The UK Government’s Energy Price Guarantee has launched in Northern Ireland this month reducing bills by up to 20p/kWh for electricity and 4.8p/kWh for gas.
Energy UK has urged the UK Government to accelerate efforts to increase energy efficiency of homes in the next Budget with this regarded as crucial to reducing energy bills.
Due to measures introduced via the Energy Prices Bill, healthcare businesses could be set to benefit the most with a potential bill reduction of around 60%, according to SAS.
Energy UK has criticised proposals to impose a revenue cap on low carbon energy generators with it potentially hindering the investment that is needed to safeguard the UK’s energy security and reduce energy bills.
The Scottish Government has confirmed that further support measures will be explored for consumers and businesses amid the energy crisis via a summit between energy companies, advice organisations and ministers.
Balancing offshore wind farm construction between the east and west coasts of the UK would strengthen the consistency of energy supply and help reduce reliance on balancing actions using fossil-fuelled dispatchable generation, said Regen in a new report.