Oil and gas giant BP confirmed it more than doubled its annual profit in 2022 to £23 billion ($27.7 billion), up from the £10.6 billion ($12.8 billion) witnessed in 2021, owing to soaring oil and gas prices.
Households using the Homely Demand Flexibility Service (DFS) Assist service – enabled by Homely Smart Home Technology – were able to reduce their heat pump energy draw by an average of 800W during DFS sessions in its first month of operation, reported the smart home energy optimiser.
The Analysis, Statistics and Research Branch (ASRB) of the Department for Infrastructure (Dfl) has published its report assessing the attitudes towards electric vehicles (EVs) in Northern Ireland.
In this week's Current± Price Watch – powered by Enact – we take a look at the use of the DFS, as well as the energy mix and the warming of coal units.
RenewableUK has confirmed that across the entirety of 2022, only two small onshore wind turbines had been developed across England despite “record-breaking” year for offshore wind.
The Energy Networks Association (ENA) has called on the UK government to update the British Energy Security Strategy to include the deliverance of an energy storage strategy by the end of 2023 in the upcoming Spring Budget.
Customers based in the UK overpaid on energy bills in 2021 to 2022 by around £7 billion which could have been avoided via a “split market” marginal pricing scheme, a report by Carbon Tracker has said.
Five energy trade associations have written a joint letter to the Chancellor Jeremy Hunt, calling on him to offer a more competitive capital allowance regime in the upcoming Spring Budget to incentivise investments in the UKs renewable industry.
“If we are going to decarbonise, we need solutions that tackle problems for both the developer and the consumer,” said Dan Nicholls, managing director at SNRG.
