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Monthly Archives: May 2013

Engineering firm Alstom agree to develop Swansea Bay tidal lagoon turbines

Engineering firm Alstom agree to develop Swansea Bay tidal lagoon turbines

Alstom has agreed to design and build turbines for the proposed Swansea Bay tidal lagoon. A memorandum of understanding was signed between the firm and Tidal Lagoon Power for Alstom to develop the generating units required for the proposed 250MW ...

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UK cold weather boosts profits at SSE

UK cold weather boosts profits at SSE

SSE has announced pre-tax profits of £1.4 billion for the past 12 months, a rise of more than 5% on the same period last year. This comes despite a substantial fine from regulator ofgem in the wake of the recent ...

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New board members appointed by Ofwat

New board members appointed by Ofwat

  Ofwat has announced that they have appointed 3 new non-executive directors to it’s board. The new appointments, who joined on the 1st May are Christopher Burchell, managing director of Southern Railway, Martin Lawrence, managing director of energy sourcing and ...

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MP’s told that customers could be charged for opting out of smart metering

MP’s told that customers could be charged for opting out of smart metering

MP’s have been told that customers could incur charges if they wish to opt out of having smart meters installed. Scottish Power’s operation’s director Andrew Ward gave evidence to the Energy and Climate Change Select Committee saying charging for meter ...

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Ofwat chief executive resigns

Ofwat chief executive resigns

Ofwat chief executive Regina Finn has resigned from her post, it was announced today. She will work her 6 month notice period and then hand over to her successor prior to the work beginning for the next price review. The ...

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Ofgem Chief Executive opens new Smarter Grid Solutions HQ in Glasgow

Ofgem Chief Executive opens new Smarter Grid Solutions HQ in Glasgow

A new head office for the pioneering smart grid technology company, Smarter Grid Solutions was opened in Glasgow today by Alistair Buchanan CBE Chief Executive of Ofgem. The office is based in Corunna House, Cadogan Street in central Glasgow. The ...

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Rollout for smart meters delayed by 12 months

Rollout for smart meters delayed by 12 months

A delay in the rollout of smart meters has been accepted by industry figures, as the government made a “prudent” and “inevitable” decision to delay. Under the original timeline, suppliers were to start mass installations in the second quarter of ...

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New interim CEO appointed at Ofgem

New interim CEO appointed at Ofgem

Head of markets at Ofgem, Andrew Wright has been appointed interim chief executive, taking over from Alistair Buchanan who leaves on 27th June. There will not be an official permanent replacement announced until a new chair for Ofgem has been ...

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The Queen confirms that water reforms will improve the industry

The Queen confirms that water reforms will improve the industry

In the Queen’s speech today, it was confirmed that there will be competition introduced to the water and sewerage markets in this parliament. The speech said that the government will move forward to improve the water industry. The draft Water ...

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Eon takes a drop in earnings

Eon takes a drop in earnings

Eon’s earnings for the first quarter in 2012 took a drop of 5 % against the  previous year. Earnings before interest, tax, depreciation and amortisation (Ebitda) fell by €0.2 billion to €3.6 billion, which was in line with expectation. The ...

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