Ofgem has opened the door for more stringent financial and consumer service-related licensing standards, potentially making it tougher for prospective energy suppliers to enter the market.
Scottish and Southern Energy (SSE) has doubled down on its efforts to reduce its power’s carbon intensity, aiming to halve its emissions per kilowatt hour once again by 2030.
Energy suppliers have been urged to adopt ‘energy as a service’ models in order to help further the energy transition, with one industry representative calling for the end of bills measured in kilowatt hours.
Shell has continued to scale-up its interest in distributed energy by participating in a €60 million (£52.6 million) investment round by German battery storage firm sonnen.
Drax Group is to launch Europe’s first bioenergy carbon capture storage (BECCS) project, claiming that its success could bring ‘carbon negative’ power to North Yorkshire.
Vattenfall is bringing customisable power purchase agreements (PPAs) to business customers in Britain as part of a “new approach” to corporate energy sourcing.
The Competitions and Markets Authority is seeking new assurances from both SSE and Npower over their proposed merger, considering that the move could be detrimental to consumers.
