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1/3 Brits are eager

£20.9bn to uphold grid capacity

£20.9bn to uphold grid capacity Ofgem has today planned for a gigantic £20.9 billion package as part of an leading five-year vision for building viable and economical regional grids. The investment will be split between 6 companies – Electricity North West, UK Power Networks, Western Power Distribution, Northern Powergrid, SP Energy Networks and Scottish and…
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Energy rationing needed in the UK

Energy rationing needed in the UK EDF, TotalEnergies and ENGIE managements have teamed up to start a proposition to French customers to limit the amount of energy they consume. Announced in a group, Jean-Bernard Lévy, Chairman and Chief Executive Officer of EDF, Patrick Pouyanné, Chairman and CEO of TotalEnergies and Catherine MacGregor, CEO of ENGIE,…
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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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Hospitals £1.4m loss due to dangerously rising energy costs.

Hospitals £1.4m loss due to dangerously rising energy costs. The energy catastrophe seems to have a significant difference on the UK’s health sector. A hospital trust has estimated that it may have a £1.4 million loss this financial year as a conclusion of “inflationary pressures” relating to huge energy bills. In its current public board…
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Protection measures for customers credit balances.

Protection measures for customers credit balance. The boss of Octopus Energy has slammed proposals to ringfence energy customers’ credit balances. On Monday, the regulator set out measures to protect customers balances and improve the resilience of energy retailers. Since the start of the energy disaster in September last year, 29 energy suppliers have gone bankrupt…
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Energy supplier to “immediately provide” financial info.

Energy supplier to “immediately provide” financial info. Ofgem has arranged UK Energy Incubator Hub Ltd, once known as Euston Energy, to urgently supply financial and other info associated to the company’s activities. The regulator stated the company, which is a domestic supplier with nearly 3,000 customers must urgently reveal this information. The supplier works under…
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Ofgem urges explination for poor customer service…

Ofgem urges explination for poor customer service… Ofgem has delivered the UK Energy Incubator Hub with a provisional order to take measures to ensure its customers receive high-quality services. More specifically, the company has been told to assure customers can quickly contact them via telephone and email and that complaints are resolved within a short…
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NI energy supplier reports 2nd tariff rise

NI energy supplier reports 2nd tariff rise: Households in the thousands in Northern Ireland will be hit by greater energy bills as the region’s biggest energy supplier has announced a new increase in its tariffs. Power NI has said it will raise its electricity tariff by 27.5% starting 1st July 2022. This means an increase…
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Shell decides to sell its petrol stations in Russia

Shell decides to sell its petrol stations in Russia: Today, Shell reported it has signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants firms in Russia, to PJSC LUKOIL. LUKOIL is believed to be the 2nd biggest producer of crude oil in Russia. The agreement contains 411 retail stations, primarily…
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Wind & Solar expansion, potential wasted electricity?

Wind & solar expansion, potential wasted electricity? The huge increace of the UK’s solar and wind could lead to an excess amount of electricity by 2030. That’s according to a new study that suggests a massive amount of energy could go to waste if this inflation of renewable energy sources is not paired with a…
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