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Octopus Energy, Good Energy and E.On pay £8 million due to missed payments to customers. Image: Getty.
July 13, 2022

Ofgem tells five suppliers to take immediate action following direct debit review

​Ofgem has told five suppliers they need to take immediate action after moderate or severe weaknesses were found in their direct debit processes.
BEIS will be split into three new departments
July 13, 2022

Energy UK calls for government intervention on energy bills as problem ‘too big for any industry to meet’

Energy UK has called on the government to rollout more help for consumers with energy bills following predictions that the price cap will surge again.
Offshore wind developed by ScottishPower
July 13, 2022

Marine Energy Wales secures £450,000 funding from Welsh government

Marine Energy Wales has been awarded a funding package from the Welsh government, securing its work until 2025.
‘Urgent reform of skills system required for net zero’, says new report. Image: Centrica.
July 12, 2022

Government Boiler Upgrade Scheme failing to drive interest in heat pumps

​The government's £450 million Boiler Upgrade Scheme is yet to deliver increased demand for heat pumps, according to a new survey from the Ground Source Heat Pump Association (GSHPA).
One of the works carried out are the replacement of transformers at Leicester Square substation in London. Image: UKPN.
July 12, 2022

UKPN makes £102m investment to future-proof network

UK Power Networks (UKPN) has allocated a £102 million to invest in future-proofing its electricity network this year.
Offshore wind auctions promising subsidy-free power have buoyed the UK’s attractiveness.
July 12, 2022

CfD projects to save Britain £7bn under current prices

​Contracts awarded to renewable energy projects last week would save £7 billion on electricity costs under wholesale prices seen in the current crisis, according to analysis from the Energy and Climate Intelligence Unit (ECIU).
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.

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