News
News
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Octopus unveils rewards to encourage energy usage reduction
Octopus Energy has expanded its rewards programme. The programme, boasting more than a million participants, enables customers to earn ‘Octopoints’ by reducing energy usage during peak times or maintaining a healthy energy account. The rewards include a weekly hot drink at Greggs, a two for £10 weekly cinema ticket deal at ODEON and quarterly day […]
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Space reflectors could supercharge solar farms
Reflectors positioned in orbit around Earth might hold the key to optimising large-scale solar farms, according to research from the University of Glasgow. In a paper published in Acta Astronautica, the team details how sophisticated computer simulations were employed to explore the effectiveness of orbiting solar reflectors. Placing 20 gossamer-thin reflectors in orbit at a […]
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Ofgem probes wind farms over £51m output
Energy regulator Ofgem has initiated an investigation into claims that certain UK wind farms may have contributed to an overstatement of nearly £51 million in taxpayer bills since 2018. The investigation follows a Bloomberg report, revealing that some wind farm operators have been exaggerating their electricity generation forecasts. This practice results in increased payments to […]
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Octopus Energy chief warns billions may go overseas
Octopus Energy‘s Chief Executive Officer, Greg Jackson, has expressed concerns over prolonged delays in UK grid connections and planning hurdles. The boss of the energy giant suggests that these challenges may lead the company to consider investing billions overseas, as he highlights the comparative ease of initiating energy projects in France and Germany. In an […]
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British Gas launches ‘UK’s cheapest’ EV charging rate
British Gas has launched Hive SmartCharge, offering electric vehicle (EV) users what is described as the country’s lowest rate at 4p/kWh. Users stand to save up to £298 annually, automatically credited to their energy bills. Users can save on electric vehicle charging costs by activating the free SmartCharge feature in the Hive app. British Gas […]
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UK energy network operators to offer over 700 apprenticeships
More than 700 apprenticeships are set to be offered by the UK’s energy network operators in 2024, according to data released by the Energy Networks Association (ENA) to mark Apprenticeship Week. These apprenticeship opportunities cater to individuals at various career stages, providing entry points for those starting their careers or looking to retrain in the […]
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NI energy supplier slashes prices by 9%
Budget Energy has announced a 9% reduction in its domestic variable unit rate, effective 1st March, responding to decreased wholesale energy costs. The reduction applies to both prepay and bill pay customers, offering an annual saving of approximately £110 (incl VAT) for prepay and £111 (incl VAT) for bill pay customers. Sean O’Loughlin, General Manager […]
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Major energy storage boost approved in Scotland
Alcemi has been granted planning permission for 1.5GW of energy storage projects in Scotland. This approval, covering one of the world’s largest initiatives, is a collaborative effort with Copenhagen Infrastructure Partners (CIP) through their Flagship Funds. These projects aim to play a pivotal role in supporting the transmission system by addressing network constraints and facilitating […]
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Monthly energy bill charge shocks customer at £244,000
Ofgem has urged energy suppliers to promptly address billing errors, following a significant billing error that resulted in a man, being charged £244,000 via direct debit. Patrick Langmaid, the owner of a holiday park, normally pays £2,500 monthly, but a meter error generated an automatic invoice collecting the inflated amount from his business account. TotalEnergies, […]
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ESO launches early constraint service to slash consumer energy bills
The ESO has initiated an early constraint management service in East Anglia, set to reduce consumer energy bills. Contracts have been awarded to three generating companies with ten units, beginning in February 2024. The service, following the success of its Anglo-Scottish counterpart, aims to save around £20 million in consumer costs before the full launch […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas