Martin Lewis and Energy UK clash over Ofgem’s standing charge shake-up
Money expert Martin Lewis calls Ofgem’s plan progress, while Energy UK warns of risks Money-saving expert Martin Lewis has welcomed Ofgem’s plans to introduce energy tariffs with low or no standing charges but warns a key flaw could leave vulnerable households missing out. “This is progress,” said Lewis. “Standing charges are by far the most […]
Regulations supporting net zero retrofits and end-of-life turbines secure funding
The projects aim to give policymakers access to the research and evidence to future-proof regulations Projects developing regulations to support net zero retrofits and end-of-life wind turbines have secured a share of the funding totalling £4.7 million. Innovate UK has announced the investment for 11 new networks that develop new tools, data sets and approaches […]
Ofgem moves to shake up energy bills with zero standing charge tariffs
Customers may soon get the choice to ditch standing charges, but is it a real win? Ofgem has unveiled plans to force energy suppliers to offer tariffs with low or zero standing charges, giving customers more flexibility in how they pay for their energy. A consultation launched today will explore how these tariffs, set to […]
2025 energy market outlook
Following on from our 2024 End of Year Review, Jay Luka, our Customer Hedging Analyst dives into the critical developments and challenges facing the UK’s energy market in 2025 Welcome to our 2025 Energy Market Outlook blog. Following on from our 2024 End of Year Review, Jay Luka, our Customer Hedging Analyst dives into the critical developments […]
Greenlink Interconnector goes live
Unicorn Systems helps usher in a new era for the Ireland-UK energy exchange A major milestone in Europe’s energy infrastructure – the Greenlink Interconnector – officially initiated full operation on 30 January 2025. This strategic project, linking the energy networks of Ireland and the UK, represents a major step towards a more secure, sustainable, and interconnected energy […]
UK Government relaunches Net Zero Council
The relaunch reflects a new ‘mission-led approach’, ensuring government actively engages with a broad range of industry leaders and stakeholders to drive the progress towards net zero The UK Government has relaunched the Net Zero Council with a plan to help various sectors accelerate towards net zero targets and support thousands of jobs. The relaunch reflects a […]
Tata Steel UK secures green light for electric arc furnace
It will reduce onsite emissions by 90% compared to previous blast furnace-based steelmaking Tata Steel UK has been granted approval to deliver its electric arc furnace steelmaking in Port Talbot. Supported by £500 million of funding from the government, the investment will preserve 5,000 jobs in the UK and reduce onsite emissions by 90% compared to previous blast furnace-based […]
UK opens Clean Industry Bonus scheme for offshore wind
It will allow fixed and floating offshore wind developers to receive extra financial support A new scheme which will provide financial support for offshore wind developers, on the condition they prioritise their investment in areas that need it most, has been opened. That includes traditional oil and gas communities, supporting highly skilled jobs such as engineers, electricians […]
BYD and Saudi firm ink ‘world’s largest’ grid-scale energy storage projects
The contracts include projects that will have a total capacity of 12.5GWh BYD has signed what it claims is the world’s largest grid-scale energy storage projects with Saudi Electricity Company. The contracts include projects that will have a total capacity of 12.5GWh, taking the total co-operation between the companies to 15.1GWh. The battery storage equipment […]
UK consults on extending emissions trading scheme cap beyond 2030
The government is seeking views until 9th April 2025 The government is seeking views on extending the UK Emissions Trading Scheme (ETS) beyond the end of 2030. It proposes to extend it into a second phase from 1st January 2031 and is also consulting on whether to allow banking of emissions allowances (UKAs) between Phase I and […]
