The UK Government has announced plans to almost half the predicted MWh price for electricity and gas for businesses this winter, to £211/MWh and £75/MWh respectively.
Only a quarter of private electric vehicle (EV) drivers are on time of use (ToU) tariffs, while high wholesale prices and volatility will continue to limit uptake, Cornwall Insight said.
InstaVolt is increasing its pricing for electric vehicle (EV) charging from 40p/kWh to 45p/kWh from 1 December as a result of the “unprecedented increases” in the wholesale price of energy.
French utility Engie has announced its entry into the UK home energy market with plans to launch a tracker tariff in the summer, less than a week after Octopus Energy unveiled a similar offer.