energy cost

Wind power could save each UK household nearly £250 in savings per year compared to gas, says new analysis conducted by RenewableUK.

With Ireland forecasted to reach its 80% renewable target by 2030, Cornwall Insight has confirmed that the increase in renewable technologies and generation will help lower winter energy prices below the pre-2021 historical average from 2027 onwards.

The Welsh Government has revealed plans to establish a publicly owned renewable energy developer to tackle energy security, the cost-of-living crisis and decarbonise the energy system.

Energy UK has criticised proposals to impose a revenue cap on low carbon energy generators with it potentially hindering the investment that is needed to safeguard the UK’s energy security and reduce energy bills.

​The Energy Price Guarantee in its current form will now only run until April, according to newly appointed Chancellor Jeremy Hunt.

Flexitricity will provide market access to National Grid’s new winter Demand Flexibility Service (DFS) in order to support businesses amid the energy crisis.

The GB energy system saw its highest ever available wind generation in the week commencing 3 October, peaking at 17.6GW of potential wind energy generated in the evening of 5 October.

“We need to work together to provide customers with information on safely reducing energy bills this winter,” said Angela Terry, CEO and founder of One Home.

“The IMF is predicting that the UK will see the highest growth of any G7 member in 2022,” said climate minister Graham Stuart, despite the UK being plagued with the ongoing energy crisis.

A new energy flexibility scheme introduced by Octopus Energy could save customers £100 on energy bills and reduce demand during peak usage hours.