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.
Scottish and Southern Electricity Networks (SSEN) Distribution has announced the launch of its Sustainable Supplier Code, that will require 65% of its supply chain (by spend) to have its own carbon reduction policy.
Octopus Energy has called for “more action, speed and results to clear the grid connection queue” as it outlined its five-point plan to quickly connect 5.7GW of renewable projects.
Rising heat pump demand could see the UK Government’s flagship Boiler Upgrade Scheme (BUS) run out of vouchers as early as 2024 – months before it’s original end date in March 2025.
