Author Archive
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Energy supplier offers £1,000 EV charging discount
Octopus Electric Vehicles has launched a new tariff aimed at helping electric vehicle (EV) owners save on charging costs. The ‘Intelligent Octopus Go – EV Saver’ tariff offers an off-peak rate of 6p per kWh, which could result in savings for EV drivers. Available through Octopus Energy, this new rate allows EV users to travel […]
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ScottishPower earnings drop 11% amid recovery of Ofgem price cap allowances
ScottishPower has reported an 11% decrease in earnings for the first half of the year, amounting to just over £1 billion. This decline is largely attributed to the one-off recovery of outstanding price cap allowances from 2022, which significantly affected the company’s customer supply business. The fall in earnings from its supply arm, which serves […]
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LinkedIn: UK green jobs threatened by skills shortage
The UK’s ambition to lead in green energy is facing a major obstacle due to a shortage of skilled workers. According to fresh LinkedIn data, the hiring rate for green jobs is growing faster than the overall job market by up to 30%, but only one in eight workers worldwide possess the necessary green skills. […]
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400 public bodies spend £4.3bn on energy
A total of 400 public sector organisations spent £4.3 billion on energy from April 2023 to March 2024, an increase from £3.7 billion the year before. Box Power CIC has published its latest report on public sector energy costs, revealing substantial differences in spending across various organisations. The investigation used freedom of information requests and […]
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New hydropower push in Scotland
SSE has announced a new venture to develop a pumped storage hydropower scheme at Loch Fearna in Scotland‘s Great Glen. The project is a 50:50 joint venture with a consortium led by Gilkes Energy. The proposed scheme aims to utilise the natural landscape of Loch Fearna to create a pumped storage facility. This type of […]
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UK hotels go green with EDF
EDF and Whitbread Group have entered into a three-year partnership to supply renewable energy. The agreement includes the supply of certified zero-carbon electricity, ensuring that the energy provided is from renewable sources. Under the agreement, EDF will provide Whitbread with approximately 340 gigawatt-hours (GWh) of energy generated from wind and solar sources. EDF will also […]
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Octopus boss hails ‘positive’ meeting with Chancellor
Greg Jackson, Chief Executive Officer of Octopus Energy, has expressed optimism following a meeting with Chancellor Rachel Reeves. Mr Jackson described the meeting as “very positive,” noting the new government’s rapid announcements. He highlighted the need for reforms in grid queues and locational pricing but conveyed an overall optimistic outlook for the sector. In response […]
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Efficient UK-EU electricity trading could save £11bn
As European leaders gather for the European Policy Community Summit to discuss energy security, Energy UK is calling for greater UK-EU cooperation in the energy sector. In its report, “The Power of Partnership: UK-EU Energy Cooperation for a Clean and Secure Future,” the trade association argues that improved electricity trading and joint efforts on North […]
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Climate resilient transport to hit the streets of the South West of England
A new strategy approved by the Peninsula Transport Board aims to make public transport in Cornwall, Devon, Plymouth, Somerset and Torbay more reliable and climate friendly. The strategy aims to deal with issues including an unreliable network, seasonal variations in schedules and poor accessibility especially in more rural areas. By 2030, the strategy aims to […]
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Ofgem’s RIIO-3 plan sparks investment debate
SSE has responded to Ofgem’s Sector Specific Methodology Decision (SSMD) for the RIIO-3 regulatory price control process, which will govern electricity transmission between 2026 and 2031. Ofgem has highlighted the necessity of unprecedented and accelerated investment in the UK’s electricity network to meet the climate and energy security targets set by the UK and Scottish […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas