power market

Customers based in the UK overpaid on energy bills in 2021 to 2022 by around £7 billion which could have been avoided via a “split market” marginal pricing scheme, a report by Carbon Tracker has said.

​Concerns over pricing as GB heads into the colder months are rising following numerous power price records being broken yesterday (9 September).

Glencore chairman and ex-BP chief executive Tony Hayward has cast doubt over the worldwide energy transition, arguing that the penetration of renewables worldwide is being outpaced by the demand for growth.

Italian utility Enel has agreed to pay $300 million (£235 million) to acquire the US demand response and energy management software firm Enernoc.

A new report from Policy Exchange has called for a wholesale overhaul of the UK’s power system to create a level playing field for clean energy flexibility technologies to compete with dirtier forms, which would ultimately save consumers as much as £90 a year by 2030.