The Confederation of British Industry (CBI) has urged Boris Johnson to act now in order to manage the cost-of-living crisis.
Cornwall Insight calls on government to review its support package as price cap forecast passes £4,200
Cornwall Insight has again raised its prediction for the upcoming price cap periods, with a typical household now expected to pay £4,266 a year for the three months to March 2023.
The price cap could pass £4,200 come January following a number of changes made by the regulator Ofgem, according to analysis from Investec’s Martin Young.
Wind farms paying back through the Contracts for Difference (CfD) scheme due to high power prices could now pay back £25 to each household from this October.
Ofgem has confirmed that the Default Tariff Price Cap will now be set quarterly, to better reflect the costs of the wholesale market.
Following the Government’s Review of Electricity Market Arrangement consultation opening on 18 July, Stonehaven’s head of energy policy Adam Bell takes a look at the potential solutions available.
Ofgem has proved “incompetent as the regulatory authority” according to a new report from the Department of Business, Energy and Industrial Strategy (BEIS) select committee.
The Economic Affairs Committee (EAC) has called on the government to act now to avoid a disorderly transition to net zero.
Regulators and policymakers have acknowledged that more work is needed to deliver an effective, secure, digitalised energy system, but called on industry to also play its part.