Domestic electricity prices jump 17% y-o-y in Q1, says BEIS

Domestic electricity prices increased by 17% in the first three months of 2022 in comparison with the same period in 2021, according to new statistics from the Department of Business, Energy and Industrial Strategy (BEIS). Meanwhile domestic gas prices increased by 26%, so that all domestic fuels increased by 21% in real terms, accounting for

CCC warns ‘major failures’ mean UK set to miss net zero

“Major failures” mean current government programmes will not be enough to deliver net zero, according to the latest Progress in reducing emissions: 2022 Report to Parliament from the Climate Change Committee (CCC). The landmark 600-page report is the first such since the release of the government’s Net Zero Strategy in October 2021, and follows a number of key policy

Mayor of London opens renewables tender to power Tube network

A power purchase agreement (PPA) tender has been launched by the Mayor of London as part of ambitions to power the Tube network with 100% renewable electricity. This first tender is aiming to purchase approximately 10% of Transport for London’s (TfL) required electricity from renewable energy sources and new build assets. As it stands,

How the revolution in electric vehicles is changing mining

The world’s largest carmakers are among those driving hardest for sustainable minerals Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to

Energy prices take over as biggest concern for businesses amid crisis

Energy prices are now the biggest concern for businesses, according to a new report from npower Business Solutions (nBS). In a survey of 200 large businesses, 77% put energy costs as their biggest concern followed by 72% identifying the ongoing recovery from Covid-19. Nine out of ten businesses predict their energy costs will increase over the

Government failure to boost energy efficiency ‘inexplicable’, says IEA

Saving energy is ‘utterly essential’ to cut bills, end reliance on Russian oil and gas and slash emissions says agency The failure by governments and businesses to accelerate energy efficiency efforts is “inexplicable”, according to the head of the International Energy Agency. Fatih Birol said saving more energy was “utterly essential” in cutting household’s rocketing bills,

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