12 more suppliers at risk of collapse as ‘winter of discontent’ continues, finds Price Bailey
There are 12 suppliers in the UK that are technically insolvent and therefore at risk of collapse, according to analysis from accountants Price Bailey. It looked at the credit risk scores and balance sheet information of the 22 remaining
The energy price crisis shows why we need to democratise the sector through solar self-generation
Spiralling UK energy prices and the collapse of several power suppliers recently has illustrated the danger of over-reliance for our energy needs on large companies. And with the rise of distributed renewable power sources, such as roof top solar
Long-term sustainability of the energy system at risk as government eyes short-term fixes, says Cornwall Insight
The long-term sustainability of the energy sector is at risk from the short-term measures being considered as a solution to the energy crisis. Currently policy makers are focusing too heavily on solutions to manage the upcoming price cap increase,
Government must take action to avoid ‘cost of living catastrophe’ as 6.3m households face fuel stress
The number of families experiencing fuel stress is set to triple overnight when the price cap is reset, reaching 6.3 million households. According to new research from charity Resolution Foundation, if the price cap increases by around 50% –
European Airlines Are Operating 18,000 Empty Flights Because of a Dumb Rule
The ‘use it or lose it’ rule means that Lufthansa is using its routes even when it hasn’t sold seats. The airline company Lufthansa will operate 18,000 “empty, unnecessary” flights this winter that would have otherwise been cancelled due
Labour calls for windfall tax of oil and gas producers to tackle energy crisis
Labour has called for a windfall tax on North Sea Oil and Gas companies to help fund measures to protect households from expected energy bill increases in April. Oil refinery plant at night With gas prices throughout
Vattenfall launches high-temperature heat pumps that can directly replace gas boilers
Vattenfall and its technology provider subsidiary Feenstra are launching a new high-temperature heat pump. A criticism often raised against heat pumps is the need for additional upgrades to heating systems to accommodate their lower temperature, in particular the need
Decommissioned Audi EV batteries used in 4.5MWh stationary energy storage system in Germany
Used lithium-ion batteries taken from carmaker Audi’s electric vehicles (EVs) have been repurposed into a ‘second-life’ stationary energy storage system by energy company RWE at a project in Herdecke, Germany. RWE has deployed the system, which has a capacity
Christmas 2021 UK’s greenest on record
New data has shown that power from fossil fuels on Britain’s electricity grid fell to an all-time low last week, delivering the UK’s greenest Christmas. The data – from Drax Electric Insights – shows that at 23:45 on Wednesday