Big Six Energy Companies Customer Satisfaction
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Preparing for Carbon Pricing: Case Studies from Company Experience
TECHNICAL NOTE 9 | JANUARY 2015 Preparing for Carbon Pricing Case Studies from Company Experience: Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric Company Acknowledgments and Methodology This Technical Note was prepared for the PMR Secretariat by Janet Peace, Tim Juliani, Anthony Mansell, and Jason Ye (Center for Climate and Energy Solutions—C2ES), with input and supervision from Pierre Guigon and Sarah Moyer (PMR Secretariat). The note comprises case studies with three companies: Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric Company (PG&E). All three have operated in jurisdictions where carbon emissions are regulated. This note captures their experiences and lessons learned preparing for and operating under policies that price carbon emissions. The following information sources were used during the research for these case studies: 1. Interviews conducted between February and October 2014 with current and former employees who had first-hand knowledge of these companies’ activities related to preparing for and operating under carbon pricing regulation. 2. Publicly available resources, including corporate sustainability reports, annual reports, and Carbon Disclosure Project responses. 3. Internal company review of the draft case studies. 4. C2ES’s history of engagement with corporations on carbon pricing policies. Early insights from this research were presented at a business-government dialogue co-hosted by the PMR, the International Finance Corporation, and the Business-PMR of the International Emissions Trading Association (IETA) in Cologne, Germany, in May 2014. Feedback from that event has also been incorporated into the final version. We would like to acknowledge experts at Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric Company (PG&E)—among whom Laurel Green, David Hone, Sue Lacey and Neil Marshman—for their collaboration and for sharing insights during the preparation of the report. -
Local Energy Guide
Local Energy Guide Contents 1. Introduction ..................................................................................... 4 1.1 The Energy Hubs ............................................................................ 4 1.2 Cornwall Insight ............................................................................ 4 1.3 Document Guide ............................................................................ 5 2 Overview of the GB gas and electricity markets ........................................... 6 2.1 Key roles in the GB electricity market .................................................. 6 2.2 Key roles in the GB gas market ........................................................... 9 2.3 Regulation and Governance .............................................................. 10 2.4 Energy Policy ............................................................................... 11 3 Routes to Market and Siting Considerations ............................................... 14 3.1 Introduction ................................................................................ 14 3.2 Public supply ............................................................................... 14 3.3 Private wire supply ........................................................................ 18 4 Revenues ........................................................................................ 21 4.1 Introduction ................................................................................ 21 4.2 Export via the electricity grid .......................................................... -
Trade Your Way
BUSINESS WITH PERSONALITY CAM’S LEGACY NOTHING TO WINE ABOUT THE GOOD, THE BAD THE SOMMELIER’S GUIDE TO AND THE EU THE BEST VINO-TECH P23 REFERENDUM P19 WEDNESDAY 18 SEPTEMBER 2019 ISSUE 3,459 CITYAM.COM FREE French bank chief: EU to NOW WEWORK’S grow closer HARRY ROBERTSON @henrygrobertson THE Bank of France governor suggested yesterday that the European Union will move towards closer integration in FLOATJAMES WARRINGTON PUT ON ICE reports that the New York-based com- vealed in a filing last month, despite ongoing commitment,” the company the wake of Brexit. AND SEB MCCARTHY pany was considering dramatically its revenue climbing to $1.54bn. said in a statement. Francois Villeroy de Galhau, slashing the valuation it will seek “The We Company is looking for- Neil Wilson, chief market analyst at who is also a European @j_a_warrington and @sebmccarthy when it sells shares on the stock ward to our upcoming [initial public Markets.com, said: “Wework is said to Central Bank (ECB) board WEWORK has pushed back plans for market. offering], which we expect to be com- be delaying its planned IPO. Investors member, told business its highly-anticipated initial public of- We Company is reportedly looking pleted by the end of the year. We want have given it the cold shoulder. It’s delegates in London that the fering (IPO) amid cooling investor ap- at a valuation of just over $20bn to thank all of our employees, mem- been something of a lemon so far bloc’s collective response to petite. (£16.12bn), less than half the bers and partners for their with valuations drastically cut.” Britain’s departure might FRIDAY 6 SEPTEMBER 2019 SSURE GROWS S TO THE BIG SS ISSUE 3,451 P3, P16 GOING OUT P Following a number of setbacks over $47bn price tag it received in CITYAM.COM He added: “It’s amazing how the become a further shift its ambitions to go public, the fast-ris- private fundraising in January. -
Powering Ahead! Making Sense of Business Models in Electric Vehicle Charging
Powering ahead! Making sense of business models in electric vehicle charging October 2018 In association with Contents Acknowledgements 1 Foreword from Energy UK 2 Setting the scene 4 Our approach 5 Key findings 6 How the charging market stacks up 11 Where does charging take place and 14 how does it work? Bringing your business model to life 26 Deep dive on business models 28 What should you do next? 33 Strategy& is PwC’s global strategy consulting team. We help you transform your business by creating strategy that starts with your greatest strengths and builds in execution at every step. We call this strategy that works, and it delivers immediate impact and lasting value for you. As part of the PwC network, we combine 100 years of strategy consulting experience with PwC’s deep industry and functional capabilities. PwC has more than 250,000 people in 158 countries committed to delivering quality in assurance, tax, and advisory services. Acknowledgements To research and fully understand the constantly evolving landscape that is the electric vehicle charging market, we had the good fortune to speak to a number of companies and individuals who are at the very heart of this transformation. We would like to thank everyone who contributed to the report for their insights and time. Addison Lee – Andrew Wescott and Justin Patterson Chargemaster – Tom Callow Ecotricity – Mark Meyrick EDF Energy – Roy Collins ELEXON – Kevin Spencer Elsden Consultants – Miles Elsden Energy UK – Sam Hollister InstaVolt – Tim Payne National Grid – Graeme Cooper and Thomas Maidonis Ovo Energy – Tom Packenham Pivot Power – Matt Allen Pod Point – James McKemey ScottishPower – Malcom Paterson Tesla Western Power Distribution – Ben Godfrey Powering ahead! Making sense of business models in electric vehicle charging 1 Foreword from Energy UK Lawrence Slade Chief Executive I am delighted to work with PwC to bring their insight to investigating the market dynamics of The EV revolution is already upon us. -
ENERGY PRICES Briefing
SPICe ENERGY PRICES briefing SCHERIE NICOL AND GRAEME COOK 5 December 2008 Energy prices have risen between 10% and 50% over the last year with 08/70 Consumer Focus estimating the current average annual domestic energy bill to be over £1,300. With the percentage of households in fuel poverty having increased from 13% to 25% over the last 5 years and fuel prices predicted to continue to rise, energy prices have been a subject of recent interest. This briefing provides an overview of recent trends in energy prices and highlights the key factors influencing the general price of energy and the price of oil, domestic gas and electricity. It then considers the key impacts that changing energy prices have on consumers, producers and the environment before summarising the key policy levers available to the EU, the UK and Scottish Governments. Scottish Parliament Information Centre (SPICe) Briefings are compiled for the benefit of the Members of the Parliament and their personal staff. Authors are available to discuss the contents of these papers with MSPs and their staff who should contact Scherie Nicol on extension 85380 or email [email protected]. Members of the public or external organisations may comment on this briefing by emailing us at [email protected]. However, researchers are unable to enter into personal discussion in relation to SPICe Briefing Papers. If you have any general questions about the work of the Parliament you can email the Parliament’s Public Information Service at [email protected]. Every effort is made to ensure that the information contained in SPICe briefings is correct at the time of publication. -
Smart Consumers in the Internet of Energy: Flexibility Markets & Services from Distributed Energy Resources 1/82
Monica Giulietti Chloé Le Coq Bert Willems Karim Anaya CERRE 2019 | Smart Consumers in the Internet of Energy: Flexibility Markets & Services from Distributed Energy Resources 1/82 The project, within the framework of which this report has been prepared, has received the support and/or input of the following organisations: Enel and Microsoft. As provided for in CERRE's by-laws and in the procedural rules from its “Transparency & Independence Policy”, this report has been prepared in strict academic independence. At all times during the development process, the research’s authors, the Joint Academic Directors and the Director General remain the sole decision-makers concerning all content in the report. The views expressed in this CERRE report are attributable only to the authors in a personal capacity and not to any institution with which they are associated. In addition, they do not necessarily correspond either to those of CERRE, or to any sponsor or to members of CERRE. © Copyright 2019, Centre on Regulation in Europe (CERRE) [email protected] www.cerre.eu CERRE 2019 | Smart Consumers in the Internet of Energy: Flexibility Markets & Services from Distributed Energy Resources 2/84 Table of contents Table of contents .............................................................................................................. 3 Table of Figures ................................................................................................................ 4 Acknowledgements ......................................................................................................... -
