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Current-Price-Watch - UPDATED
May 15, 2023

Current± Price Watch: Stable energy prices reflect steady price cap prediction

This week’s issue of Current± Price Watch – powered by Enact – explores Cornwall Insight's latest price cap shifting only £38, wind generating more British electricity than gas for the first time and the demand flexibility service scheme displacing the need for 3.3GWh of electricity.
Ofgem Transmission Line
May 15, 2023

UK needs ‘fundamental step-change’ to compete in race for clean investment, says National Grid

National Grid has called for a “fundamental step-change” the scale and pace of delivering a new electricity network infrastructure in order to gain a competitive advantage in the international race for clean investment.
Image: EDF Renewables
May 15, 2023

EDF Renewables signs deal for 8MW connection to power Oxford Bus Company fleet 

An 8MW grid connection to the Cowley bus depot will be built under an agreement between EDF Renewables UK and the Oxford Bus Company to power an electric fleet of buses for Oxford. 
octopus energy heat pump
May 15, 2023

Current government policies will leave UK increasingly dependent on gas imports says ECIU 

The Energy and Climate Intelligence Unit (ECIU) says that current UK government policies will leave British consumers dependent on foreign gas imports into the 2030s. 
GettyImages-175487101_750_420_80_s_c1
May 15, 2023

UK average temperature rises as GHG emissions fall by only 2%

The Office for National Statistics’ latest Climate Change insights data has revealed that 2023 has been a “warmer than average” year as consumption-based greenhouse gas (GHG) emissions fall by only 2% from 2018.
Statkraft purchases two Shetland wind farms. Image: Getty.
May 15, 2023

Sustainability is ‘key to unlocking £70 billion economic opportunity’ for UK

The UK has a “once in a generation economic opportunity” to unlock £70 billion by becoming a “sustainability superpower”, says new report.
Generic_installed_domestic_solar_Viridian_Solar_750_420_80_s_c1
May 12, 2023

UK government could be defeated over Energy Bill amendments if it fails to back community energy reforms

Nonprofit advocacy organisation People for Power says that 127 Conservative MPs, around a third of the parliamentary party, back its calls for community energy reforms as part of the Energy Bill. 
Octopus Energy successfully acquired the services of Bulb in December. Image: Octopus Energy.
May 12, 2023

Eni Plenitude to use Octopus’ Kraken for 2m customers across the EU

Octopus Energy’s Kraken Technologies has entered into a strategic partnership with Eni Plenitude to use the platform to support long-term growth in international retail energy markets.
The government announced plans to “ease” the de facto ban with new changes to the planning system. late last year. Image: Ed White (Pixabay).
May 12, 2023

Improved reward schemes offered to onshore wind local communities

The UK Government yesterday (11 May) set out new proposals to improve reward schemes offered to communities living locally to onshore wind farms.
Westminster_2_-_Getty_750_420_80_s_c1
May 12, 2023

£91 million government grant to drive low-carbon heat in the UK

The Department for Energy Security & Net Zero’s (DESNZs) Green Heat Network Fund (GHNF) has awarded £91 million between seven low carbon heating projects.

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