Energy suppliers fined £10.8m for missing smart meter targets
Energy suppliers, including British Gas, OVO, Bulb, E.ON, ScottishPower and SSE, will pay a combined penalty of £10.8 million for failing to meet smart meter installation targets in 2022. Energy suppliers, including British Gas, OVO, Bulb, E.ON, ScottishPower and SSE, will collectively pay £10.8 million in penalties for failing to meet smart meter installation targets in 2022. These companies missed the […]
“Long-duration energy storage could slash industrial emissions by 65%”
Industrial emissions account for nearly a quarter of global greenhouse gases, presenting hurdles in reaching net zero targets, according to a report. Long-duration energy storage (LDES) technologies have the potential to reduce industrial emissions by up to 65%. That’s according to a report by the LDES Council and Roland Berger, which suggests industrial activities contribute about a […]
‘Energy suppliers hold £8bn in overpaid customer funds’
Both households and businesses using fixed direct debits contribute to this sum. Energy companies are under scrutiny as customers, holding a staggering £8.1 billion in credit, encounter obstacles to reclaiming overpaid funds. Ofgem‘s data for the first quarter of the year reveals substantial credit balances, primarily from businesses and households using fixed direct debits to cover energy bills. Consumers facing credit […]
ESO cracks down on 144 ‘zombie’ projects, threatening termination
The Electricity System Operator will have the authority to terminate these projects if they fail to demonstrate progress against their milestones. The electricity system operator (ESO)could soon take decisive action against 144 ‘zombie’ projects. This follows the new rules announced yesterday by Ofgem to accelerate grid connections in the UK. The new rules, announced by Ofgem, grant the ESO the authority […]
UK’s £20bn carbon capture plan risks fossil gas dependency
New research warns that the UK Government’s carbon capture and storage policy heavily favours ‘blue’ hydrogen projects, raising concerns about prolonged reliance on fossil gas. The UK Government’s £20 billion carbon capture and storage (CCS) policy is facing criticism for potentially deepening the country’s dependence on fossil gas. That’s according to new research by the Institute for […]
UK energy consumption falls as renewables dip
Government data shows that UK energy consumption dropped 4.0% in June to August 2023, indigenous energy production fell 7.6% and renewables in electricity generation declined by 4%. Primary energy consumption in the UK, when assessed on a fuel input basis, exhibited a 4% reduction during the three-month period spanning June to August 2023 in comparison to the […]
Energy Minister praises approval of 27 new oil and gas licences
Energy Minister Claire Coutinho states that the approval of new North Sea drilling licences will contribute to the reduction of the UK’s energy import dependence. The North Sea Transition Authority (NSTA) has approved 27 new licences for oil and gas exploration in the North Sea. The licences, awarded from a pool of 115 applications, represent the highest number granted […]
UK carbon price decline raises concerns
The UK’s declining and volatile carbon prices have raised concerns about their impact on clean energy investment, lost Treasury revenue and potential carbon taxes. The UK is experiencing the consequences of its declining and unpredictable carbon prices, which have the potential to deter investments in clean energy, result in significant revenue losses for the Treasury and […]
Europe’s LNG supply faces pressure from China and rising prices
Europe’s LNG supply faces challenges, especially due to surging Chinese demand, potentially leaving Europe vulnerable to shortages this winter and beyond, according to a new report. Europe’s liquefied natural gas (LNG) supply faces challenges due to increased competition from China and rising prices in the gas market. That’s according to a new report from Cornwall Insight, which suggests China’s growing gas demand, […]
Major design contract for Sizewell C nuclear power station secured
AtkinsRéalis has secured a design contract for the Sizewell C nuclear power station in Suffolk, encompassing key elements of the project. AtkinsRéalis has been awarded a design contract for key components of the Sizewell C nuclear power station in Suffolk, in support of the project’s development. The contract covers the design of critical elements of […]