Domestic Terms and Conditions
Domestic Terms and Conditions Energy and telecoms supply terms (domestic) ALL SERVICES WARNING: Your attention is drawn to clause 17, Data Protection, which sets out the way in which we may use your personal data and the people we may disclose it to. If you do not wish us to disclose your personal information to our approved partners as referred to in clause 17.1 please contact customer services on 01926 320 700 if you are a utilities customer or 01926 320 701 if you are a Telecoms customer. 1. Introduction These terms and conditions apply if you are a customer using our gas, electricity, telecoms and/or broadband services at your domestic premises at which a supply is taken wholly or mainly for domestic purposes. You must inform us if you start using your property for business purposes and we will provide you with an alternative contract. Please read the terms and conditions carefully so that you fully understand your commitments and our obligations. No contract will be formed between us until we receive your acceptance of our quotation in writing, online or verbally (where you are subscribing for the services online or by telephone respectively), or on the date of completion (where you are purchasing a property in a new development). If you subscribe online or by telephone and there are any problems with your application prior to us commencing the registration process we will contact you and attempt to resolve any issues. We reserve the right to reject your request on reasonable grounds. Reasonable grounds for our rejection could include but are not limited to your premises being found to have unsuitable metering equipment (for instance those offering half hourly metering) in the case of energy services, or, in the case of broadband services, that you do not have a BT telephone landline (we will test this for you using the telephone number given on your application) or your premises cannot be connected for any other technical reasons. -
Monitoring Social Obligations – Q4 2018 Data Report
Monitoring company performance – quarterly reporting Ofgem monitors the performance of domestic suppliers in relation to debt, disconnection, prepayment meters and help for customers in vulnerable positions. Information is collected from suppliers on a quarterly and annual basis and the data received is set out in the tables that follow and published on the Ofgem website. The published data should be read in conjunction with the accompanying guidance notes which contains definitions on the data collected. The guidance is available on the Ofgem website at the link below: Social Obligations Reporting Guidance Notes You may notice that a data field is left blank. This indicates that the supplier was unable to provide the required data for that specific reporting period. For the reconnections table, suppliers will only be shown if they have disconnected customers in the relevant reporting period. Please note that data from the following suppliers has been excluded from the report because their return data was not available: economyenergy - Electricity economyenergy - Gas Our Power - Electricity Our Power - Gas Payment Methods December 2018 Quarterly Budgeting Monthly Prepayment Electricity cash / Fuel Direct payment Other Total direct debit meter cheque schemes Affect Energy 95.7% 0.0% 0.0% 0.0% 0.0% 4.3% 100.0% Avid Energy 0.0% 98.6% 1.4% 0.0% 0.0% 0.0% 100.0% Avro Energy 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% Axis Telecom 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% Breeze Energy Supply Ltd 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% Brilliant Energy -
Energy White Paper: Powering Our Net Zero Future
Introduction ENERGY WHITE PAPER Powering our Net Zero Future December 2020 | CP 337 1 Energy White Paper The Energy White Paper Powering our Net Zero Future Presented to Parliament by the Secretary of State for Business, Energy and Industrial Strategy by Command of Her Majesty December 2020 CP 337 © Queen’s Printer and Controller of HMSO 2020 This publication is licensed under the terms of the Open government Licence v3.0 except where otherwise stated. To view this licence, visit: nationalarchives.gov.uk/doc/open-government-licence/ version/3 Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available on our website at: www.gov.uk/beis Any enquiries regarding this publication should be sent to us at: [email protected] ISBN 978-1-5286-2219-6 CCS0220144090 12/20 Printed on paper containing 75% recycled fibre content minimum Printed in the UK by the APS Group on behalf of the Controller of Her Majesty’s Stationery Office Introduction Contents Foreword 02 Introduction to the Energy White Paper 04 CHAPTER 1 | Consumers 18 CHAPTER 2 | Power 38 BEIS modelling 60 CHAPTER 3 | Energy system 64 Transport 88 CHAPTER 4 | Buildings 96 CHAPTER 5 | Industrial energy 118 CHAPTER 6 | Oil and gas 132 Glossary 148 References 156 Energy White Paper ENERGY WHITE PAPER Ministerial foreword The government presents this white paper at a time of unprecedented Tackling climate change will require peacetime challenge to our country. decisive global action and significant investment and innovation by the public Coronavirus has taken a heavy toll and private sectors, creating whole new on our society and on our economy. -
