Engie plans entry into UK home power market

Paris-based Engie has announced its intention to enter the UK household power market in 2017.

FT reports that Engie plans to build its own consumer brand as an extension of its business supplying power to British businesses.
In a sign of its ambition, Engie has recruited a panel of high-powered advisers, including Sir Michael Rake, chairman of BT, Sir Ed Davey, former energy secretary, and Lord Kerslake, former head of the civil service, to help it transition to market.

The company would focus on adding value to basic gas and electricity supplies, CEO Wilfrid Petrie said, including technology to help customers increase energy efficiency. “There is more value for us in helping manage energy demand than in supplying the energy itself,” he added.

Engie already operates a hydroelectric power station in Snowdonia and is part of the consortium planning to build a new nuclear power plant near Sellafield in Cumbria.

Mr Petrie said the UK’s vote to leave the EU had not changed Engie’s enthusiasm for Britain. “It’s still a country with 60 million inhabitants with a major economy,” he said.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...