The number of domestic energy suppliers has fallen by over half from 47 to 25 since the start of 2021. This is according to Cornwall Insight, which showed that at the start of the year there were 5 large, 12 medium and 30 small suppliers, however this has now dropped dramatically, with the year holding
Wind and solar power, alone, can meet more than 80 per cent of demand in many countries around the world without “crazy amounts” of storage or excess generating capacity, a new report has found. The study led by researchers at the University of California, Irvine, and published recently in Nature Communications argues that most of
We have every tool we need to tackle the climate crisis. Here’s what some key sectors are doing The climate emergency is the biggest threat to civilisation we have ever faced. But there is good news: we already have every tool we need to beat it. The challenge is not identifying the solutions, but rolling
Solar PV, energy storage and other clean energy technologies are to be exempt from business rates rises from April 2023 as part of Chancellor Rishi Sunak’s Budget, representing a major victory for the sector. Discussing business rates during his 2021 Autumn Budget today, Sunak said the Treasury was responding to calls by the Federation of
There was a record amount of rooftop solar deployed in Q3, with 97MW installed on homes and businesses around the UK. This constitutes more than 90% of the total solar PV deployed last quarter, according to new research figures from Solar Media and presented by Solar Energy UK, with 107MW installed overall. Across Q2 and
High power prices are expected to continue into winter following a record-breaking third quarter in the UK. Wholesale power prices started the quarter high at £31.37/MWh, but continued to grow passing the £50.00/MWh milestone on 13 September before finishing the quarter at £72.01/MWh, according to analysis from EnAppSys. Day-ahead wholesale prices averaged at £126.14/MWh, up
Hotter summers and less predictable rainfall as a result of climate change will create an increased risk of droughts and serious water shortages in the UK, the Environment Agency has said. In a stark warning ahead of the Cop26 summit in Glasgow, the government agency said there had to be far greater focus on the
The government is to offer grants of £5,000 for the installation of heat pumps from April 2022 as part of a new £450 million scheme to upgrade domestic heating infrastructure. The Boiler Upgrade Scheme is one of the headline commitments outlined in the Heat and Buildings Strategy, published today (19 October 2021) which also detailed
ASSET MARKETS AND THE LOOMING ‘SNAP-POINT’ Throughout the period since the global financial crisis (GFC) of 2008-09, capital markets have marched upwards, even as the economy itself has, at best, stagnated. After a sharp correction at the start of the coronavirus crisis, the prices of stocks and property, in particular, have kept hitting new highs,
The Bunyan family invested in a renewable energy system to run their house and car The Bunyan family could be one of the greenest families in the land after installing high-tech kit to help them store energy from sunshine. The recent increase in gas prices has not affected them and they have not been queuing