Ofgem has confirmed that electricity generator, Drax Pumped Storage Limited, has agreed to pay £6.12 million to the Voluntary Energy Redress fund for breaching its Electricity Generation License.
From today, households in Northern Ireland who pay for their energy via prepayment meters (keypads) or quarterly standard credit, will receive a £600 voucher to help manage the rising cost of energy bills.
The UK Government has announced two new green freeports, with the sites in Inverness and Cromarty Firth and Firth of Forth set to receive £52 million in backing.
The UK has expanded international cooperation in the energy sector with the confirmation of long-term partnerships with both Colombia and the United Arab Emirates (UAE).
Last week saw the publication of the highly anticipated Net Zero Review, led by Chris Skidmore MP, which cited the need to increase the deployment and adoption of low carbon technologies in a bid to reach the UK’s net zero targets.
Cornwall Insight Ireland has released its fourth quarterly All-Island Power market Outlook to 2030 revealing that delays to onshore wind investment decisions have “dashed the hopes of prices dipping below historic levels” in Ireland as predicted in its previous report.
The Energy Networks Association (ENA) and Ofgem have called on UK industries to support low carbon innovation in a bid to accelerate net zero ambitions.
The Department for Business, Energy and Industrial Strategy (BEIS) has released the eagerly anticipated Chris Skidmore MP independent review into the UK’s net zero prospects.