A Brief History of the GB Energy B2C Retail Market – 'The Disruption Of
22nd Edition November 2020 World Energy Markets Observatory A brief history of the GB energy B2C retail market – ‘the disruption of incumbents’ Over the last 15 years, the GB energy retail market has changed significantly. A look back to 2005 shows 12 suppliers, with the ‘Big 6’ incumbent energy retailers – EDF Energy, British Gas, SSE, Scottish Power, npower (RWE) and E.ON having a market share of effectively 100% of the 30 million customers in the UK.1 Only 15 years later, the market in 2020 looks dramatically million in gas.3 Of these, 22% were customers switching away different - with over 50 suppliers, and the market share of the from the six largest suppliers.4 legacy incumbents’ being reduced to circa 70%. Moreover, suppliers previously thought of as “challengers” or “small Not every new entrant or challenger that has entered the suppliers” have made large acquisitions and/or grown market has been successful. In particular, in 2018 we witnessed significantly. The market is now dominated by Ovo Energy, 14 exits from the market, with Ofgem, the energy regulator, EDF, British Gas, Scottish Power and E.ON. needing to use supply of last resort arrangements for over one million customers.5 Further, a series of acquisitions from Figure 1 provides a chronicle (2005 to 2020) of how the market Octopus Energy (including ENGIE, Co-Operative Energy, structure has changed and how the UK energy retail market Affect Energy and Iresa Energy) have seen their customer base has become one of the most competitive in Europe. The increase to over one million in less than five years. -
Utility 2050 Regulation, Investment and Innovation in a Rapid Energy Transition
UTILITY 2050 REGULATION, INVESTMENT AND INNOVATION IN A RAPID ENERGY TRANSITION MARCH 2021 UTILITY 2050 - REGULATION, INVESTMENT AND INNOVATION IN A RAPID ENERGY TRANSITION THE UK’S NET-ZERO EMISSIONS BY 2050 TARGET BECAME LAW IN 2019 • WE KNOW THAT ACHIEVING IT WILL REQUIRE FAR-REACHING AND DISRUPTIVE CHANGE ACROSS MANY DIFFERENT SECTORS. • A KEY ELEMENT OF SUCCESS IS A VIRTUALLY CARBON FREE POWER SECTOR. • HOW WILL THIS AFFECT ENERGY UTILITIES? • WHAT NEEDS TO CHANGE FOR A DECARBONISED POWER SECTOR TO THRIVE? 2 UTILITY 2050 - REGULATION, INVESTMENT AND INNOVATION IN A RAPID ENERGY TRANSITION THE UTILITY 2050 PROJECT WAS A PARTNERSHIP OF ENERGY INDUSTRY PROFESSIONALS, FINANCIERS AND ACADEMICS WITH A SHARED OBJECTIVE TO EXPLORE WHAT NET ZERO COULD MEAN FOR THE ENERGY SECTOR. We found that there are growing The energy sector has an ‘innovation dilemma’: pressures in the retail and wholesale It is challenging to plan for and regulate the DECISIONS WITHIN THIS DILEMMA FALL INTO THREE BROAD markets caused by the net-zero energy market even 2-5 years ahead. Equally, CATEGORIES: energy transition. there is a pressing need to make decisions, in the face of deep uncertainties, which are (1) Enabling innovation whilst protecting These need a deeper rethink of the business commensurate with hitting the 2050 consumers in the retail market; models that make up the energy market and net-zero target. the regulation which supports them. (2) Evolving the business model for large generators; and (3) Balancing the contributions of retail Please cite this report as: Author affliations, titles and links and wholesale innovation. Hall, S., Cole, D., Workman, M., Hardy, J., Mazur, C., Anable, J., (2021) Utility 2050 – Regulation, investment and innovation in a rapid energy transition, Atkins, London Available at: . -
Greenwashing Vs. Renewable Energy Generation
Greenwashing Vs. Renewable energy generation: which energy companies are making a real difference? Tackling the climate crisis requires that we reduce the UK’s carbon footprint. As individuals an important way we can do this is to reduce our energy use. This reduces our carbon footprints. We can also make sure: • All the electricity we use is generated renewably in the UK. • The energy company we give our money to only deals in renewable electricity. • That the company we are with actively supports the development of new additional renewable generation in the UK. 37% of UK electricity now comes from renewable energy, with onshore and offshore wind generation rising by 7% and 20% respectively since 2018. However, we don’t just need to decarbonise 100% of our electricity. If we use electricity for heating and transport, we will need to generate much more electricity – and the less we use, the less we will need to generate. REGOs/GoOs – used to greenwash. This is how it works: • If an energy generator (say a wind or solar farm) generates one megawatt hour of electricity they get a REGO (Renewable Energy Guarantee of Origin). • REGOs are mostly sold separately to the actual energy generated and are extremely cheap – about £1.50 for a typical household’s annual energy use. • This means an energy company can buy a megawatt of non-renewable energy, buy a REGO for one megawatt of renewable energy (which was actually bought by some other company), and then claim their supply is renewable even though they have not supported renewable generation in any way.