News
News
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Global offshore wind hits record growth
The global offshore wind industry demonstrated remarkable progress in 2022, adding an impressive 8.8GW of clean energy capacity to global grids. According to the recently published Global Offshore Wind Report 2023 by the Global Wind Energy Council (GWEC), countries will build an extensive 380GW of new offshore wind capacity by 2032. Nearly half of this capacity […]
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Is Octopus about to snatch Shell Energy’s customers?
Octopus Energy is reportedly on the brink of sealing a deal to take over Shell Energy‘s extensive household energy customer base. Sky News has learned that Octopus Energy is emerging as the prime contender for this strategic acquisition. According to reports, Octopus Energy is currently aiming to secure Shell Energy’s 1.4 million customers, aiming to […]
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Paws and pipes: Dogs hunt down leaks in heat networks
Dogs that are trained to sniff out leaks? Swedish energy company Vattenfall is trying something new to find water leaks in its underground heating pipes in The Netherlands. A Netherlands-based company with expertise in training dogs for detection played a pivotal role in assisting Vattenfall in bringing its concept to fruition. During training, the dogs […]
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Energy brokers’ battle against phishing risks and claims pressure
The Interim Chief of The Energy Consultants Association has drawn attention to the unregulated energy claims industry’s susceptibility to phishing threats. In an interview with Energy Live News, while discussing recent allegations against energy brokers and consultants, the chief emphasised the necessity for regulatory oversight in this sector. Mr Chris Shaw said: “I remind everybody […]
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Ofgem delays ending SoLR payment process amid energy supplier backlash
The UK’s energy regulator, Ofgem, has announced a decision to postpone its plans to end the temporary Last Resort Supply Payment (LRSP) multi-claim process. This move comes in the wake of opposition from energy suppliers who pushed back against the proposed reversion to the single claims process. Ofgem explained that they have opted to maintain […]
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Octopus’ new scheme: Paid to use electricity
Octopus Energy‘s latest initiative, known as ‘Power-ups,’ has resulted in numerous customers benefitting from complimentary electricity. The scheme encouraged participants to use electricity during a designated two-hour timeframe. Almost 16,000 customers were rewarded with energy credits, and some fortunate individuals received free electricity valued at up to £17. Additionally, the top 5% of participants were […]
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Ofgem gives go-ahead for energy suppliers to raise profit margins
Ofgem has confirmed today that energy suppliers will be permitted to make adjustments to their profit margins within the price cap framework. The decision comes as part of Ofgem’s ongoing efforts to ensure a balanced and competitive energy market. Under the revised terms, energy companies are allowed to increase their profit margins by approximately £2 […]
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Scottish scientists score £1m to trap CO2 in volcanic rocks
A scientific team is engaged in a study to establish the feasibility of a technique that involves the conversion of captured carbon dioxide (CO2) into minerals through the utilisation of basalt volcanic rock. The team has been granted £1 million by the UK Government to examine innovative methods for tracking carbon dioxide (CO2) storage within […]
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Concerns arise over UK’s regional energy pricing proposal
Renewable energy trade associations, including RenewableUK, Scottish Renewables, and Solar Energy UK, have raised concerns about the potential implications of the “locational marginal pricing” scheme, which could drastically alter the energy market. This proposal is currently under consideration by the UK Government and energy regulator Ofgem as part of a review of the electricity market. […]
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Latest Jobs – Senior Energy and Renewables Originator
This role reports directly to our head of strategic accounts and will be responsible for new business and renewal sales of standard and bespoke PPA/GPA contracts. This role will work collaboratively to Identify cross-sell opportunities through cooperation with the TGP Energy Supply Sales Teams, developing joint visits to take advantage of existing Account Manager relationships […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas