energy crisis

National Grid ESO to reintroduce the demand flexibility service this winter. Image: Getty Images.

February 3, 2022

Energy price cap raised by 54% as Treasury unveils suite of bill protections

As predicted, regulator Ofgem has raised the default tariff price cap by 54% hitting £1,971.

February 2, 2022

Energy crisis a problem for the wider economy, Energy UK warns as it calls for further action

With a day until the next energy price cap is revealed, trade body Energy UK is calling for the government to take action.

February 2, 2022

Ofgem to announce new price cap on 3 February

Ofgem will announce the highly anticipated new level of the price cap on 3 February at 11am.

Octopus Energy founder and CEO Greg Jackson. Image: Octopus Energy.

January 31, 2022

Octopus Energy reports close to breakeven financial results but predicts it will take a £100m hit from energy crisis

Octopus Energy Group is expecting to take a £100 million hit from the energy crisis, the company announced alongside its FY20/21 results.

In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.

January 28, 2022

EnAppSys: Low wind, cold weather and record day-ahead prices shaped 2021

A colder than normal Q1 2021 and low wind generation in the summer across Europe exacerbated Britain's energy crisis, according to energy market data analyst EnAppSys.

January 28, 2022

BEIS cites need to strengthen energy security as it commits £100m to Sizewell C

The government is to provide £100 million of funding to EDF’s 3.2GW Sizewell C nuclear plant in Suffolk.

January 27, 2022

British public blame energy companies profiteering and Russian interference for energy crisis

The British public largely do not blame green levies for the increases to energy bills, a new study by the Energy and Climate Intelligence Unit (ECIU) has found.

Business and the energy crisis: have the measures gone far enough? Image: Pixabay NC.

January 18, 2022

Together Energy becomes first supplier to collapse in 2022 amidst continuing high power prices

Together Energy has become the first supplier to collapse in 2022, as power prices remain high.

January 18, 2022

Long-term sustainability of the energy system at risk as government eyes short-term fixes, says Cornwall Insight

The long-term sustainability of the energy sector is at risk from the short-term measures being considered as a solution to the energy crisis.

January 17, 2022

Government must take action to avoid ‘cost of living catastrophe’ as 6.3m households face fuel stress

The number of families experiencing fuel stress is set to triple overnight when the price cap is reset, reaching 6.3 million households.

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