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.
For the first time in the UK, renewable energy will be tracked hourly as part of a push towards greater transparency in energy procurement. A consortium led by start-up Granular and including European power market Nord Pool, Elexon, Energy Systems Catapult (ESC) and Unicorn is launching a new mechanism that will be able to
Octopus Energy has acquired heat pump manufacturer Renewable Energy Devices (RED), as it targets cost reductions through expansion. It will initially take a controlling interest in the firm based in Craigavon in Northern Ireland, ahead of full acquisition by the end of the year. The multi-million pound partnership will see RED’s existing factory being
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
The ability to store renewable electricity is crucial to the UK freeing itself from dependency on fossil fuels. But how exactly does it work, and who’s building it? Afew years ago, when people in Bristol’s Feeder Road district learned of plans to install 48 diesel generators near a local nursery school, they weren’t best
What is most revealing is what is missing – a gaping wide hole on energy efficiency and demand reduction Let’s start with the broader picture. Today’s economically and environmentally illiterate Energy Security Strategy represents one very small step forward and several giant leaps back. It proposes new North Sea oil & gas fields, which do
As evidence of devastating war crimes in Ukraine by Russian forces grows, and soaring fuel prices mean people in the UK are being engulfed by a tidal wave of unaffordable bills, the UK government is unveiling its long awaited energy security strategy. This hugely important policy package will outline how the government will move to cut imports of
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