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Bad debt recovery decision deferred

Bad debt recovery decision deferred Ofgem has disclosed that it will put off its appointment on the introduction of an allowance in the price cap to recover bad debt. The consultation would aim to make sure the cap reveals the efficient prices incurred by suppliers because of bad debt and other debt related costs as…
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Hinkley Point B shutdown may affect grid

Hinkley Point B shutdown may affect grid The nuclear power station Hinkley Point B (HPB) in Somerset will withdraw from generating electricity today at 10am. The shutdown comes among worries over Britain’s winter energy stock as Russia chokes off gas flows to the EU. It is predicted that the closure of the plant will take…
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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…
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Elexon’s future ownership reviewed by Ofgem & GOV

Elexon’s future ownership reviewed by Ofgem & GOV The Department for Business, Energy and Industrial Strategy & Ofgem have launched a consultation on the future ownership of Elexon, the balancing and settlement agent for Britain’s electricity market. While Elexon’s shares are owned entirely by National Grid Energy System Operator, it is operationally and financially independent…
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More energy bill support for households in need

More energy bill support for households in need The government has been urged to offer more aid to households in need amid energy catastrophe. The call follows predictions from the Chief Executive of Ofgem in the past week and analysts’ estimated that energy costs are heading above £3.2k a year in the up-coming months. Trade…
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Britons should alter daily schedules to cut costs

Britons should alter daily schedules to cut costs People should be told to amend their dinner schedule and lower their thermostats in a effort to help Britain’s energy supplies and stop power cuts in up-coming months. That’s the statement from Sir John Armitt, Chairman of the UK National Infrastructure Commission, who spoke to The Telegraph…
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No plans to prolong windfall tax to generators before Borexit

No plans to prolong windfall tax to generators before Borexit The government has not got any plans to prolong the windfall tax on electricity generators before Boris Johnson vacates the office of Prime Minister. The Prime Minister’s spokesman stated to reporters that the choice not to increase the tax is in line with government policy…
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UK’s nuclear power plans at risk by EDF?

UK’s nuclear power plans at risk by EDF? The plan to nationalise EDF has recently emitted concerns over the company’s capability to help promising UK nuclear power projects, also including Hinkley Point C in Somerset. The proposed Hinkley Point C project would be the 1st nuclear power station to be constructed in the UK in…
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Failure to deliver net zero plans

Failure to deliver net zero plans Current government programmes to decarbonise industries and support the UK hit its net zero aim by 2050 will be deemed as unsuccessfully executed. The worrisome discoveries come from the analysis report uploaded today by the Climate Change Committee (CCC) which shows that there are massive losses in delivery schemes…
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Huge renovation of UK electricity market

Huge renovation of UK electricity market Boris Johnson has signalled the largest renovation of the UK’s electricity market since its privatisation 30 years ago. Speaking on BBC Radio 4’s Today programme, the Prime Minister stated: “At the moment, one of the problems is that people are being charged for their electricity prices on the basis…
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