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Race in onshore energy networks

Heather Trudeau
BEIS, Efficiency & Environment, electricity, electricity network, energy costs, energy industry, energy market, energy prices, Energy security, energy supply, energy white paper, Finance & Markets, gas prices, grid connections, net-zero, Ofgem, price cap, Renewable energy, Renewables, Top Stories
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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…
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Estimations for £4K mark on winter energy bills

Heather Trudeau
energy bills, energy costs, energy crisis, energy customers, energy market, energy prices, energy suppliers, energy supply, Finance & Markets, gas prices, household energy bills, Investec, Investec Bank Plc, Ofgem, Top Stories
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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…
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Gas & electicity for the next 8 months bought by council

Heather Trudeau
eEnergy, energy bills, energy costs, energy market, energy prices, Energy Procurement, energy suppliers, Finance & Markets, gas prices, gas supplier, Russia, Slough Borough Council, Top Stories, UK council, Ukraine, volatile energy market, war, wholesale energy market, wholesale energy prices
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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…
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Can energy usage be compared to save money?

Heather Trudeau
electricity, Elisabeth Costa, energy bills, energy costs, energy customers, energy market, energy retail, energy supplier, energy usage, Finance & Markets, Top Stories, wholesale energy costs
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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…
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Profound transition for UK energy sector

Heather Trudeau
Contracts for Difference, electricity, energy costs, energy industry, energy market, energy mix, energy sector, Energy UK, Finance & Markets, Top Stories, UK Government
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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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47% increase on EU renewable PPA prices

Heather Trudeau
energy costs, energy crisis, energy market, energy prices, energy retail markets, European renewables, Finance & Markets, gas prices, supply chain, Top Stories, wholesale prices
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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…
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Almost 2/3 of new renewables are cheaper than coal

Heather Trudeau
coal power, decarbonisation, electricity, energy bills, energy costs, energy crisis, energy prices, Energy security, energy transition, Finance & Markets, fossil fuels, Renewable energy, Top Stories
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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…
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Sectors may face serious energy-related cost issues?

Heather Trudeau
Bank of England, businesses, energy costs, energy crisis, energy customers, energy prices, energy retail market, energy supplier, Finance & Markets, gas prices, Uncategorised, war, wholesale energy costs
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Sectors may face serious energy-related cost issues? Sectors with big exposure to energy or fuel costs could face significant price strains in terms of the cash needed to cover the repayment of debts. That’s due to the latest analysis by the Bank of England which implies that the manufacturing and transport sectors could be hit…
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Dead end for carmakers?

Heather Trudeau
automotive, carbon dioxide emissions, Electricity Prices, energy bills, energy costs, energy crisis, energy prices, Europe, Finance & Markets, gas prices, net-zero, Top Stories, uk economy
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Dead end for carmakers? The British automotive industry could be the next victim of rising energy prices. New reports from the Society of Motor Manufacturers and Traders (SMMT) displays firms face a £90m boost in their energy bills this year as prices climb by a staggering 50 percent. The report implies the UK electricity costs…
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Rocket and feather pricing by petrol stations blamed

Heather Trudeau
energy costs, energy prices, Finance & Markets, fuel, fuel prices, fuel retailers, gas prices, petrol prices, petrol stations, RAC, Simon Williams, Top Stories, wholesale energy prices
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Rocket and feather pricing by petrol stations blamed Fuel retailers have collected nasty reviews over their “rocket and feather” pricing practices. On Monday, the breakdown provider RAC has stated a litre of unleaded broke records again when it averaged 191.05p on Sunday, taking a full tank of more than £105. Diesel also reached another high…
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