News
News
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Masdar inks mega 1GW green energy deal in Azerbaijan
UAE-based energy giant Masdar has signed agreements for solar and wind energy projects in Azerbaijan, collectively amounting to 1GW in capacity. These agreements follow the inauguration of the Garadagh Solar Park, which boasts the distinction of being the largest operational solar plant in the region, with a capacity of 230MW. Azerbaijan aims to derive more […]
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OVO customers could save £160 this winter
OVO has unveiled its participation in the National Grid ESO’s Demand Flexibility Service (DFS), introducing “Power Move Plus” to reward customers who adjust their energy consumption to support grid stability during the winter. Operating from 1st November to 31st March 2024, customers using “Power Move Plus” have the potential to earn up to £100 by […]
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Ofgem approves ESO’s Demand Flexibility Service for this winter
Energy regulator Ofgem has granted approval for the Demand Flexibility Service (DFS) from the ESO, which will be available from 30th October. The ESO’s Demand Flexibility Service aims to incentivise households with smart meters and industrial or commercial users to flexibly adjust their electricity usage, helping manage the energy system during critical periods this winter. […]
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Nearly one million Octopus customers cash in on smart savings
Octopus Energy noted that more than one million of its customers have benefited from energy efficiency and demand flexibility services. More than 300,000 customers have adopted Octopus’ innovative smart tariffs, facilitated by the use of smart meters. These tariffs incentivise customers to use energy during off-peak hours when it is more cost-effective and environmentally friendly. […]
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Tesla strikes $100m EV charging deal with bp
bp’s EV charging business, bp pulse, has entered into a $100 million (£82.6m) agreement with Tesla to integrate Tesla’s ultra-fast charging hardware into the bp pulse network. The investment is part of bp’s broader plan to invest up to $1 billion (£830m) in EV charging infrastructure across the US by 2030. The Tesla ultra-fast chargers, […]
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UK to revamp EV charging infrastructure rules
The government is advancing its efforts to establish future transport regulations with a focus on zero emission vehicles. Following a recent consultation, the Department for Transport plans to update local transport plans. This involves integrating local electric vehicle (EV) charging strategies and providing charging points by local transport authorities (LTAs). The government also seeks the […]
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Shell to reduce workforce and downsize hydrogen operations
Shell is set to reduce its low carbon division workforce by approximately 15% and scale back its hydrogen business, as reported by the company to Reuters on Wednesday. Around 200 jobs are scheduled to be cut, with an additional 130 positions under review, all aimed at simplifying and reducing the headcount within the unit, according […]
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‘UK’s cheapest’ EV energy tariff unveiled
EDF has teamed up with EV charging operator, Pod Point, to introduce the “UK’s most affordable” electric vehicle (EV) charging tariff. This new tariff, exclusively available to new Pod Point home customers who opt for EDF as their energy provider, offers a low rate of 7.4 pence per kilowatt hour for energy consumed between midnight […]
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Offshore wind auction failure may hike wholesale energy prices by 20%
The most recent UK offshore wind auction has raised concerns about the country’s ability to achieve its climate targets, which could result in significantly higher power prices and increased carbon dioxide emissions. That’s according to new analysis by academics from Imperial College London, in collaboration with Drax Electric Insights. Inflationary pressures led to the auction’s […]
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Amazon adds 39 renewable energy projects in Europe
Amazon has announced the addition of 39 new renewable energy projects in Europe this year, contributing over one gigawatt (GW) of clean energy capacity to the continent’s grids. These projects are part of Amazon’s ambitious plan, which already encompasses more than 160 wind and solar initiatives across 13 European countries. When all these projects become […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas