The Department of Business, Energy and Industrial Strategy (BEIS) has committed over £120 million to spearhead nuclear fusion innovation and boost energy security prospects for the future.
The Office of National Statistics (ONS) has showcased the impact of the energy bills support measures on public sector borrowing with the October 2022 figure standing at £13.5 billion.
From the beginning of the wholesale gas crisis to the end of the newly extended Energy Price Guarantee initiative, gas will have added £4,400 to the average household’s energy bill, according to the Energy and Climate Intelligence Unit (ECIU).
Ofgem has made a statement calling on energy suppliers to ensure non-domestic customers are being supported and not taken advantage of amid the energy crisis.
Policy Exchange has stated that when the Energy Price Guarantee ends, it will be “impossible” to return to old billing practices of volumetric prices caps.
Investment in the sustainable on-site power generation market within UK businesses has the potential to replace imported natural gas by 2035, says npower Business Solutions (nBS).