Author Archive
-
Is E.ON considering sale of UK business energy supplier?
Energy giant E.ON is reportedly considering selling its UK business unit, npower. Npower provides energy to large businesses. Bloomberg reports that E.ON is working with advisors to assess potential interest from buyers for npower, one of the UK’s largest suppliers to industrial users. In recent months, many companies decided to exit the energy sector due […]
-
What to expect for July energy bills: How much will we pay?
A typical household can expect to pay £2,053 per year for their energy bills from July. That’s according to the final forecast by Cornwall Insight which shows a significant decrease of £1,227, compared to the previous April cap of £3,280. Although the cap has fallen from the extremely high prices seen in the past two […]
-
G7 urged to collaborate rather than compete on renewables, says EU chief
The G7 should work together and not compete on renewables, the President of the European Commission has said. Speaking at the G7 leaders’ summit in Hiroshima, Ursula von der Leyen highlighted the acceleration of the clean energy transition despite geopolitical challenges. She stressed the need for competition to drive the creation of manufacturing capacity rather […]
-
Sainsbury’s supercharges sustainability with most energy-efficient store yet
Sainsbury’s has opened what is described as its most energy efficient store. The 25,000-square-foot store in Hook, Hampshire, is projected to use only half the energy of similar-sized Sainsbury’s locations and consume 25% less electricity compared to the retailer’s other most energy-efficient supermarkets. The retailer has said the store will operate entirely on 100% renewable electricity. […]
-
Birmingham leads the way in rare earth magnet recycling
Birmingham is set to become the first centre for rare earth magnet recycling in the UK, as a recycling plant is established at Tyseley Energy Park. Rare earth magnets are vital components in clean energy technologies such as electric vehicles and wind turbine generators. However, the recycling rates for these magnets are currently very low, […]
-
Earth’s temperature set to skyrocket, breaking the 1.5°C barrier by 2027
Scientists predict that our world is on track to exceed a crucial temperature limit in the coming years. According to new research by the World Meteorological Organization, there is a 66% likelihood that countries will surpass the 1.5°C global warming threshold between 2023 and 2027. This would mark the first time Earth breaches this significant […]
-
Keir Starmer urged to reconsider energy company nationalisation
Bringing the UK energy sector under public ownership could bring benefits and end the “scandal of energy company profiteering”. That’s according to a recent investigation conducted by Unite the Union which suggests such a move could alleviate the burden on billpayers, reduce inflation rates and enable investment in green technologies. Unite, in their report titled […]
-
UK pension scheme rejects nuclear power station investments
The National Employment Savings Trust (Nest), responsible for managing over £27 billion in assets, has delivered a blow to the government’s ambition of expanding the country’s nuclear power output. In a bid to meet its ambitious goal of 24GW of new nuclear capacity by 2050, the UK Government has identified large-scale plants such as Sizewell […]
-
UK water regulator gets £11m boost
Ofwat, the water regulator, has received approval for an £11.3 million increase in funding from HM Treasury. This boost will enable Ofwat to expand its enforcement capacity threefold, empowering them to hold water companies accountable for their failures. The increased budget is expected to equip Ofwat to drive changes within water companies and ensure they […]
-
Ofgem designated to lead Great British Insulation Scheme
The Department of Energy Security and Net Zero has officially designated Ofgem as the administrator of the Great British Insulation Scheme. The department has released a draft guidance document for public consultation on the administration of the scheme. Previously known as ‘ECO+’ during its consultation phase in November 2022, the Great British Insulation Scheme aims […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas