Latest news
Britain: SSE penalized for slow energy customer links
Britain's energy regulator Ofgem has inflicted a fine of 750,000 pounds ($1.25 million) on the power distribution division of utility SSE for the stagnant grid connection of approximately 200 clients in the period 2010-2013, as stated by the entity on Friday.
read more... 02/06/2014
Fortum: Norwegian power distribution business likely be sold to Hafslund
Finnish utility Fortum declared on Wednesday it intends to vend its Norwegian electricity distribution business and its share in Fredrikstad Energi and Fredrikstad Energi Nett to Hafslund based in Norway.
read more... 09/04/2014
Ofgem: five of the six electricity distributors have to do more to cut costs for consumers
Energy regulator Ofgem has required to five of its six electricity distributors, including SSE and Scottish Power, to do more to cut costs for consumers. The six distribution companies presented their investment plans, but the only plan approved was those of Western Power Distribution’s( WPD), which customers will see a 11.30 pounds cut in their bills from April 2015.
read more... 22/11/2013
The EIB has granted Spain a €475m loan for power grid upgrade
The European Investment Bank (EIB) has granted to Spain’s Gas Natural Fenosa a 475 million euro loan for upgrading its power grid. The loan have the objective to support utility firm Gas Natural Fenosa’s four-year programme of investment in upgrading and expanding the overhead distribution network, laying underground cables and building substations.
read more... 16/07/2013
AcegasAps, Italgas to create a gas distribution JV in northern Italy
The Italian gas distributors AcegasAps and Italgas (Snam group) inked a framework agreement today for the establishment of a joint venture to manage the gas distribution activities in the territories of Padua, Pordenone, Trieste and Gorizia, in northeastern Italy.
read more... 14/12/2012