News
News
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Nearly 3.9m energy saving measures installed
The latest data for the Energy Company Obligation (ECO) reveals that approximately 3.9 million energy saving measures have been installed in 2.5 million properties by the end of March 2024. This initiative, aimed at improving energy efficiency, saw an increase of 3% in installations during the first quarter of 2024 compared to the previous quarter. […]
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UK nuclear industry unveils manifesto for ‘once in a generation’ programme
The Nuclear Industry Association (NIA) has unveiled its 2024 industry manifesto ahead of the general election, outlining a plan for a “once in a generation” nuclear programme. The manifesto sets out five key actions for MPs elected on 4th July to support during the next Parliament. Key points in the industry’s manifesto include progressing Sizewell […]
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“The only way to get to net zero is to use carbon removals”
You will fail to meet your targets if you wait to engage with carbon removals. This is what Simon Manley, Head of Carbon at carbon removal company, UNDO, said in this week’s Net Hero Podcast special. ‘As long as you’re on a net zero pathway, the only way to get there is to use carbon […]
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‘Oil boiler failures fuel heat pump boom’
Households using oil boilers are more likely to experience heating problems and are showing a higher willingness to switch to heat pumps, according to recent findings from energy company Good Energy. The survey, conducted by Opinium, revealed that nearly 78% of oil-heated households reported issues with their heating, compared to 58% of the general population. […]
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UK must double EV charger installations to hit 2030 goal
The UK must more than double its current rate of installing publicly accessible electric vehicle (EV) charge points to meet its 2030 target. Britain aims to have 300,000 charge points by the end of the decade but had only 75,074 as of March 2024. That’s according to new analysis from Cornwall Insight, which suggests that […]
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Flagship Energy’s Tejal Shah Energy Markets Update – 29th May 2024
1) What’s happening in the markets and why? Last week the market reached highs not seen so far this year. Although prices have improved, we remain at the top end of the price range with Winter-24 gas in the UK still trading above £1/therm. This comes despite maintenance easing in Norway from their peak. Going […]
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“100 days to save 100k North Sea jobs”
The Aberdeen Grampian Chamber of Commerce’s latest Energy Transition report sounds the alarm for the UK’s North Sea energy sector, predicting the loss of up to 100,000 jobs within 100 days unless urgent action is taken. The report highlights a decline in industry work across production, exploration and renewables, exacerbated by uncertainty surrounding the general […]
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Energy prices drop: What it means for your wallet
Changes to the energy price cap, effective from 1st July to 30th September, will see a decrease in costs for typical households using both electricity and gas and paying by direct debit. The new cap, set at £1,568 per year, represents a £122 reduction compared to the previous quarter’s cap of £1,690. Customers paying via […]
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UK ports plan green shipping corridor to reduce emissions
NatPower Marine and Peel Ports Group aim to establish the UK’s first ‘green shipping corridors’ between the UK and Ireland, focusing on reducing emissions from maritime transport. The project involves NatPower Marine investing in charging infrastructure across eight ports operated by Peel Ports Group, supporting electric ships and vehicles. The initial routes identified include Belfast-Heysham […]
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UK heat pump demand rises
Applications for heat pumps have increased following a rise in government grants under the Boiler Upgrade Scheme. Figures show a surge in demand, with a 93% increase in applications in April compared to the previous year, indicating a growing preference for greener heating solutions among households in England and Wales. Officials credit the heightened demand […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas