Utilities

 Centrica shares sink to near 15-year low by Durrat Adnan

British Gas owner Centrica has announced a hit of around £70 million arising from the incoming energy price cap, as another 370,000 customers have left the supplier. The cap comes into force on 1st January with the impact on earnings likely to be felt in greater force in the first quarter of next year. The…

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Northern Gas’ Hydrogen Potential by Chantelle Popat

Northern Gas Networks have just unveiled a blueprint for a £22.7 billion hydrogen gas grid to serve more than 3.7 million homes and 40,000 businesses in the north of England. The H21 North of England report outlines plans to convert the gas networks of Leeds, Bradford, Wakefield, York, Huddersfield, Hull, Liverpool, Manchester, Teesside and Newcastle…

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Energy bills to be capped in new year by Durrat Adnan

From 1st January, the new energy price cap on gas and electricity bills will come into force, saving consumers a total of £1bn. This would mean savings for 11 million customers on average, £76 a year. Every year in April and October, according to the latest estimated costs of supplying gas and electricity, the price…

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Scottish Power’s renewable shift by Chantelle Popat

Scottish power recently announced that it will shift its entire operations to wind power after agreeing to sell nearly 2.6 GW of gas, hydro and pumped storage plants to a subsidiary of Drax for £702m. The move comes in succession to the firm’s closure of Longannet, Scotland’s last coal-fired power station, back in 2016. This…

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The micro-energy revolution

Richard Holland The era of large-scale power plants is gradually, but finally, coming to an end and, in 2017, Britain generated a full day’s electricity without coal for the first time in over 130 years as companies and governments are choosing to invest in renewable energy projects. However, there is a micro revolution that is…

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Blowing bubbles in the bond market

Richard Holland The bond market for Treasuries has been in an astonishing 32-year bull market, outperforming corporate, high yield and emerging market bonds along the way. However, the sustainability of treasury bonds’ performance has been called into question as early as 2009, and the voices proclaiming that the ‘bond bubble’ is about to burst are…

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Sirius Minerals PLC

Berk Sahin Sirius Minerals PLC, with its ambitious plan to build Britain’s deepest mine under the national parkland of North Yorkshire, has drawn considerable investor interest in the recent months. The company wants to dig up polyhalite to the south of Whitby, which can be used as a fertiliser that regulates water content and improves…

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Corbyn’s manifesto of re-nationalisation: a return to the dark ages?

Richard Holland Jeremy Corbyn’s manifesto was leaked in May of this year, sparking fears of re-nationalisation in the Utilities industry as the Labour leader threatened to “take energy… [and] the railways back into public ownership”. The market responded to the news in typical fashion, with National Grid’s share price falling by 24%, and both SSE…

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