Ofgem gives green light to landmark electric grid upgrade Energy The UK’s energy regulator has approved a £24bn investment to upgrade the UK’s energy infrastructure as a part of its green transition. The Office of Gas and Electricity Markets (Ofgem) move comes as the government renews its push for cleaner energy, despite backlash around the impact on prices. Over £15bn is set to be deployed [...]
Industry electricity costs for 7,000 businesses to be slashed by up to a quarter Electricity prices for 7,000 businesses in the UK are to be slashed by up to 25 per cent from 2027 as part of the government’s much-awaited Industrial Strategy. British manufacturers are facing the highest industrial electricity prices in the G7, with costs currently four times higher than those of the US and significantly higher than [...]
Ministers set to cut industrial energy prices for British manufacturers Energy The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Ministers will unveil a multibillion pound package of taxpayer-funded support for the UK’s most energy intensive industries, as part of the government’s industrial strategy on Monday, according to reports. Proposals to make energy prices more [...]
Renewables rollout making UK electricity supply ‘more British’, analysis finds April 21, 2025 The UK’s rollout of wind and solar power over the last decade has made its electricity supply “more British”, with significantly less reliance on imported gas, analysis has found. Last year, just under half of Britain’s electricity supply was powered by foreign energy imports, said researchers at the Energy and Climate Intelligence Unit (ECIU), down [...]
Vitality: ‘Why your health and life insurance premium won’t go down’ February 18, 2025 In this episode of Boardroom Uncovered, Neville Koopowitz, the chief executive of health and life insurance giant Vitality.
National Grid set to earn windfall from Electricity System Operator sale October 3, 2024 National Grid has said it expects to earn roughly £70m more than previously anticipated from its Electricity System Operator (ESO), which it sold to the government last month.
Green light given to class-action lawsuit over electricity costs May 7, 2024 Damages sought for consumers are in the hundreds of millions of pounds.