News
News
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‘Energy customers support fair tariffs for all’
E.ON Next commissioned YouGov to conduct a survey following news that the energy regulator Ofgem is considering lifting the ban on acquisition-only tariffs for energy companies. The survey sought public opinion on whether the best deals should be restricted to new customers. According to the results, 93% of respondents believe energy suppliers should not limit […]
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UK exceeds emissions targets, will not carry forward surplus
The UK Government announced today that the country is on track to meet its 2050 net zero ambitions, as a recent report shows it has again overachieved targets to cut emissions. The 15% emissions surplus from the third carbon budget will not be carried forward and the government is expected to over-deliver once again in […]
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ESO: Balancing costs drop by £1.4bn
National Grid Electricity System Operator (ESO) has released its 2023-25 Mid-Scheme Report, detailing its performance in the initial year of the second business plan (BP2) period of RIIO-2, spanning from April 2023 to March 2024. The report highlights efforts to mitigate the impact of external factors such as the Covid-19 pandemic, Russia’s invasion of Ukraine […]
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Will your company be financially secure in a net zero economy?
How will the green economy impact your business? Chief Economic Adviser at the Centre for Economics and Business Research (CEBR) and Big Zero Show speaker, Vicky Pryce, tells us that financial regulation around sustainability is tightening. The financial sector is set to play a crucial role in the net zero economy. Investments in green technologies […]
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Government funds decarbonisation of council housing
Cheshire West and Chester Council has successfully secured £1.5 million in funding from the government to support its initiative towards decarbonising council housing within the borough. The funding, granted by the Department for Energy Security and Net Zero (DESNZ) under the Social Housing Decarbonisation Fund (SHDF), marks a significant step in the council’s commitment to […]
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Turning sludge into gold: ‘Ash stone’ project scores funding
Yorkshire Water leads a consortium awarded £2.3 million from the Ofwat Innovation Fund (OIF) to spearhead the Advanced Thermal Conversion (ATC) Gasification project. Dubbed ‘Ash Stone’, this initiative aims to transform sewage sludge treatment using gasification technology. Partnering with Enertecgreen (ETG), Queen’s University Belfast, the Carbon Trust, and water utility companies like Thames Water and […]
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July energy price cap forecasted at £1,574
The July price cap is predicted to be £1,574 per annum. This represents a fall of approximately 7% from the current price cap, set at £1,690 per year for a typical consumer. If these predictions hold, it would mark a 25% decrease over the past year, with prices around £500 lower than in July 2023. […]
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British Gas offers ‘UK’s cheapest’ heat pump deal
British Gas has introduced a new heat pump rate in the UK, available to all its energy customers who purchase an air source heat pump from the company. The rate is set at 14p/kWh for the electricity used to run the heat pump during the first year. Households could save up to £450 annually by […]
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Virtual reality could accelerate the construction of Hinkley Point C, says expert
Multinational software company, Dassault Systèmes is facilitating the construction of the UK’s nuclear power plant using virtual reality (VR) and artificial intelligence (AI) to create digital twins of the infrastructure. In an interview with Energy Live News, Aneela Nasim, Director of Infrastructure, Energy and Materials for Dassault Systèmes said: ‘A virtual universe can help plan […]
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Battery material prices plummet, driving down costs
Prices for key materials used in battery manufacturing, such as lithium, cobalt, nickel and graphite, have experienced significant drops, contributing to a notable decrease in battery costs. According to a report by the International Energy Agency, the price of lithium has plummeted by 75%, while cobalt, nickel and graphite prices have fallen by 30% to […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas