Longer term market signal are the key focus of this week’s edition of Current± Price Watch – powered by Enact – taking a look at the T-4 Capacity Market results, the new default tariff price cap and incoming weather fronts.
The UK government has today (27 February) announced a new online portal that will allow Northern Ireland households without a direct relationship to a domestic electricity supplier to apply for a £600 lump sum towards their energy bills as part of the government’s Energy Bills Support Scheme Alternative Funding (EBSS AF).
Electric vehicle (EV) charger reliability could worsen if challenges around maintenance aren’t tackled, slowing the adoption of electric cars as concerns about availably of chargers worsen.
Ofgem has today confirmed (27 February) that the energy price cap will be set at £3,280 for typical dual fuel households. Despite a £1000 reduction from the current cap however, households will see no benefit as bills continue to rise.
The UK Government has released financial aid to 900,000 more households across England, Scotland and Wales as part of the Energy Bills Support Scheme Alternative Funding (EBSS AF) route.
National Grid ESO is introducing a new two-stage process for applying for a grid connection, as it looks to increase certainty for developers and tackle the long wait-times experienced by many.
Digital grid technology and services provider Smart Wires has developed new software tools to help grid operators create additional capacity for increasing renewable energy, following a two-year project with EirGrid.
Project Local Energy Oxfordshire (LEO), led by Scottish and Southern Electricity Networks (SSEN) Distribution, has revealed “key recommendations” from its grid flexibility trials to create an “energy system of the future.”
Secretary of State for the newly-formed Department for Energy Security & Net Zero (DESNZ), Grant Shapps, has set out his plan for the future of Britain’s energy.
