23 November, 2023 – Homes with poor insulation (EPC band F) will face paying £415 more on their energy bills than homes that have an EPC rating of C. It would be more of a benefit in the long run to invest in insulation than to simply subside gas bills.
23 November, 2023 – The International Energy Agency has warned that fossil fuel companies are investing twice as much in oil and gas as they should if the world hopes to limit rising temperatures. Current spending on clean energy sits at 2.5% from oil and gas companies, where the split should lie at 50% to...
22 November, 2023 – Ofgem has announced that annual household bills are set to rise by 5% from £1,834 to £1,928. This £94 rise in the cost of bills comes at the coldest time of the year with prices not set to fall until March.
22 November, 2023 – All eyes were on Jeremy Hunt’s Autumn Statement last week which featured the “largest business tax cut” in modern history. The Autumn Budget includes measures to unlock an additional £20bn in business investment per year over the next decade to bridge the gap between the UK and the rest of the...
18 November, 2023 – The January to March 2024 price cap set by Ofgem is set to be announced on 23 November. Millions saw a reduction in their energy bills in October 2023 after a fall in the price cap, however, experts predict a 5% increase in January before a predicted fall again after March.
16 November, 2023 – Natwest and British Gas have partnered with each other to launch the ‘Home Energy Hub’ which is a digital platform aimed at helping domestic customers understand their carbon footprint and aid them in making sustainable changes.
16 November, 2023 – After failing to secure any offshore wind projects in the latest Contracts for Difference auction, the UK Government have reviewed and increased the strike price by 66% to £73 per MWh. Without this intervention, the UK could well miss its 2030 target of hosting 50MW of offshore wind.
13 November, 2023 – The National Grid is due to assess whether 144 projects due to be connected to the grid will be ready in the next 2 years, otherwise, they may be removed. Companies will have a window of 6 months to apply for a more realistic deadline.
10 November, 2023 – National Grid addresses delays regarding the connection of wind and solar farms to the UK grid. Projects are experiencing connection delays of up to 14 years hindering the progress of impactful changes to the renewable energy industry.
10 November, 2023 – As the wholesale energy market remains volatile, more businesses now want to buy their energy from local renewable energy sources, with a huge amount of choice to procure green energy. For businesses that generate onsite energy, there is a large opportunity to sell power to eager buyers by utilising PPAs.
