Success for SmartestEnergy in Age UK charity competition

SmartestEnergy has raised over £3,000 in a fundraising competition for local charity Age UK Suffolk.

To celebrate their 65th birthday, Age UK Suffolk invited local companies to get involved in their ‘65’ themed challenge which saw participants maximise income on a tight budget supplied by the charity.

The challenge encouraged the competitive spirit between local companies, giving each organisation an allowance of just £65 to creatively invest in fundraising activities in order to raise as...

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New Chief Operating Officer for SmartestEnergy

Masayuki Omoto, who has worked in the global energy industry for more than 20 years, has joined SmartestEnergy as Chief Operating Officer.

He replaces Hiroyuki Sawada who has served in the post since 2010.

During his career to date Mr Omoto has worked across the energy sector including generation, transmission and distribution, vertically-integrated regulated utilities and the LNG sector.

He also has significant international experience having worked in Turkey, the US and Japan.

As Chief...

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Clarity urged on Labour’s price freeze proposals

Labour’s price freeze proposals would be counter-productive and damaging to the wholesale electricity market, SmartestEnergy has warned.

In its response to the Labour’s Energy Green Paper ‘Powering Britain: One Nation Labour’s plans to reset the energy market’, SmartestEnergy said the measure would have “unintended consequences” for the wholesale market and lead to a loss of liquidity.

SmartestEnergy also said it was “very concerned” that the proposals didn’t make it clear that a price freeze ...

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SmartestEnergy supports 56MW UK solar investment

US solar technology firm SunEdison is entering the UK market after agreeing a financing deal for the construction of four utility-scale photovoltaic (PV) solar projects.

The energy produced from the 56 megawatt (MW) portfolio, which is expected to be fully operational by the end of March, will be purchased by SmartestEnergy through a Power Purchase Agreement (PPA.)

Construction of the projects in Swindon, North Devon and on the Essex/Suffolk border, will be financed from the proceeds of a...

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SmartestEnergy tops customer satisfaction table for 4th year running

SmartestEnergy has again retained its position as best in the industry for customer satisfaction among large energy users in a benchmark survey.

The latest Datamonitor B2B Energy Buyer survey placed SmartestEnergy top of the 2013 league table for customer satisfaction among major energy users.

It is the fourth year in a row that SmartestEnergy has headed the table which assesses performance across areas including procurement, billing, account management and query resolution.

Datamonitor...

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Smaller generators to benefit under John Lewis Partnership deal with SmartestEnergy

The John Lewis Partnership has signed a new energy supply deal which will provide a major boost to renewable generation projects owned by communities, farmers and small businesses across the UK.

The agreement will see SmartestEnergy, which buys electricity from hundreds of independent generation projects, supply more than 380 Waitrose and John Lewis sites with 100% renewable electricity.

Nigel Keen, Director of Property Services for the John Lewis Partnership, said:

“As a responsible...

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SmartestEnergy participates in Low Carbon Network Fund (LCNF) project on potential of energy storage

SmartestEnergy has become a partner with UK Power Networks to investigate the commercial viability of using energy storage systems as part of the UK’s future energy mix.

The Smarter Network Storage Project, funded by Ofgem’s Low Carbon Network Fund (LCNF), looks to assess the potential value of storage on the network by providing a demonstration project to help facilitate learning with regard to the operation and commerciality.

The project is installing 6MW/10MWh of Samsung lithium manganese...

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EMR could hit energy market competition, minister warned

Independent energy firm SmartestEnergy has warned that extra burdens placed on suppliers under EMR could hit smaller players hardest.

Chief Executive Robert Groves told Energy Minister Michael Fallon - visiting SmartestEnergy’s Ipswich base to mark the fifth anniversary of its retail business – that the company is supportive of EMR but has concerns over some of the detail, particularly the supplier obligations proposed under the reforms.

“The obligations which currently look set to fall on...

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‘Crowdfunded’ £10.5M wind farm set to go live

One of the UK’s largest farm-based wind power projects is about to be switched on, generating returns for more than 20 local shareholders who have invested in the scheme.

The £10.5m Greenside Wind Energy project is a joint venture between two long-standing farming families in the North East of Scotland but the upfront investment needed to secure bank finance for the multi-million pound project meant other local investors have also been brought on board.

A further 22 investors, all based...

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SmartestEnergy welcomes Ben Gummer MP

Ambitious plans which could see its workforce increase by at least 50 per cent have been announced by one of East Anglia's fastest growing employers.

SmartestEnergy, which is the UK's largest purchaser and supplier of electricity generated by the independent sector, has already seen Ipswich staff numbers quadruple to 40 in the five years since it set up a base in the town.

It is recruiting a further six staff to its Grafton House offices - next to Ipswich Town’s stadium - and believes staff...

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