News
News
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‘North Sea moratorium equals one offshore wind farm’
A new study reveals that implementing a moratorium on new North Sea gas fields would have the same impact as building just one offshore wind farm. The study by the Energy and Climate Intelligence Unit (ECIU) indicates that by halting new gas field developments, gas production by 2030 would decrease by 15%. A recent survey […]
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Smart meter rollout remains years behind schedule, warns National Audit Office
The Department for Energy Security and Net Zero (DESNZ) has encountered difficulties in meeting its latest targets for the smart meter rollout, according to a report by the National Audit Office (NAO). While progress has been made, the report reveals challenges faced by the DESNZ in achieving its goals, including a shortage of installation engineers […]
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Fixed energy tariff challenges July price cap
A major energy supplier has announced the launch of a competitive fixed energy deal that offers a lower price compared to the upcoming price cap set to take effect in July. So Energy is offering a 12-month fixed tariff priced at £2,047, which is £27 cheaper than the average cost of bills set to take […]
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UK space-based solar energy takes off!
The government has today unveiled plans to invest £4.3 million in the emerging space-based solar power sector. Space-based solar power works by harnessing energy from the Sun using panels on satellites, which then safely transmit the collected energy back to Earth. The new financial injection will enable universities and tech companies to push forward with […]
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EDF supports small businesses by joining ‘blend and extend’ initiative
EDF has joined the Federation of Small Businesses‘ ‘blend and extend’ initiative, offering small business clients the opportunity to save money on high-cost fixed tariffs. This initiative allows businesses locked into expensive contracts to adjust their agreements and spread the higher costs over a longer period. EDF follows in the footsteps of British Gas, ENGIE […]
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Legal action threatens energy suppliers over ‘hidden’ broker fees
Law firm JMW Solicitors has announced its intention to take legal action against major energy suppliers. The lawsuit is on behalf of hundreds of businesses affected by long term energy deals, which had allegedly hidden fees charged by brokers. According to JMW, these brokers also got paid by the energy companies without customers knowing or […]
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Heatwave warning: Britons face £50 weekly surge in electricity bills
Britons are being cautioned about a significant surge in electricity bills as the first heatwave of the year hits the country. The cost of staying cool has soared by over 75% in the past two years due to the ongoing energy crisis, prompting households to be mindful of the financial impact when using fans or […]
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ESG supercharges energy industry footprint with Pandell acquisition
ESG, a global leader in energy SaaS solutions, has announced the acquisition of Pandell, a next-generation software platform for the energy sector. ESG, a leading provider of energy sector solutions, offers unparalleled market and meter data management to facilitate the energy transition. With a focus on utilities, pipeline and storage and retail energy providers, ESG […]
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Government rejects interim targets for hydrogen production
The UK Government has turned down the Scottish Affairs Committee’s proposal to set interim targets for hydrogen production as part of the country’s plan to achieve net zero emissions by 2050. The committee had previously recommended the establishment of these targets to ensure progress towards the ambitious environmental goal. In its response to the committee’s […]
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Energy firms ‘impersonate National Grid in unsolicited marketing calls’
Two energy companies, Maxen Power Supply Ltd and Crown Glazing Ltd, have been fined a total of £250,000 by the Information Commissioner’s Office (ICO) for engaging in unlawful marketing practices. The ICO discovered that these companies bombarded individuals and businesses on the UK’s ‘do not call’ register with unsolicited marketing calls. Both Maxen Power Supply […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas