The power network's electricity system operator (ESO) said it expects supply to be tight at times this winter, most likely in the first half of December. The UK could face "very high prices" with experts warning household bills could rise to £3,850 this winter due to electricity supply shortages - but the lights will
Yesterday (3 January), Ofgem announced a 54% increase in the price cap for the summer period, due to the ongoing energy crisis. In response, chancellor Rishi Sunak set out a number of measures in an effort to manage the impact this will have on consumers. This includes a £9.1 billion one-off repayable discount, a council tax
Octopus Electric Vehicles is preparing a path for its vehicle-to-grid (V2G) project Powerloop to become the first to enter National Grid ESO’s Balancing Mechanism. Developed by a consortium run by Octopus Electric Vehicles and Octopus Energy in partnership with UK Power Networks (UKPN), Energy Saving Trust, Open Energi, CPS, and Guidehouse, Powerloop has allowed
Britain's electricity system will be capable of being powered solely by zero carbon sources of power by 2025 for periods at a time, National Grid ESO has said. Ahead of the COP26 climate summit in November, the operator has released new analysis that shows the system will be capable of running free of fossil fuels
Internal projections from one of world’s largest oil producers show an increase in its enormous contribution to global warming Exxon Mobil Corp. had plans to increase annual carbon-dioxide emissions by as much as the output of the entire nation of Greece, an analysis of internal documents reviewed by Bloomberg shows, setting one of the largest
Global oil demand, struggling to recover from the coronavirus pandemic, could peak during this decade as electric vehicles become more widespread, according to a new report. Demand for crude worldwide plunged by 16 million barrels per day during the second quarter, the largest drop in a single quarter, according to a Bank of America Securities
Over five million SMETS2 smart meters have been installed in the UK according to the Data Communications Company (DCC). The milestone was reached with the installation of a meter at a location in Lincoln by Bulb Energy yesterday (7 September 2020). It has been achieved despite installations pausing from March due the COVID-19 lockdown, and
The British government has relaxed planning legislation, in a move that could triple the number of batteries serving the grid. Ministers have today (14 July) passed secondary legislation that removes barriers for storage projects above 50MW in England and 350MW in Wales. The government hopes that this will lead to storage cells five times
Batteries can offer a cost-effective option for upward and downward reserve to the UK grid, a project run by AI and automation tech firm Arenko with transmission network operator National Grid ESO has found. The trial, first announced in May, found that the Electricity National Control Centre (ENCC) can effectively request the availability of
A 25-megawatt battery-based energy storage system has been connected to the electricity grid to store surplus power from wind and solar plants. Located in a field near Taunton, it works by buying and storing electricity when it is cheap and then selling it at peak demand for a profit. It also helps the National