Energy bills expected to fall £150 a year from October, say analysts August 18, 2023 The amount that an average household is expected to pay for its energy bills will fall by around £150 per year from the start of October, according to a new forecast. Ofgem’s next price cap, which will be announced on Friday next week, will drop to around £1,925, according to the latest forecast from Cornwall [...]
United Utilities hit with hefty £800,000 fine for taking too much water August 17, 2023 United Utilities has been fined £800,000 after illegally abstracting 22bn litres of water in Lancashire, the Environment Agency has said.
Treasury red tape on wind farms to cost bill payers £1.5bn per year, climate group warns August 17, 2023 Bill payers are being left £1.5bn worse off per year due to Treasury red tape blocking new offshore wind projects, according to the ECIU.
ITM Power: Troubled hydrogen specialist hopes to win over shareholders as results meet expectations August 17, 2023 ITM Power has delivered results in line with company expectations, in its bid to reassure shareholders its turnaround plan is viable.
Inflation: Falling energy bills and price cap helps drive down prices August 16, 2023 Falling energy costs are taming once rampant inflation rates, with the consumer price index rising at its lowest rate since last February.
One year on from Biden’s Inflation Reduction Act: Britain risks ‘divine right’ as frontrunner in green race August 16, 2023 The UK risks its position in the green energy race if it fails to respond to the US Inflation Reduction Act, an industry boss warns.
Wind turbines are getting old, here’s how the UK’s ageing fleet keeps spinning August 16, 2023 Wind turbines are routinely regarded as an energy source of the future, as debates spin over its upcoming role in the country’s supply mix.
Energy firms split as Ofgem boss calls for price cap rethink August 15, 2023 Energy bosses are split over the role of the price cap in the UK's retail market, with a seeming rift between challengers and the Big Six.
All eyes on former hydrogen darling ITM Power’s results amid turbulence for green tech players August 15, 2023 ITM Power will finally unveil its results on Thursday this week, with the troubled hydrogen specialist delaying the announcement this summer.
Ofgem: “Broad and crude” energy price cap needs looking at August 15, 2023 Ofgem boss Jonathan Brearley has urged ministers to reconsider whether the "very broad and crude" price cap is still fit for purpose.