Utility Week - authoritative, impartial and essential reading for senior people within utilities, regulators and government
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People & Opinion Utility Week community "Thanks to digital devices and tools, those who are of retirement age but do not necessarily want to retire won't need to. They can move into soft retirement and share their knowledge and skills with construction workers in the field remotely. This can help transfer knowledge and skills to younger workers, as well as saving construction companies time and money" Graeme Wright, IoT director, manufacturing, utilities and services, Fujitsu UK and Ireland 88.7% of the next generation said they would be attracted to work in an industry if they knew it had state- of-the art technology. Road tax change could hit EV take-up changes to car tax could hit the take-up of electric vehicles in the UK, according to a survey by the Society of Motor Manufacturers and traders (SMMt). the government's new car tax brackets will move 66 per cent of the available alternatively fuelled vehicles from road tax exemption to being subject to a £130 flat rate annual fee. those with list prices above £40,000 will also have to pay an annual £310 premium car surcharge. Centrica storage trial centrica is looking to recruit businesses to take part in its pioneering Local Energy Market trial. the £19 million programme will seek to test the use of flexible electricity demand, generation and storage, and to reward local people and businesses for being more flexible with their energy. as part of the trial, £6 million will be made available for businesses and other large energy users. Programme director Matt hastings said: "Our aim is to help businesses and other large energy users from save money on their bills, and potentially even make some money, by optimising both their energy demand and on-site generation, and making their assets available to National Grid." the team is looking to recruit around 60 businesses to take part in the trial, and will be awarding funds to cover the cost of a variety of initiatives including energy audits, smart technology upgrades and new energy storage units. the trial is also open to renewable power generators and other non- domestic users such as factories, hospitals and large offices. ELEctrIcItY ELEctrIcItY 50,000 Number of people who have received prepay vouchers for gas and electricity through Npower's Fuel bank scheme. 1.5m Number of new construction workers required by 2021. Breakdown of energy networks' profits "The energy system is transforming to become lower carbon, more decentralised, smarter and more flexible. This means customers' demands for what network companies must deliver are different today" Kersti Berge, head of scotland and partner, electricity transmission Network company NB: Data not included for electricity distribution companies; 2012-13 data Read the Citizens Advice blog on the "bumper profits" being made by the energy network companies at: http://bit.ly/2mBNExR. Also, see analysis, p15 National Grid Gas Transmission National Grid Gas Distribution Northern Gas Networks Scottish Gas Networks WWU GET SPT UtILItY WEEK | 3rd - 9th March 2017 | 7 Cost of equity Totex Output incentives IQI Return of regulated equity 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0%