Ofgem fines MSIP £5.41m over WhatsApp trader discussions. Image: Getty Images.
May 19, 2023

UCL report finds UK consumers are paying £29 billion more for power than before Covid  

A new University College London (UCL) report analysing revenues in the GB power sector has found that consumers paid £29 billion more in 2022 compared to pre-Covid levels, a rise of about £500 per person.
93,000 firms at risk of closing, downsizing or restructuring due to energy prices, says FSB. Image: Getty Images.
May 19, 2023

Final price cap prediction for Q3 set at £2,053

Cornwall Insight has released its final forecast for the Q3 2023 Default Tariff Cap (price cap) set at £2,053.77.
US-UK partnership to bolster EV and offshore wind supply chains. Image: Pxhere.
May 19, 2023

UK Government extends scheme to reduce business energy bill costs

The UK Government has extended the Energy Bills Discount Scheme (EBDS) to support more businesses today (May 19).
Moto Leeming Bar charge points. Image: Moto
May 19, 2023

Moto and GRIDSERVE create 48 new ultra-rapid EV chargepoints 

Motorway service operator Moto and sustainable energy company GRIDSERVE have gone live with 48 ultra rapid EV charging points this year.  
Image: Piqsels.
May 19, 2023

UK must address cost-competitiveness to spur nuclear industry growth

The UK will need to address nuclear's cost-competitiveness with alternative low-carbon technologies to spur growth, a report has indicated.
Construction of the Glendoe dam in 2008. Image via Wikimedia Commons
May 18, 2023

SSE wins Glendoe Hydro capital allowance case at UK Supreme Court 

SSE has welcomed a Supreme Court ruling in favour of the company in a long running legal case relating to the Glendoe Hydro Electric Station. 
Octopus Energy to purchase Shell Energy UK and Germany. Image: Octopus Energy.
May 18, 2023

Octopus Energy to invest £1.2 billion into Asia-Pacific renewables

Octopus Energy has confirmed it will make a £1.2 billion investment in the Asia-Pacific renewables sector by 2027.
Ireland is targeting 70% of its electricity from renewable sources by 2030.
May 18, 2023

Long-term power price predictions rise in the face of increasing Irish exports

A projected rise in interconnector exports and reduction in imports has led Cornwall Insight to raise its prediction for long-term power prices in Ireland.
UK Prime Minister Rishi Sunak in Japan. Image via Flickr 10 Downing Street
May 18, 2023

UK and Japan agree energy security cooperation as Sumitomo invests £4 billion in offshore wind 

The Japanese Ministry of Economy, Trade and Industry and UK Department for Energy Security and Net Zero (DESNZ) have issued a joint statement on energy security cooperation. 
Current± Disrupters: Swarm on unlocking clean energy in homes. Image: Getty.
May 18, 2023

Good Energy and OVO overcharge customers by almost £2 million total

Ofgem has revealed that Good Energy and OVO Energy customers have been overcharged by almost £2 million.

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