Energy prices

Devon County Council has confirmed it will receive government funds to help households struggling to pay high energy bills.  

New data from DESNZ shows that domestic electricity and gas prices increase by 10% and 28% respectively.

Shell has seen its profits plunge to $5.1 billion (£3.9 billion) in Q2 2023, just a year after experiencing profits of $11.5 billion (£8.9 billion) for the same period in 2022.

Octopus Energy Group has today (25 May) announced the relaunch of its wholesale price smart tariff ‘Octopus Tracker’.

Research by Cornwall Insight into Britain’s power market out to 2030 has shown that energy prices will remain greater than £100/MWh annually, with highs of £150/MWh in winter 2025 due to delays to the Hinkley Point C nuclear power plant, increasing high-cost peaking capacity and nuclear power station closures.

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.

Businesses and public sector organisations in the UK will see a discount on energy bills this month via the Energy Bill Relief Scheme.

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.

​The Rugby Football Union (RFU) has signed a new long-term partnership with Pozitive Energy, to explore ways to support grassroots clubs and Twickenham Stadium during the energy crisis.

​In this week’s edition of our Current± Price Watch series – powered by LCP Enact – we take a look at the concern around interconnector availability over the upcoming winter and the role this could have on keeping the lights on.