing commercial environment on the [...]