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
Here's a typical home battery installation, this one installed recently in a customer's garage in Newport Pagnell. It consists of 5x 2.4kWh Pylontech US2000 batteries, making a total capacity of 12 kWh. A Tanjent Powerbanx home battery system (Image: Tanjent) The batteries are combined in a complete system with a Sofar ME3000SP battery
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.
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
It’s Tuesday, April 5, and the U.S. set a new record for energy storage. U.S. battery storage surged to a new record last year as power grids and property owners added more than 3,500 megawatts of capacity — enough to power roughly 1 million homes for a few hours at a time. That’s more than double
‘Rational’ preppers tell Kasia Delgado about preparing for everything from nuclear strikes to bank collapse to drought: “If a prepper has to panic-buy, they’ve failed” David Bowen recently found a good place in his North Yorkshire seaside town to take refuge in case of a nuclear attack. “I’ve just discovered there’s an old underground
New research from the University of Sussex has highlighted how increased government support is needed to make solar viable for a range of consumers. Particularly, increased support is needed to make solar viable for elderly homeowners, student renters and the disabled, the research said, suggesting policy initiatives such as tax incentives and grants to
VAT on residential solar panels has been cut to zero in the Spring Statement, unveiled today (23 March) by Chancellor Rishi Sunak. The cut to VAT for the next five years covers energy saving materials and installation of technologies including solar panels, heat pumps and roof insulation, which currently have a rate of 5%. A