Global energy markets at risk amid Red Sea tensions
Experts caution against potential global impacts on energy markets due to escalating tensions in Yemen, citing a temporary surge in oil prices and disruptions to trade routes. An industry analyst has issued a stark warning about the potential risks facing global energy markets amidst escalating tensions in Yemen and the Red Sea. In an interview with […]
Centrica unveils plan to slash energy usage
Centrica has partnered with The Pirbright Institute to implement an on-site technology plan aimed at reducing net energy use by over 10% by 2026. Centrica Business Solutions has partnered with The Pirbright Institute to implement sustainable on-site technology, aiming to reduce its net energy use by over 10% by 2026. The installation of a Combined Heat and Power […]
Nearly 20k respond to Ofgem’s standing charges consultation
The energy regulator aims to address customer concerns about fixed daily fees and explore potential changes to the system. The energy regulator Ofgem has received a significant response to its call for views on standing charges, reflecting customer frustration over the fixed daily fee. Ofgem reported that 20,000 people have participated in the consultation, which closes later this […]
Businesses urged to rethink energy strategies amid Red Sea unrest
Consultants suggest businesses rethink how they use energy due to conflicts in the Red Sea, recommending ways to save money and deal with uncertainties. Commercial energy and sustainability consultancy, Advantage Utilities, is advising businesses to reconsider their energy options in the wake of recent attacks impacting shipping routes in the Red Sea. As freight companies divert around Africa […]
Green grants to support businesses in net zero push
A new project aims to assist up to 90 local businesses in baseline emissions assessment, action plan development, and transitioning to net zero over the next 18 months. The Mid South West (MSW) region has secured a £300,000 grant through Innovate UK’s Fast Followers programme, aimed at supporting local businesses on their journey towards achieving net zero emissions. In […]
Ofgem: £77m recovered in crackdown on energy suppliers
In 2023, Ofgem collected £77.2 million in fines, customer refunds and compensation from energy companies. In 2023, Ofgem executed enforcement actions that resulted in the recovery of £77.2 million from various energy suppliers. This figure signifies a notable increase from the £27.3 million retrieved in the previous year. The collected funds encompass fines, customer refunds, compensations and alternative […]
Ofgem takes action on EDF “billing problems”
The energy regulator has responded to reports of billing problems at EDF, instructing the company to investigate and confirm the issue’s scope. Ofgem has taken prompt action in response to reported billing issues at EDF. Ofgem has engaged with EDF, directing them to thoroughly investigate and verify the extent of the problem. Emphasising urgency, Ofgem has also sought […]
UK commits £6bn for home and business energy efficiency
Around a million homes are set to receive a boost in energy efficiency, with targeted support for 200,000 low income households and an additional £1.5 billion allocated for the Boiler Upgrade Scheme. The UK Government is set to provide extensive support, backed by £6 billion, to enhance energy efficiency for approximately a million families and hundreds of […]
UK fossil fuel electricity hits lowest since 1957
The UK’s electricity generated from fossil fuels in 2023 dropped by 22% year on year, reaching the lowest level since 1957 at 104 terawatt hours, according to new analysis. The UK experienced a notable reduction in electricity generated from fossil fuels in 2023, marking the lowest level since 1957. That’s according to Carbon Brief analysis, which suggests the 22% […]
‘Urgent action needed to halt supplier failures and rising bills’
Consultants suggest urgent measures, such as social tariffs, to prevent further harm to both suppliers and vulnerable consumers. The energy price crisis has left millions of households struggling to meet their bills, even with a recent decline in prices. In response to Ofgem’s recent announcement on the recovery of bad debt, consultancy Cornwall Insight suggests urgent measures are needed to prevent […]
