News
News
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Gas connection ban for new homes in Australian state from next year
Victoria’s Labour government in Australia, led by Daniel Andrews, will ban new homes from connecting to natural gas to cut carbon dioxide emissions by half by 2030. The policy will be enforced from 1st January 2024 – officials estimate that the move will lead to yearly energy bill savings of up to AUD$1,000 (£518) for […]
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UK suppliers prepare for high energy switching volumes
More energy customers are predicted to change their suppliers in the coming months. Energy UK has just published a new guide with tips for companies that have committed to the Energy Switch Guarantee (ESG). In 2022, there were fewer people switching their energy providers, but that’s expected to change as the market stabilises in 2023 […]
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High Court upholds ULEZ expansion: What next for the scheme?
The High Court has upheld the expansion of the ultra low emission zone (ULEZ) to outer London boroughs, deeming it lawful. The decision came after five Conservative-run councils initiated legal action against the expansion back in February. In his ruling summary, Mr Justice Swift expressed his satisfaction with the mayor’s decision to expand the ULEZ […]
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Global meltdown: July set to break heat records
July 2023 is set to be the hottest month on record. According to the latest data from the EU-funded Copernicus Climate Change Service, the first three weeks of July have already broken records, with temperatures soaring to unprecedented levels in North America, Asia and Europe. The extreme heat has been linked to widespread heatwaves in […]
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UK household electricity and gas demand plunge
In 2022, UK homes reduced their energy consumption due to rising energy prices and high temperatures. That’s one of the key findings of the new Digest of UK Energy Statistics report, which suggests the drop in household energy use was most noticeable in the final quarter, with gas consumption falling by 14% and electricity by […]
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Shell second quarter profits plunge over 50% amid energy price drop
In the second quarter of its financial year, Shell reported a decline in net profits, with figures dropping by over 50% compared to the same period last year. During this three-month period ending in June, Shell’s net profits amounted to over $5 billion (£3.8bn), a drop from the $11.5 billion (£8.8bn) achieved in the previous […]
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British Gas: £969m record profit amid price cap increase
British Gas, the UK’s largest energy supplier, has reported a profit of £969 million for the first half of 2023. This figure represents an extraordinary surge of nearly 900% compared to the same period last year when the profit was £98 million. A few days ago, Energy Live News reported that British Gas is poised […]
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Smart meters switched to expensive tariffs
Hundreds of thousands of households with smart meters have experienced remote switches to more expensive prepayment plans over the course of the last six years. According to The Telegraph, almost 350,000 smart meters were remotely switched between 2017 and 2023. Ofgem is set to take action by proposing new rules to establish a “minimum standard.” […]
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Ireland announces support for winter energy bills
The Irish Government has confirmed plans to extend a helping hand to households and businesses, as they prepare for the winter months. Taoiseach Leo Varadkar announced that financial support will be offered to alleviate the burden of high energy bills during the colder season. While there is optimism about electricity and gas prices falling, the […]
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“Rising temperatures could be beneficial for UK”
In a recent House of Lords debate on climate change, Lord Frost ignited a heated discussion by advocating for a different approach to combat the impacts of rising temperatures. Lord Frost questioned the common argument that not acting on climate change would result in even higher costs. Instead, he urged the consideration of adaptation as […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas