The energy crisis could expose energy suppliers to around £1.9 billion of debt, much of which would be unrecoverable, according to a new report ​from Cornwall Insight and Complete Strategy.

Octopus Energy has signed a power purchase agreement (PPA) with Shell to receive green energy from the “world’s largest offshore wind farm”, it said.

Ofgem has unveiled 26 strategic electricity transmission reinforcements in a bid to unlock wind deployments by 2030.

​Consumers have overdelivered by over 35% across the first two Demand Flexibility Service (DFS) tests, according to National Grid ESO.

Regen, on behalf of six trade bodies, has called on the Department for Business, Energy and Industrial Strategy (BEIS) Secretary Grant Shapps to address network constraints with many facing connectivity delays of up to 15 years.

A new study conducted by Energy Systems Catapult demonstrates that replacing the UK’s current national approach to wholesale power prices with a localised model “could be the foundation of a net zero system”.

The UK government has allocated a total of £102 million to support both nuclear and hydrogen innovation in a bid to reduce the UK’s carbon footprint.

​The Default Tariff Price Cap is predicted to drop slightly following the first three months of 2023, according to Cornwall Insight.

The Welsh Government will provide all businesses in Wales with a new rates support worth more than £460 million over the next two financial years.