Octopus Energy has taken the plunge and is now offering customers cash in exchange for taking excess electricity off the grid at times of negative pricing in an extension of its ‘transparent’ tracker tariff released last year.
The UK’s largest energy companies need to install around a million smart meters every month between them to meet the 2020 roll-out target, according to analysis by consumer group Which?.
Northern Powergrid (NPg) has unveiled an £83 million plan to upgrade thousands of substations across its network with new communications systems to create “the backbone of a smart grid” fit for the future.
The European Council has agreed a new position on the internal electricity market, placing consumer empowerment, cross-border trading and higher levels of renewables at the heart of the European Union’s efforts to transition to a low carbon economy.
The Department for Business, Energy and Industrial Strategy and the energy regulator Ofgem have today released plans for a major upgrade of the UK’s energy system.
