power prices

​National Grid ESO is to run the third test of its Demand Flexibility Service tomorrow (30 November) from 17:30-18:30.

​Ofgem has issued non-domestic energy supplier Delta Gas and Power with a Provisional Order, due to concerns about its financial position.

Technology platform GridBeyond has launched a new energy trading and hedging service to support businesses navigate high cost and manage energy market volatility.

bp has recorded £7.1 billion ($8.2 billion) in Q3 profit as the oil and gas giant (O&G)benefits from elevated energy prices amid the ongoing European crisis.

​Centrica has officially reopened the Rough gas storage facility, increasing the UK’s storage capacity by 50%.

While there is a risk of blackouts due to electricity shortages over the coming winter, National Grid ESO is ”cautiously confident”.

​During Q2 2022, domestic electricity prices increased by 45% in comparison with the same quarter in 2021, according to the Department of Business, Energy and Industrial Strategy’s (BEIS) Quarterly Energy Prices.

​While tight operational margins are expected over the coming winter, National Grid Electricity System Operator (ESO) is confident it will be able to manage these using its standard operational tools, it has said.

​In Q2 2022, Britain became a net exporter of electricity for the first time, according to new analysis from EnAppSys.

​Contracts awarded to renewable energy projects last week would save £7 billion on electricity costs under wholesale prices seen in the current crisis, according to analysis from the Energy and Climate Intelligence Unit (ECIU).