Sadiq Khan’s electricity experiment loses almost £1m in first year
Councils have entered the market to try to tackle fuel poverty and high tariffs but costs are high and margins are low
18 April 2021 • 9:00am
Sadiq Khan’s venture into energy provision has made losses approaching £1m in its first year, amid questions over local authorities’ role in the market.
The Labour mayor set up London Power at the start of last year in an effort to tackle the “disgrace” of fuel poverty.
It is run by Octopus Energy based on tariffs agreed with the Greater London Authority (GLA), which says it now serves 5,000 households that save an average of £209 a year.
Green investment bond offers 9% return – but there is a risk theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
Origin Energy cuts earnings guidance
Apr 16, 2021 11:45:am
Summary The reduction comes following an arbitration order to pay Beach Energy more for gas following a contract price review.
by: Shardul Sharma
Posted in:
Origin Energy cuts earnings guidance
Australia’s Origin Energy on April 16 cut its annual earnings guidance for energy markets following an arbitration order to pay Beach Energy more for gas following a contract price review.
Origin lowered its energy markets underlying Ebitda guidance for 2021 to A$940mn-1.02bn ($728mn-$791mn) from A$1bn-A$1.14bn. The arbitration order is expected to result in an increase in Origin’s cost of supply of A$30mn-A$40mn for 2021, increasing further to A$60mn-A$80mn in 2022 consistent with an expected increase in volume.
New bond issued to fund EV charging network in Greater Manchester
Iduna is seeking to raise £4m to finance the installation of 50 new fast or rapid public EV chargers at high traffic locations across the region
Image: Shutterstock
An offer to fund the rollout of charging infrastructure for electric vehicles (EVs) across Greater Manchester has been launched by Abundance Investment and Iduna Electric Vehicle Charging Infrastructure.
Iduna is seeking to raise £4 million to finance the installation of 50 new fast or rapid public EV chargers at high traffic locations across the region, delivered in partnership with Transport for Greater Manchester (TfGM).
Published:
5:56 PM April 16, 2021
Stowmarket-based EO Charging is providing charging stations for Amazon s electric vehicle fleet
- Credit: ANDY HUGHES/SEC NEWGATE
A Suffolk tech company has struck a major deal providing charging stations for Amazon s electric vehicles across the UK.
Stowmarket based EO Charging has installed 800 electric vehicle charging stations for the internet giant. The stations work in a similar way to a laptop or phone charger.
Charlie Jardine, boss and founder of EO Charging
- Credit: ANDY HUGHES/SEC NEWGATE
Charlie Jardine, chief executive and founder of EO Charging, said: “For us, this collaboration has been an amazing opportunity.