News
News
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Energy price cap down 7%
Ofgem has confirmed that the energy price cap for the third quarter of 2024 will decrease by 7%. The price cap establishes a ceiling on the per-unit cost suppliers can charge for gas and electricity, as well as a maximum daily standing charge. Customers who use more energy will still pay more overall. The new […]
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Energy price cap falls, millions still struggling
The energy regulator Ofgem has announced that the price cap for a typical household will decrease by £122 to £1,568 per year from July to September. This adjustment is expected to provide some relief to consumers during the summer period. Despite the reduction, the National Energy Action (NEA) charity reports that 5.6 million UK households […]
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Energy industry reacts to new price cap
Ofgem has announced a reduction in the energy price cap for the third quarter of 2024. The cap will decrease by 7%, taking effect from 1st July to 30th September 2024. This adjustment means the average household paying by direct debit for dual fuel will see annual costs drop to £1,568, which is £122 less […]
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Ofgem cuts price cap, winter bills expected to rise
Ofgem has announced the energy price cap for the third quarter of 2024, setting it at £1,568 annually for a typical dual fuel consumer. This represents a 7% decrease from April’s cap of £1,690. The new cap reflects the impact of lower gas and electricity prices earlier in the year, despite a recent rebound in […]
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New sponge-like material could boost nuclear energy
Chemists from the universities of Southampton and Liverpool have developed a porous material using computer simulations. The material, featuring sponge-like holes, could play a significant role in the future of energy, particularly in the nuclear industry and hydrogen storage. The research, published in Nature, highlights a new approach to creating porous materials, known as metal-organic […]
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Rowan Energy Combats Greenwashing and Fraudulent Carbon Certificates with Blockchain Technology
Amid this green revolution, the prevalence of greenwashing—where companies misleadingly advertise their products or practices as environmentally friendly—poses a significant threat to genuine sustainability efforts. Rowan Energy’s groundbreaking approach to combating greenwashing utilises blockchain technology not just for tracking and verifying energy production, but also through the innovative use of NFT certificates for carbon offset […]
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European power demand to increase 58% by 2050
Europe could see a 58% increase in power demand by 2050, according to the latest findings in Energy Brainpool’s Power Price Scenarios “Brainreport”, part of the Montel Group. This projected increase is attributed to several factors: the growing use of hydrogen in transportation, steel production and the chemical industry; increased electrification of household energy services […]
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Energy bills 40% higher despite price cap drop
New analysis from the Energy and Climate Intelligence Unit (ECIU) shows that despite the expected drop in the energy price cap, the average annual dual fuel bill for a UK household will remain about 40%, or £450, higher than pre-crisis levels. Since the start of the gas crisis three years ago, the average UK household‘s […]
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UK shines with 1.5m home solar installations
The UK has reached a milestone with 1.5 million MCS-certified small-scale solar installations recorded since 2008. The Microgeneration Certification Scheme (MCS) certifies renewable energy systems that heat and power homes and small businesses. These installations have a maximum DC output of 50 kilowatts, with typical household systems having a capacity of three to four kilowatts. […]
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MPs question water company bosses over pollution incidents
The Environment, Food and Rural Affairs (EFRA) Committee has raised serious concerns with the Chief Executive Officers of United Utilities and South West Water (SWW) regarding recent pollution incidents. The committee will question the CEOs in an evidence session on 5th June, ahead of Ofwat’s decision on water companies’ spending plans and proposed price rises […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas