Amid worsening wholesale energy prices, the financial position of the UK domestic electricity and gas supplier sector is worsening with 60% of remaining smaller energy suppliers “technically insolvent”, says accountancy firm Price Bailey.
Cornwall Insight has released its final predictions for October’s Default Tariff Cap showing that a typical household will be paying £3,554 equivalent per year for their energy bills.
Octopus Energy Group and National Grid ESO have used electric vehicles (EVs) to help balance the grid in what they are dubbing a first for vehicle-to-grid (V2G) technology.
In this week’s issue of our Current± Price Watch series – powered by LCP Enact – we take a look at how interconnector dynamics and the weather have driven up day ahead prices, as well as how battery energy storage companies financial results are highlighting the impact of the strong ancillary market.
The National Health Service (NHS) has made an ‘unprecedented move’ calling on the government to review the energy price cap increase in order to avoid a public health emergency.
On-street residential charging is in urgent need of a boost in order to cater for the growing number of electrical vehicles on British roads, according to the AA.
Flexitricity and Thrive Renewables are continuing the expansion of the UK’s battery energy storage sector with the signing of an optimisation agreement.
Regen has released a new insight paper identifying seven potential solutions to reduce the cost of balancing and managing constraints, which has already reached £1.2 billion in the last 12 months.
