More Britons are making their homes greener and cutting bills – here’s how the costs add up How would you like to be able to power two electric cars, cover most of the electricity for your greener home, and still save £150 a month on your electricity bill? If you don’t believe it is possible,
A £75m battery energy storage system – the largest in Europe – has been officially opened in the UK by Harmony Energy Income Trust Plc. The revolutionary battery energy storage system is located at Pillswood near Cottingham, East Yorkshire, and is the largest energy storage system of its kind by megawatt-hour (MWh).
The solar power industry saw spectacular growth in 2022, driven by the energy price crisis and consumer desire for a more sustainable lifestyle. A greater number of smaller-scale systems were installed than in any year since 2015, more than twice the amount seen in 2021 and setting a post-subsidy record. A total of 130,596
Britain has broken its record for ‘greening the grid’, with 25 hours coming from 100% clean electricity in December, according to new analysis from Imperial College London for Drax Electric Insights. This is one of the key findings from the the Drax Electric Insights Q4 2022 report, which suggests that there was 2.9GW of surplus
Clean energy company Good Energy has recognised a growing appetite for solar generation with over 250,000 UK-based households considering a solar installation by 2026. Running alongside this statistic, Good Energy also said that across 2022, solar installations doubled to over 130,000 with the primary incentive to switch to the technology being to avoid exposure to
An economic death spiral occurs when a system loses critical mass. For example, the UK’s energy death spiral – which is reaching its crisis phase – is the result of rising energy costs creating an involuntary loss of demand across the system. In part, businesses and households engage in energy-saving and conservation methods to lower their demand.
Octopus Energy has launched a brand new tariff for customers with solar, a battery and an electric vehicle at home. Octopus Flux will be able to save customers more than £326 a year compared to the suppliers next more appropriate tariff, it noted. “We’re delighted to launch our next generation import/export tariff, 'Octopus Flux', for
110 UK academics have signed a letter to energy security secretary, Grant Shapps, calling for the UK to join key allies such as Germany, the Netherlands and France, in withdrawing from the Energy Charter Treaty (ETC). The ETC was signed in 1994, coming into effect in April 1998. It provides a multilateral energy framework for
A battery storage system in the UK has begun delivery of reactive power services to the grid in what has been claimed as a world first contract of its kind. Developer-investor Zenobe Energy also said that its 100MW/107MWh battery energy storage system (BESS) in Capenhurst, Chester, is currently the largest battery project directly connected to
Oil and gas giant BP confirmed it more than doubled its annual profit in 2022 to £23 billion ($27.7 billion), up from the £10.6 billion ($12.8 billion) witnessed in 2021, owing to soaring oil and gas prices. The profits witnessed by BP across 2022 have been propelled by soaring oil and gas costs amid the