SSE aquires BP stake in North Sea gas field
BP has agreed to sell its interest in the Sean gas field in the North Sea to SSE for $228 million (£140.8m) in cash. The agreement is part of the oil giant’s strategy to sell its stakes in non-operated...
View ArticleBig Six suppliers tout home efficiency targets
Big Six suppliers are lining up to tout their achievements for meeting energy efficiency targets laid down by the Government. They are obliged to payroll energy efficiency measures for the most...
View ArticleZero carbon homes project tests energy storage
Scottish supplier SSE is testing out a new way of energy storage at its zero carbon homes project, which could cut the cost of green energy in the long run. The homes in Slough in the South East of...
View ArticleSSE and EDF at odds over renewables target
Two of Britain’s energy suppliers are wildly at odds over setting a target for renewable energy in Europe. While officials at EDF Energy seem convinced an EU quota for renewables would mean...
View ArticleSSE chief: ‘things could get worse before they get better’
The SSE chief fears the Government and watchdog Ofgem lack “clear vision” when it comes to reforming the electricity market and is worried the current “turmoil” is in danger of “completely killing”...
View ArticleSSE launches cheapest energy plan
The ‘Big Six’ suppliers in the UK are “fighting back” as SSE launched a new energy deal, believed to be the cheapest on the market. According to price comparison site uSwitch.com, SSE’s new ‘Discount...
View ArticleSSE chief Ian Marchant stepping down
The outspoken head of Scottish energy supplier SSE, Ian Marchant is stepping down in the summer. SSE’s Deputy Chief Executive Alistair Phillips-Davies will take his place on 1 July, the firm announced...
View ArticleSSE’s £20 customer service guarantee
SSE has pledged to give consumers £20 off their bill if the energy supplier fails to meet a new set of customer service commitments. The ‘Customer Service Guarantee’ is part of the company’s wider aim...
View ArticleGreencoat UK fund seeks £205m for six wind farms
Greencoat UK Wind has unveiled ambitious plans to raise £205 million to buy wind farms by listing its shares on the London Stock Exchange. The infrastructure fund, managed by Greencoat Capital, aims to...
View ArticleSuppliers finally publish complaints data
Watchdog Ofgem today hailed an “important first step” for more openness in the energy sector as the country’s largest suppliers published more data about complaints from customers. Suppliers are...
View ArticleNew heating system could double EU’s energy storage
A new electric heating storage system could help double the amount of energy stored across Europe by 2050. A report looking at the potential impact of the smart electrical thermal storage (SETS)...
View ArticleSSE pulls out of UK-Norway interconnector
Energy firm SSE has pulled out of a project to build a subsea electricity link between Scotland and Norway. The company said it would no longer have any “financial involvement” in the 1,400MW...
View ArticleEnergy buyers ‘prefer independent suppliers to Big Six’
Business energy buyers prefer independent suppliers to the Big Six, show new statistics which suggest smaller firms are muscling in on bigger rivals with top customer service. Opus Energy was the...
View ArticleStrike price for renewables could be set ‘too low’ warns SSE
Energy supplier SSE’s Head of Policy warned yesterday about the prospect of “too low” support for renewable energy in the Government’s new policy for low carbon power. While attention has naturally...
View ArticleTwo bidders for £1bn CCS project announced
The UK Government has announced two preferred bidders for the carbon capture and storage competition worth £1 billion. DECC said the White Rose project in Yorkshire, England and the Peterhead project...
View ArticleDECC denies Britain is running out of gas
The Government has rubbished reports that Britain could face a potential gas supply crisis and is on the brink of running out of the energy source. A news report today claimed the UK has only two days’...
View ArticleSSE boss warns of energy “crunch” in three years
SSE boss Ian Marchant yesterday warned of a “capacity crunch” in the next three years which the Government is “significantly underestimating.” The outgoing chief executive – who is stepping down after...
View ArticleGreencoat UK Wind raises £260m
A UK investment fund focused on buying wind farms in Britain has successfully raised £260 million and hit its maximum target on the London Stock Exchange. Managed by Greencoat Capital, the...
View ArticleSSE gets record £10.5m fine for misselling
Scottish supplier SSE has “apologised unreservedly” today after being fined a record £10.5million for misselling gas and electricity. Ofgem slapped the energy provider with the penalty for breaching...
View ArticleWe’re sharpening Ofgem’s teeth, says new energy minister
The new Energy Minister Michael Fallon has suggested a huge fine meted out yesterday by Ofgem is part of the regulator’s toughening stance when dealing with miscreant energy suppliers. The watchdog...
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