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UK to use only clean sources for energy production

UK to use only clean sources for energy production: Boris Johnson confirmed the government’s plan for Britain’s electricity to come from only renewable sources by 2035. The government will increase investments in renewable and nuclear energy in order to move away from the use of fossil fuels. This will also allow for what the government…
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Watch the gap between price cap & cheapest energy deals

Watch the gap between price cap & cheapest energy deals: The skyrocketing wholesale energy prices appear to have taken their toll on the energy rates accessible to customers. According to new data by Cornwall Insight, the gap between the 10 lowest tariffs on sale and the current default tariff ceiling for September 2021 is only…
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Russians have an answer to the UK energy crisis

Russians have an answer to the UK energy crisis: With the United Kingdom in the grip of a debilitating energy crisis, a growing number of observers believe that the current situation highlights the risks of Europe’s over-reliance on Russia for energy. “It is important to emphasise that Russia has some of the largest giants of…
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Renewables Obligation mutualisation predicted further yrs

Renewables Obligation mutualisation predicted further yrs: Forecasts from Cornwall Insight‘s ‘Within-term ROC market forecast’ predict a potential shortfall in the 2020-21 Renewable Obligation (RO) buy-out and late payment fund of over £170mn, with 16 supplier exits to date that could impact upon the scheme’s payments. Furthermore, it predicts that mutualisation will be triggered for the…
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Energy price cap predicted

Energy price cap predicted to rise to £1,660

Energy price cap predicted to rise to £1,660: As a result of wholesale gas and electricity prices continuing to reach new records, Cornwall Insight‘s modelling for the Summer 2022 default tariff price cap has risen once again, with its indicative forecast climbing to approximately £1,660. Despite a long way to go and a lot of…
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Green energy fees to be moved from electricity to gas bills

Green energy fees to be moved from electricity to gas bills: The government is supposedly thinking about switching green energy levies from electricity to gas bills. As stated in reports, ministers will soon reveal plans that will have levies, containing the feed-in tariff as well as Contracts for Difference (CfDs) shift from customers’ electric to…
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