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.
Business and Energy Secretary Grant Shapps has called on energy suppliers to stop force fitting prepayment meters with many doing “nowhere near enough” to support vulnerable customers.
SSE Energy Solutions has agreed to sell a 25% minority stake in its electricity transmission network business, SSEN Transmission, to Ontario Teachers’ Pension Plan Board for £1.465 billion.
Recent UK-wide research by The Electric Car Scheme finds fewer than half of commuter-focused car parks contain charging infrastructure for electric vehicles (EV).
11 retail energy suppliers have signed up to Energy UK’s Vulnerability Commitment aiming to drive continuous improvement in support for customers in vulnerable circumstances.