The UK Government yesterday (4 May) launched a new programme offering up to £800,000 to help bring forward demand-side flexibility in the non-domestic energy market.
Ørsted A/S announced an increased operating profit for Q1 2023 of £814 million, but said that lower prices and the UK energy price cap had offset its increased renewable generation from new assets.
The Society of Motor Manufacturers and Traders (SMMT) has warned that rising energy costs and lacking charging infrastructure will “soften demand” for electric vehicles (EVs).
Trade association Energy UK has said that the upcoming Contracts for Difference (CfD) auction will fall short of delivering the required expansion of offshore wind to hit the government’s 2030 target.
Market analytics platform Modo Energy has said that Firm Frequency Response (FFR) auction prices in the UK have reached its lowest level since 2019 as a result of market saturation.
MPs from the House of Commons Welsh Affairs Committee have welcomed the government’s ambition on nuclear energy and urged it to move ahead with a proposed nuclear power station at Wylfa.
