Not so good – Good Energy fined £150K
Ofgem issues fine for failure to refund credits or issue bills to prepayment customers Good Energy has been hit with a £150,000 compensation and redress bill after failing to refund credit balances or issue final bills to thousands of prepayment meter customers. Between 2014 and October 2023, Ofgem says 2,284 prepay customers were left out […]
Hornsea collapse puts wind sector into a spin
Ørsted have pulled the plug on huge wind project so does that mean the sector is in crisis? The end of Hornsea 4 windfarm announced by Ørsted yesterday has sent a shockwave around the offshore wind sector. It’s also severely dented the government’s green ambitions. The Danish energy giant said the numbers just didn’t stack up to […]
Could solar car ports save drivers £28 grand?
Labour to ask the sector if its worth investing in public car ports to power EVs and local firms Motorists and businesses could soon cash in on cheaper charging and lower energy bills as the government launches a call for evidence to explore solar canopies in car parks across England, Wales and Northern Ireland. An […]
Ørsted kills off Hornsea 4
CEO says supply chain challenges, costs and delivery times make it unprofitable to continue Ørsted has pulled the plug on its massive Hornsea 4 offshore wind project, citing soaring costs, high interest rates and increased construction risks as the key reasons behind the move. The 2.4 GW development off the Yorkshire coast, which secured a Contract […]
UK Energy Market Update: Early May
Energy markets continued their downward trend during late April, shaped by softer demand. However, prices started increasing again in early May, mainly driven by cooler weather forecasts and receding chance of the recession. Geopolitical factors remain a source of volatility across power and gas markets. Electricity Market Movements Economic uncertainty influenced energy markets, causing UK […]
Euronext launches ‘New kind of ESG’
Euronext exchange unveils new indices, around energy security and geostrategy Euronext has launched a sweeping initiative to support Europe’s strategic autonomy, introducing a new ESG focus: Energy, Security and Geostrategy. Announced across its European markets, the “New ESG” aims to enhance financing for sectors critical to European sovereignty and resilience. Euronext is a massive exchange […]
Builders warn solar panel mandate risks collapse without grid funding reform
SME housebuilders say mandatory rooftop solar is unworkable unless energy sector covers grid connection costs The House Builders Association (HBA) has warned that mandating solar panels on new homes without reforming grid funding risks driving small and medium-sized builders out of the industry. Although the Government has not confirmed a legal requirement, media reports suggest all new […]
National park could mean Galloway loses half a billion pounds
Scottish Renewables says park designation will stop clean energy sector generating £543m and 470 jobs The proposed establishment of a national park in Galloway could result in the loss of around half a billion pounds to the area over the next decade, says Scottish Renewables, the trade body representing the onshore wind industry in Scotland. […]
Biodiversity not gained – in fact likely to be missed all together
MPs say we will miss 30% land protection pledge set for 2030 The nation will miss its pledge to protect 30% of land for nature by 2030, without urgent ministerial support and stronger private investment, MPs warn today. In a hard-hitting report, the cross-party Environmental Audit Committee (EAC) calls for a renewed government commitment to Biodiversity […]
Solar smashes records again
Globally solar deployment was up by a third during 2024 with 2TW now available Solar had a record-breaking year in 2024. Global installations hit 597 GW – a 33% leap from 2023. Solar made up 81% of all new renewable power, and its share of global electricity nearly doubled to 7%, according to Solar Power […]
