Wholesale gas price volatility caused by the Russian invasion of Ukraine, has cost the UK around £1,000 for each adult, the Energy and Climate Intelligence Unit (ECIU) said.
The latest figures from the Energy and Climate Intelligence Unit’s (ECIUs) Winter Power Tracker, show that renewables generated 42TWh of electricity between 1 October 2022 and 10 February 2023, negating the need for 85TWh of gas.
CBI Economics alongside the Energy and Climate Intelligence Unit (ECIU) have released a report stating that almost 20,000 UK businesses are operating within the net zero economy, contributing £71 billion a year to the UK economy.
If the UK had transitioned fully away from fossil fuels to renewable technologies it could have reduced the cost of energy bills in 2022 by around £1,750, the Energy and Climate Intelligence Unit (ECIU) has said.
The Energy and Climate Intelligence Unit (ECIU) has estimated that the development of 45GW of onshore wind farms would take up 2.1% of the UK’s total land prompting calls to scale the renewable energy technology.
From the beginning of the wholesale gas crisis to the end of the newly extended Energy Price Guarantee initiative, gas will have added £4,400 to the average household’s energy bill, according to the Energy and Climate Intelligence Unit (ECIU).
New analysis from the Energy and Climate Intelligence Unit (ECIU) has shown that wind, hydro and solar has generated 13TWh since the beginning of October, saving 27TWh of gas that would otherwise have been required.
Following on from Prime Minister Liz Truss unveiling a range of measures to help mitigate the impact of the energy crisis, Current± takes a look at the industry's reactions.
In the latest issue of our Current± Price Watch series – powered by LCP Enact – we take a look at how the generation mix is changing with the closure of another nuclear power plant and growth of renewable energy.
Wind farms paying back through the Contracts for Difference (CfD) scheme due to high power prices could now pay back £25 to each household from this October.
