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Electricity News

  1. SSE post slight profit rise as networks and generation outperform supply segment


    SSE emphasised the benefits of a mix of market and regulated businesses as it announced a rise in pre-tax profits in its network and wholesale businesses and a reduction for its retail business - new reporting segments for the business as a whole...

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  2. Event Horizon: Npower and Eon divided over downgrade risk


    Did credit rating company Moody's affect the decision of Eon-UK and RWE Npower to walk away from the Horizon nuclear new-build project and put it up for sale? ..

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  3. Niche vehicle suppliers invited to bid for low carbon R&D cash


    A call for bids will open on 1 June for R&D projects for niche vehicle manufacturers and suppliers who will collaborate on low-carbon vehicle projects...

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  4. Prices won't rise this year says Eon


    Eon said today that it will not increase energy prices for domestic customers this year. The move follows indications last week from Centrica that it may increase prices...

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  5. Hain to leave shadow cabinet to focus on promoting Severn Barrage


    Peter Hain MP has announced that he will leave the shadow cabinet so he can pursue other interests - including promoting plans for a barrage across the Severn estuary that will generate electricity from the estuary's tides. ..

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  6. Co-op creates new fixed tariff to win all sections of Which? Big Switch


    Co-op Energy has won the first Which? attempt at collective switching. The firm won the reverse auction by bidding its normal variable price tariff but created a new fixed rate tariff that it will now offer to its existing 25,000 customers, but not the general public...

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  7. RWE Npower operating profit falls but firm predicts steady full year


    Operating profit for the first quarter fell by 31 per cent to £244 million, Npower said today...

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  8. Ebitda up at Iberdrola


    Iberdrola posted higher first quarter earnings despite a decline in its home market. Scottish Power's parent company posted earnings before interest, taxes, deductions and amortisation (Ebitda) of €2,365 million, up 4.1 per cent...

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  9. Energy efficiency directive 'will fail' without mandatory smart meter minimum spec


    The metering industry has called for the proposed European Union (EU) energy efficiency directive (EED) to set mandatory requirements for smart meters to provide minimum functionalities and energy consumption and cost information...

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  10. Energy Bill flagged up in Queen's Speech


    An Energy Bill detailing the Coalition's proposals for electricity market reform was highlighted in today's Queen's Speech setting out legislative plans for the next Parliamentary session. The Bill is scheduled to become law in 2013...

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