Ofgem’s approach to licensing allowed market that was vulnerable to large-scale shocks, finds NAO
Ofgem’s approach to licensing and monitoring increased the risk of supplier failures, a new report from the National Audit Office (NAO) has found.
Articles tagged with: gas prices
Default Tariff Cap to hit nearly £3,000 over winter as geopolitical barriers show ‘no sign of abating’
Energy bills could rise to nearly £3,000 over the upcoming winter period, according to Cornwall Insight’s latest prediction.
EDF’s West Burton A to continue operation ‘in light of the ongoing energy crisis’
EDF has agreed to keep its coal-fired West Burton A power plant running through the upcoming winter amidst the ongoing uncertainty in the energy sector.
Windfall tax on generators could increase renewable investment costs, warns Energy UK
A windfall tax on generators could risk future investment into energy infrastructure, impacting the transition to net zero and prolonging the UK’s reliance on volatile international gas, Energy UK has warned.
BEIS calls on ESO to explore ways to boost non-gas-fired capacity including coal
Secretary of state Kwasi Kwarteng has called on National Grid Electricity System Operator (ESO) to explore options for bolstering energy security ahead of the winter, including utilising more coal.
Price cap could jump to £2,800 warns Ofgem’s Brearley
The price cap in October could jump to £2,800, Ofgem CEO Jonathan Brearley has told MPs.
ECIU cautions that barriers to onshore wind could cost £10bn by 2035
The Energy and Climate Intelligence Unit (ECIU) has criticised the lack of governmental support for onshore wind, highlighting that by 2035 the shortfall in the rollout of the technology could cost each household £125.
Winter price cap could jump by further £600, warns Cornwall Insight
Cornwall Insight is predicting the winter price cap will increase by a further £600 beyond last week’s 54% jump.
A third of Britons considering switch to heat pumps to reduce Russian gas reliance
A third of Britons are now considering installing a heat pump in an effort to get off Russian gas, according to a new survey from the Energy & Climate Intelligence Unit (ECIU).