In our weekly issue of Current± Price Watch – powered by Enact – we take a look at how high wind generation saw reduced energy prices last week, what is believed to be the last Demand Flexibility Service trial and the IPCC’s latest climate report.
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.
Cornwall Insight has identified via the latest Default Tariff Cap forecasts for April to June 2023 that the average consumer is predicted to pay £3,702 from April as opposed to the previously projected £4,255.
The UK Government’s Energy Price Guarantee has launched in Northern Ireland this month reducing bills by up to 20p/kWh for electricity and 4.8p/kWh for gas.
Energy UK has urged the UK Government to accelerate efforts to increase energy efficiency of homes in the next Budget with this regarded as crucial to reducing energy bills.
Due to measures introduced via the Energy Prices Bill, healthcare businesses could be set to benefit the most with a potential bill reduction of around 60%, according to SAS.
With Ireland forecasted to reach its 80% renewable target by 2030, Cornwall Insight has confirmed that the increase in renewable technologies and generation will help lower winter energy prices below the pre-2021 historical average from 2027 onwards.
Although the introduction of the Energy Price Guarantee is a broadly welcome and required intervention by the UK Government, there are number key clarifications needed.
