uk

Cornwall Insight anticipates that power prices will not shift below 2022 levels until the late 2030s.

The UK government has announced that it is ending ‘unfair’ charges for prepayment meter customers.  

The UK government has decided to accept amendments to the Energy Bill which would give Ofgem a statutory duty to help meet the goal of Net Zero carbon emissions by 2050. 

The Climate Change Committee (CCC) has released a new report highlighting that the net zero transition could create in upwards of 725,000 net jobs by 2030.

Trade association Energy UK has published new analysis showing that increased UK cooperation with the EU could cut wholesale energy costs. 

The UK has a “once in a generation economic opportunity” to unlock £70 billion by becoming a “sustainability superpower”, says new report.

The UK Government has held its first-ever Net Zero Council as it aims to support the energy sector in decarbonising.

Octopus Renewables Infrastructure Trust (ORITs) saw its net asset value (NAV) decrease in Q1 2023 primarily due to lower forecast wholesale power prices across Europe.

Market analytics platform Modo Energy has said that Firm Frequency Response (FFR) auction prices in the UK have reached its lowest level since 2019 as a result of market saturation.

Australian power company Origin Energy has upgraded its 2023 financial year energy markets earnings due to a “stronger than expected” contribution from Octopus Energy.