Octopus boss: UK risks ‘falling behind’ without China energy ties Energy The boss of Octopus Energy has warned that the UK risks being “left behind” in the clean energy race if it fails to work more closely with China on renewable technology, claiming the country should not ignore China’s advances in wind and clean power manufacturing. He argued that collaboration could cut energy bills and strengthen [...]
Explainer: Why are energy prices so high? Energy Energy prices for consumers across the UK rose again this month. Ofgem, the energy regulator, set the maximum annual rate for an average household for gas and electricity at £1,755 until the end of the year. The cap is now over £600 higher than when it was first introduced in 2019. Under the cap, [...]
Trump condemns UK net zero push Energy Donald Trump has publicly criticised the UK’s net zero policy, saying it is disincentivising oil drilling and needlessly inflating energy prices. In an unusual intervention, the US President said that the UK’s North Sea reserves still had “a century of drilling left”, which if tapped would help bring costs down, “and fast”. “I strongly recommend [...]
How to make green energy cheap energy December 16, 2024 Green policies don’t win votes unless they cut bills too. Britain has a chance to transform its system to make energy affordable and grow the economy at the same time, says Octopus Energy Generation CEO Zoisa North-Bond The government’s clean power 2030 action plan is looking to ensure the economic benefits of clean energy and [...]