Cornwall Insight has released its latest Default Tariff Cap forecast - calculated from market closing prices on Friday 3 February - demonstrating a rise of just under 10% from January’s predictions.
An independent review based on research by the University of Strathclyde has advised caution on Britain ‘rushing’ into a major wholesale electricity market reform based on locational marginal pricing (LMP).
BP has detailed in a strategy update that the oil and gas giant will invest up to £54 billion ($65 billion) in its transition growth engines (TGEs) but has reduced its emissions reduction target by 2030 due to continued investment in oil and gas.
On Sunday (5 February) Grant Shapps called on Ofgem to “toughen up on energy suppliers” following reports of forced prepayment meter installations by British Gas.
Octopus Energy has released a new tariff that allows multi-site businesses to share green energy with other locations should renewable energy be generated on-site.
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.
