Households face hike in energy bills due to Covid ‘bad debt’ November 20, 2020 Millions of households could see their energy bills hiked by £21 in order to compensate suppliers for unpaid customer debts incurred due to the coronavirus pandemic. Energy watchdog Ofgem is mulling whether to increase the energy price cap for 11m homes to allow suppliers to recoup these “bad debts”. The regulator said that it expected [...]
Can the government hit the targets in its 10 point climate plan? November 18, 2020 Last night Boris Johnson unveiled his much-touted 10 point plan to drive a “green industrial revolution” in the UK, creating 250,000 jobs in the process. Featuring commitments in sectors such as heating, wind power, nuclear energy, hydrogen and electric vehicles, it has been largely positively received by industry. However, some are concerned that some areas [...]
Boris Johnson to pump billions into climate change plan and confirms diesel vehicle ban from 2030 November 17, 2020 Boris Johnson has tonight unveiled his 10 point plan for the UK's "green industrial revolution", which he said would create 250,000 new jobs.
SSE joins net zero push with 2050 emissions pledge November 11, 2020 Energy giant SSE has become the latest business to commit to reaching net zero emissions by 2050, it was announced this morning. Over 1,000 companies have already signed up to the “Race to Zero” campaign, placing their operations in line with efforts to limit global warming to 1.5 degrees. The Scottish business has already put [...]
Eon maintains outlook as market recovery picks up pace November 11, 2020 Energy firm Eon today held its outlook for the full-year as it said third-quarter trading had been buoyed by a better-than-expected market recovery. The Germany-headquartered group has suffered a sharp downturn due to the outbreak of coronavirus, as well as unseasonably warm weather earlier in the year. In the first nine months it booked adjusted [...]
Energy price cap extended for a year protecting 11m households October 20, 2020 About 11m UK households will be protected from being overcharged for their energy bills for another year after the government decided to extend its price cap. The cap, which saves households on standard variable and default tariffs between £75 and £100 every year, will now last until the end of 2021. Since it was first [...]
Tonik Energy latest supplier to cease trading October 6, 2020 Tonik Energy has become the latest household supplier to go bust, with 250 employees set to lose their jobs. The Birmingham-based company’s 130,000 customers will be protected by regulator Ofgem and passed on to a new supplier. Last week, Ofgem said seven small British energy suppliers, including Tonik, owe a total of £34m, urging them [...]
Hydrogen holds the keys to unlocking a zero carbon future July 21, 2020 Today, we should have been celebrating the opening ceremony of the Tokyo 2020 Olympic Games. Following their postponement to 2021, the Games will make history for being the first Olympiad to take place outside of the four year cycle since the modern Olympics began in Athens in 1896. They will also make history for another [...]
Time for an energy revolution? Creating opportunity after a crisis July 16, 2020 The Covid-19 pandemic is a tragic event we hopefully will not see again in our lifetime. The human destruction and the strain on global healthcare systems have been devastating. There are no winners from this crisis. Still, it was Winston Churchill who said “never let a good crisis go to waste”. That certainly rings true [...]
Construction work begins on €2bn Viking Link subsea power cable July 13, 2020 Construction work on the world’s longest subsea power cable, the Viking Link, has today begun, the National Grid has announced. Running between Bicker Fen in Lincolnshire and South Jutland in Denmark, the 764km power line will be able to provide renewable power to 1.4m households upon completion in 2023. Today, Siemens Energy, which will build [...]