News
News
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Flagship Energy’s Tejal Shah Energy Markets Update – 6th March 2024
There is a never a dull moment in the energy markets. Volatility has once again returned following UK and European gas prices falling to three-year lows. UK gas prices have increased over 20% in a space of a week and half back to levels not seen for a month, despite the market being well supplied. […]
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Spring Budget receives industry backlash
The Association for Renewable Energy and Clean Technology (REA) has voiced its dissatisfaction with the measures outlined in the Spring Budget, stressing the need for broader support for the UK’s transition to a net zero economy. While the REA welcomed certain targeted policies, including an increase in the Contracts for Difference (CfD) budget to over […]
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OVO urged to review job cut plans
The trade union UNISON has called on energy company OVO to suspend its plans for job cuts and seek alternative measures to address its challenges. Following an internal announcement on Tuesday indicating a potential 250 job losses, UNISON’s head of business, Donna Rowe-Merriman, expressed concern over the lack of explanation provided by OVO for the […]
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England’s top solar hotspots unveiled
Fresh data examining the installation of solar panels on homes since the start of 2023 has unveiled the top five most solar-savvy regions in England. Insights from the industry standards organisation, the Microgeneration Certification Scheme (MCS), show that South Cambridgeshire leads the way with a 1.86% growth, followed by St Albans (1.64% growth), Westmorland and […]
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Nearly 60% of Scots worried about bills this year
Six-in-ten Scots are worried about paying their bills this year, including mortgage repayments, rent and energy costs. That’s according to a recent Survation poll, commissioned by Advice Direct Scotland, which shows that among those in debt, 17% are behind on payments, with energy bills, credit cards, and council tax being common debts. The poll, conducted […]
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UK power connections queue could hit 800GW by end of 2024
The ESO faces challenges as the connections queue for power projects grows, possibly reaching 800GW by year-end 2024. Originally designed for a simpler energy landscape, the connections process now lags behind the rapid evolution of the UK’s decarbonising electricity system, leading to inefficiencies and delays. Despite efforts to expedite connections and streamline the process, including […]
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National Express trials new electric coach
National Express has announced plans to trial Yutong’s latest electric coach, the GTe14, marking the first time a UK scheduled coach operator has done so. The collaboration aims to introduce the tri-axle battery-electric coach into service next week after training, following a successful trial of Yutong’s TCe12 model in 2020. During the four-week trial, the […]
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India shines: 1.7GW of rooftop solar added in 2023
India added 1.7 gigawatts (GW) of rooftop solar capacity in 2023, representing a 3.7% increase from the previous year. That’s according to the newly released Mercom India Rooftop Solar Market Report, which suggests residential installations emerged as the primary contributor to this growth, although commercial and industrial consumers exhibited cautious investment behaviour. Rooftop solar tenders experienced […]
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Ofgem greenlights cable links to power millions of homes
Ofgem has provisionally recommended approval for projects aimed at powering millions of homes through high-voltage cable links to Europe. Two consultations have been launched for the proposed projects: LionLink, connecting British and Dutch power grids with Dutch wind farms and Tarchon Energy interconnector linking Germany and Britain. These projects could add 3.2GW of capacity to […]
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Utilita cleared for forced prepayment meter installations
Ofgem has announced that Utilita has now fulfilled the necessary conditions to resume involuntary installations of prepayment meters (PPMs) on customers who are struggling to pay their bills. The energy regulator has emphasised that suppliers are obligated to explore all options to assist struggling customers before considering such measures. An Ofgem spokesperson said: “We’ve made […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas