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 Energy has increased its export tariffs by 36%, as energy prices in the UK remain at record highs. As such, its Smart Export Guarantee (SEG) (export only customers) tariff has increased from 3p/kWh to 4.1p/kWh, and its Fixed Outgoing Octopus tariff has increased from 5.5p/kWh to 7.5p/kWh. The change came into force at
Investors are now becoming more comfortable with battery storage, with projects being profitable and cost-effective, according to industry experts. Speaking at the Energy Storage Network’s Annual Marketplace, Alicja Kowalewska-Montfot, commercial manager-energy storage at Gore Street Capital, said the asset owner had established a “very strong” retail base of investors, who would typically be more risk
FRANKFURT -- Elon Musk appears to be opening a new front in the European battle for electric-car supremacy: providing power for EVs. Musk's Tesla has recently acquired a license that will enable the automaker to trade electricity across western Europe and the company has also been surveying customers in Germany about potentially using Tesla electricity
Scientists identify thousands of extreme events, suggesting stark warnings about global heating are already coming to pass Intolerable bouts of extreme humidity and heat which could threaten human survival are on the rise across the world, suggesting that worst-case scenario warnings about the consequences of global heating are already occurring, a new study has
Solar is to help renewables become the “dominant force” of Great Britain’s energy mix by as early as next year, a new report has found.Energy monitoring firm EnAppSys has said that renewables looks set to become the most prolific source of power in the 2020 calendar year.
Tesco is planning a major rollout of solar on the roofs of its stores in the UKAlongside its in-house market research team, SPP has identified at least five planning applications to install solar on the roofs of Tesco superstores in Nottingham, Lewisham, Sheerness, Martlesham and Yeovil, indicating that the rollout is countrywide and not consigned
To address emissions, the electric grid would need to eliminate fossil fuels and the petrochemical industry would need to reverse its explosive growth.
Scientists say it may still technically be possible to limit warming to 1.5C if drastic action is taken now
Consumers are willing to pay more towards the low carbon energy transition, but only if energy companies and government accept their share of responsibility, new research has found.The UK Energy Research Council (ERC) partnered with Cardiff University to survey more than 3,000 members of the British public and hold a series of focus groups, the