A new Energy Bill was announced today (10 May) as part of the Queen's Speech, to help the UK build a more secure, homegrown energy system that is both cleaner and more affordable. The speech – which formally starts the parliamentary year – was presented by Prince Charles in the House of Lords chamber,
Savills says people are paying close attention to EPCs, and homes with heat pumps sell at a premium Homebuyers are paying more for properties with heat pumps or other low-carbon technology installed, and are looking closely at energy ratings, according to analysis by the estate agents Savills. Energy-saving credentials are becoming important considerations for people
If you’re considering a solar battery storage system, you’re likely wondering how much it will cost. The good news is that prices have come down in recent years, and there are a variety of options to choose from. In this article, we’ll take a look at the different types of solar battery storage systems
Energy prices in Great Britain are to remain over £100/MWh annually, according to new research from Cornwall Insight. This figure is significantly above the five year pre-2021 historic average of £50/MWh in winter and the even lower prices seen in pre-2021 summer, Cornwall Insight said. Indeed, while its Benchmark Power Curve for the British
According to official figures, the average electricity bill in the UK was around £764 per year for 2021—but it will be significantly higher in 2022. In fact, the energy price cap rose from 1 April 2022—so we're now officially impacted by the higher cap—which means that households on default tariffs paying by direct debit will see an
An energy crunch is causing higher oil and gas prices. The war in Ukraine caused these prices to soar even higher. As a result, governments on both sides of the Atlantic are racing to build more wind and solar to reduce dependence on fossil fuels. Enter energy storage. The UK government is planning to have installed 50
Consumers will soon be able to check where their energy is coming from hourly, and get a discount on bills if they use electricity when renewables are in surplus. Under plans by the startup Granular and energy giants including Elexon and National Grid, energy companies will allow UK consumers to track their power source.
For the first time in the UK, renewable energy will be tracked hourly as part of a push towards greater transparency in energy procurement. A consortium led by start-up Granular and including European power market Nord Pool, Elexon, Energy Systems Catapult (ESC) and Unicorn is launching a new mechanism that will be able to
Octopus Energy has acquired heat pump manufacturer Renewable Energy Devices (RED), as it targets cost reductions through expansion. It will initially take a controlling interest in the firm based in Craigavon in Northern Ireland, ahead of full acquisition by the end of the year. The multi-million pound partnership will see RED’s existing factory being
Average day-ahead, within-day and system prices in Q1 2022 all more than tripled compared to Q1 2021 as a result of the Russian invasion of Ukraine, EnAppSys has found. During Q1 2022, the average EPEX day-ahead price was £200.80/MWh, while the corresponding Nordpool price was £199.63/MWh — over triple the average prices for the