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TPIs revenues fall by 18% due to COVID-19

TPIs revenues fall by 18% due to COVID-19: Third-party Intermediaries (TPIs) have seen a decrease in growth in both the Small and Medium Enterprise (SME) and Industrial & Commercial (I&C) sectors, as a result of COVID-19 and general market uncertainty, according to Cornwall Insight’s Annual TPI report. This led to a target revenue pool for…
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Cost of balancing Irish electricity reaches ten-month high

Cost of balancing Irish electricity reaches ten-month high: Research from Cornwall Insight highlights the cost of balancing the Irish electricity system has reached a ten-month high. The Imbalance Settlement Price (ISP) in the Single Electricity Market (SEM) has reached a ten-month high of €42.5/MWh throughout September.   The Balancing Market (BM) reflects the actions taken…
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Cable strikes up by 46% since end of lockdown

Cable strikes up by 46% since end of lockdown: Incidents of cable strikes have gone up by 46% since the end of the national coronavirus lockdown. New research by the Energy Networks Association (ENA) have suggested almost a third of construction workers and energy industry professionals are risking their lives because they fail to check…
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Could COVID-19 positively impact future EV sales?

Could COVID-19 positively impact future EV sales?: Research into the Society of Motor Manufacturers & Traders (SMMT) vehicle registration data by Cornwall Insight shows Battery Electric Vehicles (BEVs) in 2020 have already grown 76.1% on the whole of 2019.   SMMT recorded the lowest September car sales this century at 328,041 vehicles, down 4.4% on…
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Homeworkers could see their winter bills rise by £107

Homeworkers could see their winter bills rise by £107: Utility bills could soar by £107 for those working at home, because of the increased need for daytime heating during the winter. Price comparison service Energy Helpline has found in a new report, which suggests households in the UK could see an increase in energy bills…
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Electricity was cheaper and cleaner during lockdown

Electricity was cheaper and cleaner during lockdown: During the coronavirus lockdown the UK’s electricity system was cheaper and cleaner but harder to control. A new independent analysis has found that was conducted for Drax Electric Insights via Imperial Consultants by academics from Imperial College London. Lowered demand was caused by businesses closing and people working…
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Households could save £11m weekly after back to school

Households could save £11m weekly after back to school: More than £11 million could be saved every week by families in the UK on energy costs after children return to their classrooms in September. New research by Uswitch has shown, which forecasts a reduction in television watching, cooking and dishwasher use, bringing a weekly saving…
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£85 Energy bills reduction forecast by Eon

£85 Energy bills reduction forecast by Eon:  An estimated reduction in energy bills of at least £85 from this Autumn has been announced by E.ON. Standard tariff customers across the UK are expected to benefit from a drop in energy bills by the energy supplier, equivalent to a 7.5% fall in energy prices, or almost…
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Energy switching activity spiked in June

Energy switching activity spiked in June: For the first time since lockdown June saw a spike in the number of customers who switched energy suppliers. That’s according Energy UK in their the latest reported figures, which suggests a 1% increase from June 2019, some 450,000 consumers switched energy provider in June this year. Around three…
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Lockdown slows electricity switching rates

Lockdown slows electricity switching rates: There was less activity by consumers switching electricity suppliers during the lockdown. That’s according to the latest figures from Energy UK, which suggest more than 410,000 customers switched supplier in May, down by 15% compared to this month last year. The report also shows in the first five months of…
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