Modo’s research indicates that assets over 1.5 hours in duration earned around £3.3k/MW on average. Image: Statera.
January 9, 2024

Battery storage revenue falls to lowest since 2020 in December

Average battery energy storage revenue for the balancing mechanism fell by 16% in December 2023 according to Modo Energy, to £2.5k/MW.
Battery storage farm from Zenobe
January 9, 2024

Ofgem: Capacity market rules ‘remain appropriate’ ten years on

The energy regulator Ofgem has opened a review into capacity market rules stating that they still “remain appropriate” ten years on.
The first of BT Group's street cabinet EV chargepoints will go live in the coming weeks.
January 8, 2024

BT Group to begin converting street cabinets into EV chargers

BT Group has launched its electric vehicle (EV) charging infrastructure scheme aiming to convert 60,000 street cabinets into EV chargers.
739652_NGESO_2023_Overview_ElectricityReport-762x4292
January 8, 2024

Britain’s 2023 electricity mix in review

With December crowned Britain’s greenest energy month of the year, Current± reviewed the nation’s electricity mix in 2023.
Fortum battery recycling
January 8, 2024

Allye Energy and SYNETIQ collaborate on EV battery recycling

Two British firms, Allye Energy and SYNETIQ, have partnered to establish a supply agreement for repurposed electric vehicle (EV) batteries.
equinor
January 8, 2024

ECIU: new North Sea licenses will bolster international trade rather than domestic energy security

Analysis by the Energy and Climate Intelligence Unit (ECIU) has found that new North Sea gas licenses would account for only 1% of the fuels used in the UK by 2030.
Skidmore (right) penned the Mission Zero report last year. Image: Flickr.
January 8, 2024

Chris Skidmore resigns in protest of government’s oil and gas bill

Chris Skidmore has announced he will stand down as a member of the Conservatives due to the government’s Offshore Petroleum Licensing Bill.
Heat pumps must be a standard within all new homes. Image: Ketcgum.
January 5, 2024

Leeds Council launches £15 million scheme for green heating

Leeds City Council has launched a new scheme this week aiming to provide free installation of energy saving green measures for hundreds of local households.
Orange ofgem text over a blue gas stove
January 5, 2024

Energy supplier fines and reparation payments increase by over £50 million YoY in 2023

Energy supplier fines and reparation payments collected by Ofgem increased by £50.5 million in 2023 compared to the previous year.
This follows the firm releasing data on GSPs last year. Image: UK Power Networks.
January 5, 2024

UKPN releases data on energy curtailment on its network

UK Power Networks’ DSO has opened up new data showcasing when and why distributed energy resources are curtailed on its network.

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