Business and Energy Secretary Grant Shapps has called on energy suppliers to stop force fitting prepayment meters with many doing “nowhere near enough” to support vulnerable customers.
Cornwall Insight has confirmed that the latest forecasts for the Default Tariff Cap have seen energy bill predictions fall to £3,208 from April 2023 as a result of positive gas storage and demand reductions in Europe.
Energy UK, the Local Government Association, the Federation of Master Builders and the National Housing Federation have called on the UK government to boost energy efficiency measures across British homes.
From April, UK businesses and other non-domestic energy users will see a unit discount of up to £19.61/MWh applied to their electricity bill, the Government has announced.
Trade association Make UK and PwC have released their 2023 ‘Executive Survey,’ which shows that 60% of manufacturers are experiencing growing concerns about blackouts in the coming months due to a lack of security in energy supply.
As a result of high wholesale electricity costs, Cornwall Insight has disclosed that several EV chargepoint operators (CPOs) have utilised dynamic pricing across public networks.
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 crisis could expose energy suppliers to around £1.9 billion of debt, much of which would be unrecoverable, according to a new report from Cornwall Insight and Complete Strategy.
