Continuing low wind speeds in December will lower the profits of Good Energy by £3 million, the renewable energy supplier and generator said.
Continue ReadingKwarteng’s Crisis Talks with Energy Bosses Yield No Result
Written by Lauren Smith in Government Policy
Business secretary Kwasi Kwarteng’s crunch meeting with the chief executives of Britain’s largest energy companies, called as wholesale gas prices continue to spiral,…
Continue ReadingTreasury Will Get £3.1bn Windfall from Rising Energy Prices
Written by Lauren Smith in Government Policy Household & Bills
The Treasury will collect an additional £3.1 billion in VAT due to the sharp rise in energy prices this year, a windfall the…
Continue ReadingTwo Nuclear Power Stations Slated for Early Closure in 2028
Written by Lauren Smith in Nuclear Energy
EDF has announced that two of its British fleet of nuclear reactors will close in March 2028, two years earlier than anticipated.
Continue ReadingWith the retail energy market in chaos, the government is pausing plans announced over the summer to automatically move households to cheaper tariffs.
Continue ReadingThe carbon intensity of the British power grid fell to its lowest level yet on Easter Monday, in a year filled with new…
Continue ReadingEnergy Suppliers to Face New Stress Tests After Cascade of Failures
Written by Lauren Smith in Energy Suppliers
From January energy suppliers will face a series of financial stress tests, as Ofgem moves to shore up a sector rocked by dozens…
Continue ReadingNorthern Ireland energy supplier Firmus has announced that its customers in Belfast will see their heating bills rise by a typical £2.75 per…
Continue ReadingNew Investment Boosts Value of Octopus Energy to £3.7bn
Written by Lauren Smith in Energy Suppliers Renewable Energy
A US$300 million investment from the Canada Pension Plan (CPP) Investment Board will allow British company Octopus to expand its Kraken platform and…
Continue ReadingJust 131,000 customer-initiated switches of energy suppliers were completed in November, as the turmoil in the wholesale energy markets continued to topple suppliers…
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