News
News
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EU approves €6.5bn German scheme to address carbon leakage risks
The European Commission has approved a €6.5 billion (£5.6bn) German scheme to address carbon leakage risks for energy-intensive companies as a result of the national emissions trading system (ETS). The measure will partially compensate energy-intensive firms exposed to international competition by covering part of the higher fuel prices resulting from the German fuel ETS incurred […]
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UK unveils energy cafes and ‘green doctors’ to slash bills
More than 125,000 consumers are set to benefit from personalised face-to-face guidance on enhancing home energy efficiency, thanks to a new wave of initiatives. Backed by £20 million in government funding, these services are aimed at assisting households facing energy efficiency challenges. The programmes will address individuals residing in hard-to-treat homes, including historic listed buildings […]
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Solar steam company GlassPoint raises $8m in latest funding round
Solar steam firm GlassPoint has secured $8 million (£6.3m) in its latest investment round to support the decarbonisation of industrial process heat at scale. The company’s solar steam solution, which uses concentrated solar arrays housed in glass greenhouses to produce steam at gigawatt scale instead of natural gas, is available for a range of hard-to-abate […]
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UK renewable energy update: Decline in ROCs issued
Renewables Obligation Certificates (ROCs) have witnessed a decline, as reported by the government. ROCs serve as evidence of renewable energy supply to UK customers. The number of ROCs issued to accredited generators has decreased by 6.5% in the first quarter of 2023 in comparison to the same period in 2022. This reduction is mirrored in […]
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UK energy price cap: “Consumers hit hard as competition wanes”
The energy price cap (EPC), initially introduced to protect consumers, might be having unintended effects, says a recent study by the Centre for Policy Studies. According to the report, the EPC, designed to prevent unfair pricing, could actually be limiting competition. This might result in fewer choices for consumers and possibly higher costs than expected. […]
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E.ON reports £6.9bn surge in UK sales amidst European dip
Energy giant E.ON has revealed a surge in its UK sales, with figures showing a rapid increase to nearly £18.1 billion compared to £11 billion the previous year. In contrast, the European markets have witnessed a slight downturn, with a 1% drop in sales, bringing the total to approximately £44.8 billion for the half-year period. […]
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Free electricity boost for UK homes
Households in select areas of the South and East of England will soon be offered free electricity when renewable energy is abundant. Octopus Energy has joined forces with UK Power Networks to unveil the ‘Power-ups’ initiative – the offering aims to revolutionise how households consume energy by harnessing surplus power from sources like solar and […]
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Stanlow Terminals and Eni UK team up for CO2 transport and storage facility
A new partnership to explore the establishment of an open-access CO2 transport and storage terminal in North West England has been announced. Stanlow Terminals and Eni UK have signed a memorandum of understanding for the project, which would be capable of receiving, gathering and storing CO2 from industrial emitters and other sources via shipping from […]
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Iberdrola signs €500m green loan for UK offshore wind farm
Iberdrola has secured a new €500 million (£431m) green loan that will be used for the construction and development of an offshore wind farm in the UK. Granted by Citi and partly guaranteed by the Norwegian Export Credit Agency (Eksfin), the loan will support the energy firm’s East Anglia Three offshore wind project, which will […]
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Wales launches new publicly-owned energy company
A new publicly-owned energy company that focuses on community renewable initiatives has been launched by the Welsh Government. Ynni Cymru, based at the M-SParc site at Anglesey, is part of the Labour Government’s co-operation agreement with Plaid Cymru. It aims to expand community-owned renewable energy projects, with early scoping work indicating a “strong opportunity” for […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas