News
News
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‘Petrol up 3p, diesel 4p in three weeks’
Recent data from the RAC shows that petrol prices have risen by 3p and diesel by 4p in the past three weeks, impacting the cost of refuelling for families. This upward trend concerns drivers, with unleaded rising by 3.2p from 140p on January 29 to 143.4p on February 18, and diesel climbing from 148p to […]
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Ofgem’s price cap: What’s next for billpayers?
Ofgem, the UK’s energy regulator, is preparing to announce a new energy price cap later this week. The price cap sets the maximum amount that households can be charged for their energy use based on average spending. Currently, the price cap is £1,928 annually, up £94 from the previous level. Analysts forecast a potential decrease […]
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Massive Cheshire battery project gets go ahead
Balance Power has secured planning approval for a 40MW battery storage project in Cheshire, enhancing grid stability and supporting renewable energy integration. Located in Cheadle, the project aims to store renewable energy during peak generation periods and redistribute it to the grid during times of high demand, ensuring reliable energy supply for approximately 90,000 homes. […]
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‘Government energy bill support crucial to avert household crisis’
The UK faces a crisis in household finances, with a fuel poverty charity warning of millions of low income and vulnerable households on the edge of financial difficulty. The Fuel Bank Foundation, which supports households unable to afford prepayment gas and electricity top-ups, urges government intervention to help struggling families. With the imminent end of […]
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April price cap predicted at £1,635
Cornwall Insight has released its final forecast for the April – June default tariff cap (price cap). The predicted price cap for April is £1,635 per annum for a typical dual fuel household, marking a 15% (£293) reduction from the current level of £1,928 per year. This forecast includes the new £16 bad debt allowance, […]
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MPs raise concerns over gigafactory support
The Business and Trade Committee has released the government’s response to its batteries and electric vehicles (EVs) report, highlighting concerns over the support for gigafactories. Committee Chair Liam Byrne emphasised that the government’s plan falls short of meeting key tests, risking the UK’s automotive sector and 160,000 jobs. In its report, the committee also raised […]
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New robot deployed for electrical fault detection
SSEN Transmission is set to introduce a new robot at the Blackhillock high voltage direct current (HVDC) switching station in Keith, marking its first use in Scotland‘s electricity transmission network. The robot aims to monitor and inspect electrical equipment, aiding in the identification of faults and future maintenance needs within the HVDC converter stations. Tania […]
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Seas of speed at world’s largest offshore wind farm
Boldyn Networks, in partnership with Ørsted, is set to enhance connectivity at the Hornsea 3 offshore wind farm, slated to be the world’s largest. The project, located 160 kilometres off the UK’s east coast, aims to provide high-speed mobile network infrastructure to support construction activities and ensure communication for workers. The wind farm, boasting up […]
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SSEN secures £30m flexibility deals
Scottish and Southern Electricity Networks (SSEN) Distribution announces agreements totalling £30 million to facilitate rapid procurement of flexibility services in regions facing capacity challenges. These agreements cover flexibility services in both SSEN’s central southern England and north of Scotland licence areas. The agreements span eight years until 2032, with competitive bidding for delivery of defined […]
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Webinar – Power Market Updates from EDF on 22nd February – 10:00am
If you’re a business that would like to understand the latest developments in the UK power market, join us for this 45 minute #TalkPower webinar with James Chaplin, Senior Manager for Curve Trading. James will share a view of the current power market and what’s driving prices whilst giving you the opportunity to ask questions. When: Live on […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas