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Origin ‘upgrades’ FY2023 energy market outlook due to strong contribution from Octopus Energy. Image: Octopus Energy.
July 12, 2022

Octopus Energy to take on UK Energy Incubator Hub’s 3,000 customers

Octopus Energy has been appointed as Supplier of Last Resort (SoLR) for supplier UK Energy Incubator Hub and will take on its 3,000 customers.
Raw Charging has a pipeline of over 4
July 11, 2022

RAW Charging raises growth capital to accelerate installation of 10,000 charging points in next three years

Electric vehicle chargepoint operator (EV CPO) Raw Charging has raised £250 million from private equity firm Antin Infrastructure Partners in its latest fundraising round.
Image: Current±.
July 11, 2022

Current± Price Watch: Renewables dip to record lows as call to decouple wholesale market continue

​In the latest issue of our Current± Price Watch series – powered by LCP Enact – we take a low at the record low strike prices achieved in the most recent Contracts for Difference auction, even as predictions for the next two price caps continue to surge.
The Vulnerability Commitment’s signatories include Octopus Energy
July 11, 2022

Ofgem proposes reform to electricity wholesale market amid high gas prices

​Ofgem is eying a range of reforms to help accelerate the green energy transition in Britain, including decoupling the wholesale gas and power prices.
In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.
July 11, 2022

Price cap could reach £3,363 for Q1 2023 as volatility in gas market continues

​As volatility in the international gas market continues, the price cap is now set to hit £3,363 for Q1 2023.
Property owners will be helped to plan their low carbon journey
July 8, 2022

UKPN launches new programme to tackle challenges businesses face when adopting low-carbon technologies

​UK Power Networks (UKPN) has launched a new programme designed to accelerate the uptake of low-carbon transport such as electric vehicles (EVs).
Business and the energy crisis: have the measures gone far enough? Image: Pixabay NC.
July 8, 2022

Ofgem eyes Final Order for UK Energy Incubator Hub following ‘serious’ and ‘persistent’ failings

​Ofgem has issued a Notice of Proposal to make a Final Order following a “number of serious, persistent and recent compliance failings” by UK Energy Incubator Hub Ltd.
Octopus Energy, Good Energy and E.On pay £8 million due to missed payments to customers. Image: Getty.
July 8, 2022

Smart meters rollout hits 21 million milestone

​The national smart meter network operated by the Data Communications Company (DCC) has passed 21 million devices connected in the UK milestone.
The new figure stands at 6.8%. Image: Pexels NC.
July 8, 2022

Coordinated connection of offshore wind could save £5.5bn, shows National Grid ESO

​A coordinated approach to connecting offshore wind farms to the grid could save consumers £5.5 billion in costs by 2030.
Research by Cornwall Insight into Britain’s power market predicts highs of £150/MWh in winter 2025. Image: Getty.
July 8, 2022

Coordinated local area energy planning could save £252bn

​Coordinated local area energy planning could save £252 billion between 2025 and 2050, according to a report by Energy Systems Catapult.

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