News
News
-
Energy bill payment failures surge by 39%
The Office for National Statistics released figures on Thursday highlighting a significant rise in the number of British households grappling with energy bill payments. The data shows a striking 39% increase in failed energy bill payments last month compared to the same period a year ago, underscoring ongoing economic pressures despite a recent decrease in […]
-
UKPN boosts flexibility market strategy
UK Power Networks DSO has partnered with EPEX SPOT for its flexibility market. The collaboration, selected through a competitive process, brings EPEX SPOT’s expertise to enhance the flexibility market and attract more participants. UK Power Networks DSO, committed to £410 million in customer savings by 2028, has saved £60 million in 2023 by prioritising flexibility […]
-
Port of Middlesbrough welcomes first shipment of recyclable fuel pellets
AV Dawson, owner of the Port of Middlesbrough, has received its first international shipment of 7,000 tonnes of recyclable fuel pellets. Processed by Waste Knot Energy (WKE), these pellets, derived from recycled industrial plastics, serve as a more sustainable alternative to coal. Charlie Nettle, AV Dawson’s group Managing Director, said: “This revolutionary new product is […]
-
Power prices plummet in Ireland
A recent update on Ireland’s power market reveals a significant 18% drop in price forecasts for 2024. According to Cornwall Insight, this reduction is tied to higher-than-expected gas reserves in the EU, easing concerns about winter shortages and leading to lower energy costs. The data, part of Cornwall Insight’s 2023 forward curve, indicates a €34 […]
-
GB power savings of £24bn with long duration energy storage
Highlighting the significance of long duration energy storage (LDES) in the GB power system, LCP Delta’s analysis points to an expected surge in renewable energy in 2035. The study indicates a potential excess of energy for up to 64% of hours, a marked increase from the 14% observed in 2023. LDES, encompassing technologies like interconnectors […]
-
2023: warmest year on record
In 2023, the global temperature reached a historic high, confirming it as the warmest year on record, driven by human-induced climate change and amplified by the natural occurrence of El Niño, according to the EU’s climate service. The year was approximately 1.48°C warmer than the long term average before significant fossil fuel consumption began. Professor […]
-
Alok Sharma opposes government’s oil and gas bill
Alok Sharma, the former Business and Energy secretary and ex-COP26 chair, has stated that he will not be endorsing Rishi Sunak‘s oil and gas bill. The bill, scheduled for parliamentary debate on Monday, proposes an annual licensing regime for oil and gas exploration contracts. Its introduction has sparked controversy within the green faction of the […]
-
Iberdrola secures €300m green loan for emerging market renewables
Iberdrola has obtained a €300 million (£258m) green loan to support renewable energy projects in emerging markets, including Morocco, Poland and Vietnam. The International Finance Corporation, the private sector investment arm of the World Bank, is facilitating this financial support. An allocated €170 million (£146m) will be directed towards onshore wind projects in Poland. Ongoing […]
-
UK breaks wind power records
In December, wind energy played a significant role in the UK’s electricity generation, constituting 41.2% of the total share. On 21st December, a new wind power record was set. During the half-hour period from 8:00 to 8:30 am, 21.8GW of electricity was generated, constituting 56% of the nation’s total output. Throughout the month, wind energy […]
-
UK invests £300m in high-tech nuclear fuel programme
The UK has announced a £300 million investment to establish a high tech nuclear fuel programme. The programme is designed to produce specialised fuel for advanced nuclear reactors, part of the UK’s plan to achieve up to 24GW of clean nuclear power by 2050. This initiative aims to reduce reliance on Russian nuclear fuel, as […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas