Ofgem’s £1bn Dogger Bank tender begins
The energy regulator has initiated a competitive tender round worth £1 billion to appoint an offshore transmission owner for the Dogger Bank B Offshore Wind Farm project. Ofgem, the UK’s energy regulator, has announced the launch of a £1 billion tender for the Dogger Bank B Offshore Wind Farm project. The tender aims to appoint an Offshore […]
Carbon storage data could open new doors for jobs and net zero
The North Sea Transition Authority has launched a consultation on publicly accessible data for carbon storage, aiming to spur job growth and support net zero goals. The North Sea Transition Authority (NSTA) has initiated a consultation to determine the details of making carbon storage data publicly accessible, a move aimed at advancing job opportunities and supporting the UK’s net zero ambitions. […]
SMEs slam energy suppliers for “sudden” hikes in standing charges
The Federation of Small Businesses has accused certain energy suppliers of exploiting small firms through drastic increases in standing charges, with reports of fees skyrocketing up to 12 times. The Federation of Small Businesses (FSB) has raised concerns over soaring standing charges imposed by some energy suppliers, alleging that these increases are contributing to inflated bills for small firms. In response to […]
Nearly 4% of small businesses measure carbon emissions
A new report indicates a lack of data on direct and indirect emissions and renewable energy use, with less than a third having dedicated environmental committees on their boards. Nearly 4% of surveyed small and medium-sized business (SMB) leaders can provide data on their companies’ direct and indirect emissions (scope 1-3). That’s according to new […]
UK businesses expect price hikes amid rising energy costs
Almost a quarter of UK businesses considering government energy support as essential for survival, according to a new survey. Nearly 81% of UK businesses anticipate increasing prices in response to high energy costs in the next two years. According to a new survey conducted by PwC, a quarter of organisations deem government energy support crucial for survival. Over the past two […]
Ofgem expands profit reporting to smaller energy suppliers
The decision, effective from 29th March 29, follows consultations and includes adjustments to licence thresholds. Ofgem has expanded profit reporting obligations to smaller energy suppliers. Effective from 29th March 29, these changes aim to enhance transparency in the energy market by modifying the Consolidated Segmental Statement (CSS) reporting conditions. Following stakeholder consultations, Ofgem has lowered domestic and non-domestic threshold […]
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 […]
