Sun Supermarket – The energy regulator has demanded “significant improvements” from suppliers in the way they manage customers’ direct debits.
The call follows a review by Ofgem into whether firms have been deliberately overstating customers’ monthly payments in a bid to build up cash reserves. The Guardian>>
Sun Supermarket – Ministers were last night considering fresh incentives designed to spur investment in renewable energy amid evidence that the credit crunch is threatening government energy targets.
The Energy Minister hit back at claims that the Government was failing to deliver on an ambitious plan to foster a green energy revolution by building thousands of onshore and offshore wind turbines. Mike O’Brien told a meeting of renewable-energy chiefs that he was determined that Britain would meet its goal of generating as much as 35 per cent of all UK electricity from wind, wave and solar power by 2020, up from less than 5 per cent at present. The Times>>
Sun Supermarket – President Barack Obama Thursday unveiled a 2.4 billion dollar boost for electric vehicle development, vowing to compete with foreign nations in the race to be world leader on renewable energy. AFP>>
SunSupermarket – Obama, on the first day of a week-long blitz aimed at selling his ambitious $3tn spending budget, said that the $129bn that has been allocated for encouraging the use of solar energy, hybrid cars and other renewable energy projects would not be subject to any of the usual wheeling and dealing between the White House and Congress. The Guardian>>
SunSupermarket – Germany’s largest solar-product maker, said it expects its projects business to install over 200 megawatts of capacity in 2009. Bloomberg>>