The UK Government has announced plans to almost half the predicted MWh price for electricity and gas for businesses this winter, to £211/MWh and £75/MWh respectively.
Osprey Charging has stated it is increasing the price of its rapid electric vehicle (EV) charging network to £1/kWh due to “extraordinary circumstances”.
Octopus Energy and E.ON have deemed the energy discount incentive proposed by National Grid ESO's demand flexibility service too low, arguing less customers will sign up because of this.
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.
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.