The UK Government must set a “realistic budget and more sustainable prices” for renewable electricity in the upcoming Contracts for Difference (CfD) auction to prevent limited private investment in solar and wind generation, RenewableUK said.

In this week’s edition of Current± Price Watch – powered by Enact – we take a look at the caution suggested by the high T-1 Capacity Market clearing price, the changing face of nuclear in Britain and the saving seen by industrial participants in the ESO’s Demand Flexibility Service.

Following the closure of the observation window on 17 February, Cornwall Insight has confirmed its final prediction for the April Default Tariff cap for a typical household is £3,294 equivalent per year.

New data from the Department for Business, Energy & Industrial Strategy (BEIS) showed that 1.7 million households using prepayment meters in Britain redeemed their Energy Bills Support Scheme (EBSS) vouchers in January alone – 130,000 more than December 2022.

Due to the newly introduced Electricity Generator Levy, current inflation levels and supply chain difficulties, costs in developing low carbon generation projects have increased by between 20% to 30%, with some quoting 50% for specific projects, Energy UK said.

French energy giant EDF’s UK branch posted an annual profit of £1.12 billion despite the state-controlled company having recorded annual losses of around £16 billion.

​EDF’s Sizewell B nuclear power plant is going offline this week for a £80 million refuelling and maintenance programme to last 66 days.

E.ON Next and Shell Energy have joined 12 retail energy suppliers in signing up to the Vulnerability Commitment to improve support for vulnerable energy customers.

Energy Systems Catapult has released a new report indicating that digital twin technologies could be used for government and regulators to develop possible future policies.

Smart electric vehicle (EV) charging provider, Easee, has announced the installation of over half a million EV chargers – a figure the company plans to triple by the end of 2023.