The UK exported a record-breaking 5.5TWh of power, worth around £1.5 billion, to Europe in the second quarter of 2022, says Drax Electric Insights in a new report.
Average day-ahead, within-day and system prices in Q1 2022 all more than tripled compared to Q1 2021 as a result of the Russian invasion of Ukraine, EnAppSys has found.
A coalition of 38 civil society groups have called on government to support households facing surging energy bills, to scale up measures to reduce gas use and to drive forwards renewable energy.
Pursuing heat pumps and energy efficiency measures would be faster route to get off of Russian gas than proposed expansion of drilling in the North Sea.
Prime Minister Boris Johnson has announced that he will issue an energy strategy in the coming days in response to the volatility of gas and power prices seen following the Russian invasion of Ukraine.