energy supply

Forecasting by Cornwall Insight shows that this year’s Contracts for Difference auction will add about £4.59 to a typical household’s energy bill by 2030-31.

The Alan Turing Institute has said the UK’s offshore wind farm arsenal is vulnerable to cyberattacks, threatening the security of energy supply.

National Grid ESO (NGESO) has release its Summer Outlook 2023 predicting that balancing costs could be around 30% lower than last summer.

Xlink’s project connecting the UK and Morocco with a power line has reportedly received backing from Abu Dhabi-based energy company Taqa.

French-owned energy company EDF Energy has confirmed that West Burton A, a coal-fired power station, closed at midnight 31 March 2023.

Energy suppliers across the UK have expressed concerns on the levels of customer debt being accumulated because of the halt to warrant prepayment meter installations.

Business and Energy Secretary Grant Shapps has called on energy suppliers to stop force fitting prepayment meters with many doing “nowhere near enough” to support vulnerable customers.

So Energy has revealed it is no longer exploring additional funding options, citing a fall in future wholesale prices, continued governmental support and ESB backing as a means of becoming more financially sound moving into 2023.

The ongoing energy crisis is proving to serve as a catalyst for energy retailers to overhaul their technology platform and deliver transformational efficiencies.

All 17 energy suppliers need to do more to support “customers in a vulnerable situation” Ofgem has revealed as part of a Market Compliance Review.