The UK could be set to import energy from the US via a transatlantic interconnector being explored by a group of investors, the Telegraph has reported.
With the launch of Great British Nuclear last week (18 July), one of the biggest questions surrounding the technology remains just how the UK will use nuclear to support the energy transition.
UK businesses are facing electricity bill rises of up to 133% from April compared to last year, Cornwall Insight’s Delivered Electricity Cost forecaster revealed.
An electricity system developed by Electricity North West which could offer £1.2 billion in savings, was the sole awardee of Ofgem’s latest innovation assessment and has been recognised by the energy regulator as “exceptional.”
“If we are going to decarbonise, we need solutions that tackle problems for both the developer and the consumer,” said Dan Nicholls, managing director at SNRG.
CBI Economics alongside the Energy and Climate Intelligence Unit (ECIU) have released a report stating that almost 20,000 UK businesses are operating within the net zero economy, contributing £71 billion a year to the UK economy.
Energy data transfer regulator ElectraLink said the final figure for smart meter installations in 2022 reached 2.37 million – slightly lower than the 2.42 million reported in 2021.