energy crisis

In this week’s issue of our Current± Price Watch series – powered by LCP Enact – we take a look at what drove the rare capacity market notice (CMN) issued by National Grid ESO, and whether these could become a common sight over the summer?

The UK Government could provide further relief for energy intensive industries under a new proposal set out amid rising energy costs.

​Cornwall Insight has again raised its prediction for the upcoming price cap periods, with a typical household now expected to pay £4,266 a year for the three months to March 2023.

​Some businesses will face energy bills five times higher than they’re currently paying from October, according to new analysis from Cornwall Insight.

​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.

​Ofgem has confirmed that the Default Tariff Price Cap will now be set quarterly, to better reflect the costs of the wholesale market.

​Octopus Energy is looking to lower bills by adding capacity to around a tenth of the UK’s onshore wind turbines through a repowering programme thanks to a new partnership with turbine manufacturer EWT.

​The Default Tariff Cap is now predicted to stay above £3,000 a year for the next 15 months, according to the most recent forecast from Cornwall Insight.

​Suppliers will administer the £400 discount to consumers over six months starting from October.

​Shell has reported record profits in Q2 2022, as its adjusted earnings hit £9.6 billion ($11.5 billion), up from its previous high of £7.6 billion ($9.1 billion) in Q1.