If the UK meets its expanded renewable and nuclear targets, the country will have an oversupply of electricity more than half of the time by 2030, creating significant opportunities for flexible demand.
The Department for Business, Energy and Industrial Strategy (BEIS) has called on companies to act “fairly”, as Moray East Offshore Wind farm moves to delay taking up its Contracts for Difference (CfD) support.
Following Ofgem redistributing the £58,375,203 Renewables Obligation (RO) late payment fund in December to energy suppliers, a further £384,278.28 has been recovered by the regulator.
Secretary of state for business, energy and industrial strategy (BEIS) Kwasi Kwarteng has called on North Sea oil and gas producers to invest in “the clean energy technologies of the future".
Octopus Energy Generation has made a multi-million pound investment in Lincs wind farm, marking its first acquisition in the operational large offshore wind space.
OVO Energy has hired Dan Burdett as chief customer officer, a newly created role aimed at ensuring customers are supported through the high energy prices.
