energy costs

  1. Home
  2. energy costs

Agreement on price cap change

Agreement on price cap change Ofgem‘s choice to alter the price cap methodology has made one of its non-executive directors resign. Christine Farnish, a non-executive member of Ofgem’s governing authority Gas and Electricity Markets Authority (GEMA) told The Times that she felt the energy regulator “had not struck the right balance between the interests of consumers…
Read More

Race in onshore energy networks

Race in onshore energy networks: UK’s onshore electricity network market will soon undergo a serious overhaul. The government has revealed details of the meeting on the introduction of a framework that would give access to competition in onshore electricity networks. Currently, electricity network companies are liable for building, owning and operating electricity network infrastructure, ensuring it’s ready to meet the energy…
Read More

Estimations for £4K mark on winter energy bills

Estimations for £4K mark on winter energy bills Britons may soon discover themselves paying more than £4K per year for the energy they consume. New analysis from Investec Bank Plc implies the cap on default energy tariff may increase to £4,210 a year in January 2023. It is worth pointing out that the prediction is…
Read More

Gas & electicity for the next 8 months bought by council

Gas & electicity for the next 8 months bought by council Slough Borough Council in the South East of England will buy 100% of its estimated energy consumtion until March 2023 in advance. Previously this year, the local authority could see its energy bills soar by an additional £3m as a result of the rising…
Read More

Can energy usage be compared to save money?

Can energy usage be compared to save money? Britons might shortly get letters to be notified of the amount energy is consumed by their neighbours in a bid to drive them to reduce their own and save on money. Elizabeth Costa, Managing Director of the Behavioural Insights Team has said international studies have shown that…
Read More

Profound transition for UK energy sector

Profound transition for UK energy sector The UK’s electricity sector is in a process of profound transition, Energy UK has stated. As the UK needs to cut out the sector’s resting carbon emissions, it also needs to increase domestic power generation capacity to meet electricity needs that is set to boost up by more than…
Read More

Gazprom needs papers on gas turbine return

Gazprom needs papers on gas turbine return Russia’s Gazprom has stated it has put out a request for Siemens documents that will give access the arrival of the gas turbine that is a “crucial part” of the Nord Stream pipeline. “On 15th July Gazprom formally approached Siemens with a request to provide documents that, taking…
Read More

47% increase on EU renewable PPA prices

47% increase on EU renewable PPA prices The buoyant energy market seems to lay more burden on power purchase agreement (PPA) bills that continue to rise in past months. A new announcement by the provider of renewable transaction framework LevelTen Energy implies PPA costs are now 47 percent higher compared to last year. Analysts predict…
Read More

Almost 2/3 of new renewables are cheaper than coal

Almost 2/3 of new renewables are cheaper than coal The price of constructing and running a renewable energy project is quite lower than that of a coal power station. The International Renewable Energy Agency (IRENA) has today published its most recent report titled ‘Renewable Power Generation Costs 2021’ which implies nearly two-thirds or 163GW of…
Read More