SSE profits up 2.1% in last business year

SSE’s pre-tax profits hit £1,546 million in the 2016/2017 business year, an increase of 2.1%. The Big Six firm, which is the only UK business to be involved in electricity transmission, electricity distribution and gas distribution, today published preliminary financial results for the period ending the 31st of March 2017. The success is largely a […]

Tech giants set to enter energy markets

Technology firms can engage with energy consumers in a way that traditional utilities cannot. That’s according to Perry Stoneman, Global Head of Utilities at consulting firm Capgemini, who told ELN that 2017 would be the year the tech-giants entered the energy marketplace on a large scale. He said companies like Apple, Google, Microsoft and Amazon are […]

New energy supplier to challenge Big Six

A new energy company aims to challenge the dominant Big Six utilities by providing what it calls “fair for all” tariffs. MME is joining forces with procurement firm YPO which buys gas and electricity on behalf of more than 40 local authorities. Together they claim they will offer better energy deals to thousands of households […]

First UK renewable energy labels issued

A renewable utility firm has issued 500 companies with the UK’s first energy labels detailing the source and carbon content of the electricity they buy. SmartestEnergy hopes the move will boost the renewables industry and provide increased confidence and transparency to business customers. The labels trace every megawatt used to its source of origin, allowing companies […]

Nosey neighbours can now spy on energy bills

An American utility has stepped up a programme to let customers see their neighbor’s energy bills. Peco Energy Co. has added 260,000 customers to their comparison programme, introduced as a social experiment aimed at nudging consumers to “keep up with the Joneses” and cut their power use. This summer, the utility issued home energy reports […]

Power and utility execs think economy is on the up

Confidence in the global economy has hit a two-year high among power and utility company executives, according a new survey released by accounting firm EY. In its annual Capital Confidence Barometer, 90% of the executives surveyed thought the world’s economy was stable and 67% thought it would improve over the next year. The majority (58%) […]

£100m savings from mistaken energy bills flags up UK utility issue

Energy bureau consultancy STC Energy has saved its customers more than £100million by investigating energy bills – and the firm believes there could be many more savings to be had in firms around the country. STC is trumpeting the £100million savings which have mounted up since 2005 as a “significant milestone” for the firm. It recovered the […]

EDF chief: energy firms must be ‘socially useful’

Energy firms need to show they are “socially useful” to regain the public’s trust, according to the head of EDF Energy. Vincent de Rivaz, the French energy firm’s Chief Executive made the claims in a speech yesterday at Exeter University. Drawing a parallel between the word ‘utility’ and the energy company’s role in Britain’s “economic […]

UK smart meter market set to be worth £1bn by 2015

The UK smart meter market is expected to exceed £1 billion a year in 2015, thanks to recent EU and UK laws which require the devices to be installed in most homes by 2019. A new report from IMS Research claims consumers will also feel the benefits through cheaper bills and more flexible tariffs, despite […]

Canada calls on Scottish Water for training

Scottish Water is helping to train water industry staff in Canada. A team from the utility’s international arm is in Alberta at the moment delivering workshops on the management of water from source to tap. The firm said handling water efficiently was jumping up the list of priorities for many nations. Nigel Ayton, director of […]