Energy industry reacts to ‘eye-watering’ bills hike and short-term relief
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
Energy bills rise: Getting rid of gas storage facilities has left the UK exposed to shortages and price hikes
In 2017 the UK’s biggest gas storage facility, Rough, closed after the Government refused to subsidise costly repairs Britain has been hit harder than its European neighbours by the energy price crisis, in part because it has very little gas
Octopus Energy increases export tariffs by 36% for solar power customers
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
Battery storage is ‘standing on its own two feet’ as investor confidence rises
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
Dorset Council gives go ahead for 15MW solar, battery storage and EV charging hub
Dorset Council has granted planning permission for the Blandford Hill Eco Hub development from Naturalis, a development that will include a 15MW solar farm with battery energy storage. The £10 million development will provide an electric vehicle charging hub,
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% –