centrica

Centrica has set ambitious targets for divisions focused on the energy transition after it recorded a slump in H1 operating profit.

Traditional utilities are struggling with the pace of the energy transition more than most and must adapt quicker, or risk being left behind.

Centrica has powered up its local energy marketplace (LEM) trial in Cornwall, adding blockchain capabilities with the help of LO3 Energy.

RWE Generation is investigating the construction of a 100MW battery at its Tilbury power station as part of plans to convert the former coal-fired plant to a gas peaking plant.

British Gas is to increase its default tariff costs from next month, and is once again attributing the increase to rising wholesale and policy costs.

Centrica is preparing its behind the meter energy storage offering to businesses after signing a framework agreement with Powerstar, a partnership that has already seen Centrica order a combined 1MW of systems for its own head office.

Centrica has blamed “weak” performance in 2017 and cuts to as many as 4,000 jobs on political and regulatory pressure, but backed its emerging strategy to succeed in the long-term.

The UK’s largest energy companies need to install around a million smart meters every month between them to meet the 2020 roll-out target, according to analysis by consumer group Which?.

Centrica has received planning permission for a brace of battery energy storage units at its UK headquarters in Windsor with a combined capacity of 1MW set to be built at the site.