covid-19

Octopus Energy secured Bulb's services in December 2022. Image: Bulb.

March 12, 2021

Bulb's losses narrow as its customer base continues to surge

Bulb’s revenues are up 85%, helping to reduce its operating losses to £59 million as its customer base surges.

The Vulnerability Commitment’s signatories include Octopus Energy

March 8, 2021

BEIS opens Capacity Market consultation that could require units to enter Balancing Mechanism

All Capacity Market Units (CMU) may be required to be part of the Balancing Mechanism, according to a new consultation launched by the Department of Business, Energy and Industrial Strategy (BEIS).

The Norwegian-based business has called the UK a “huge growth market” following the installation of over half a million EV chargers. Image: Getty.

March 5, 2021

EV sales continue to be strong year-on-year despite February slow down

Electric vehicle (EV) sales continued their strong run through February, with battery EV (BEV) and plug-in hybrids (PHEV) accounting of 13% of market share.

Centrica's profit hit £3.308 billion due to gas and nuclear. Image: Centrica.

February 25, 2021

Centrica sees record profit drop of 31% in 2020

British Gas owner Centrica saw its adjusted operating profit fall 31% in 2020, a record low according to its preliminary results.

Half-hourly settlement periods are the gold standard for energy metering and data. Image: Getty.

February 24, 2021

Smart meter installations fall 40% year-on-year in January 2021

The installation of smart meters fell 40% year-on-year in January, as the enduring impact of the COVID-19 lockdown continues to be felt.

February 17, 2021

ESO readies for low summer demand with new Optional Downward Flexibility Management consultation

The Optional Downward Flexibility Management (ODFM) service is to be reinstated this summer, with National Grid ESO now consulting on its terms and conditions.

The Electric Insights report also states that new green technologies such as bioenergy with carbon capture and storage (BECCS) will be needed. Image: Drax.

February 15, 2021

Britain ‘edges closer to the power system of the future’ as 2020 is hailed as greenest year

Last year was Britain’s greenest yet, with renewables generating more power than fossil fuels for the first time according to a new report from Drax Electric Insights.

February 2, 2021

Ofgem increases price cap by almost £24 as 'Adjustment Allowance' is approved

Ofgem is to adjust the default tariff price cap by almost £24 in response to growing bad debt as a result of the COVID-19 pandemic.

February 2, 2021

SSE on 'strong strategic footing' despite COVID-19 impact of around £200m

SSE is continuing to expect the impact of COVID-19 to sit between £150 million and £250 million.

EDF Energy announced updated completion costs reaching £4.3 billion. Image: EDF

January 27, 2021

EDF’s Hinkley Point C delayed a further six months as costs continue to grow

EDF’s Hinkley Point C nuclear plant will be delayed by a further six months due to disruption from COVID-19.

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