Net Zero Nudge 02: decarbonised energy
In the drive towards reducing emissions and achieving net zero, decarbonising energy will play a crucial role.
In the drive towards reducing emissions and achieving net zero, decarbonising energy will play a crucial role.
The UK faces a “significant risk” of gas shortages this winter and could enter an emergency that would see power stations switched off, according to regulator Ofgem.
Equinor (OSLO:EQNR) has lodged planning applications to expand its wind farms off the coast of Norfolk, in plans that would new capacity to the Sheringham Shoal and Dudgeon schemes.
Nearly one in four adults plan never to turn their heating on this winter, polling suggests, as average bills are set to rocket while the temperature drops.
UK households will pay almost triple the price to heat their homes this winter compared with a year ago, a jarring increase for millions of people already struggling to afford everyday essentials.
As the energy price cap surges, a leading petroeconomist has painted a gloomy picture as the UK faces up to the prospect of winter without adequate energy supplies.
Families face a grim winter as experts predict the cap on energy bills will hit close to £3,600 per year from October - before rising again next year.
An estimated 45 million people in the UK will be forced into fuel poverty and struggle to pay energy bills this winter, new research has found.
Nicola Sturgeon is to convene a summit between energy supply companies and consumer groups later in August to discuss what support can be offered to those struggling to pay soaring bills.
Orkney Islands Council (OIC) has written to the Scottish Government to press its case for a decision on the Faray onshore wind farm, warning that a vital interconnector to the mainland cannot happen without it.
Energy regulator Ofgem is to blame for part of a massive increase in energy bills, experts said, as they forecast that the price cap will hit more than £4,200 in January.
Ofgem has confirmed that the energy price cap will be updated quarterly, rather than every six months, as it warned that customers face a "very challenging winter ahead".
Power network operators have been ordered to improve their storm response.
The energy regulator Ofgem has published a decision document on the Market Stabilisation Charge (MSC) and opened a fresh consultation on changes to the frequency of energy price cap adjustments. These changes, while identified by the regulator as crucial to protect the market, risk having an adverse impact on consumers - something Ofgem concede in their own documentation.
First Minister Nicola Sturgeon has warned that Scotland faces a “tsunami of fuel poverty” as energy bills are set to increase again in October.
The Government plans to continue capping household energy bills even after 2023 when current legislation is set to run out.
The Government must take urgent action and help the poorest households months before energy bills will rise again ahead of the winter months, the boss of a major energy company has said.
The upcoming Energy Security Strategy provides an opportunity for the Government to break the link between renewable tariffs and fossil fuels, boosting consumer confidence in renewable energy.
Low carbon technology firm Storegga has appointed Nicola Cocks as its new head of policy and regulation.
The decision by the UK energy regulator Ofgem to give themselves the ability to change the default energy price cap in the event of extraordinary circumstances raises questions about the future of the UK energy market and how effectively it works for smaller suppliers and customers.
Despite Aberdeen’s status as a global energy hub, household bills are subject to larger market forces, as Energy Voice explains.
UK domestic energy bills will jump 54% from April, dealing a dramatic blow to households already suffering a cost-of-living squeeze that’s only set to get worse.
BP sought repayment of a £53m debt after the energy retailer warned that rising gas prices would likely lead to losses.
UK energy regulator Ofgem is proposing new financing for power and gas suppliers taking on clients from failed rivals in a bid to soften the blow of rising bills for millions of British households.
It has been warned that any delays to plans for an “electric superhighway” between Scotland and England could cost the taxpayer millions of pounds.