energy market

Ofgem has moved to protect consumers from the cost of supplier failures, with the potential introduction of capital adequacy requirements and renewable obligation (RO) receipts.

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).

Citizens Advice has found that digitally disadvantaged consumers are at much higher risk of loyalty penalties and could be left behind by service changes in the energy market.

The UK’s energy storage owners and operators must be “ruthlessly entrepreneurial” to navigate current Energy Market Reform conversations and prepare for the rapid growth expected in the near future.

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 energy market in Europe is progressing faster than expected despite the impact of COVID-19.

​Energy technology company Zeigo has added 4GW of renewable capacity to its platform.

UK energy codes must adapt to the transition towards a decarbonised, decentralised and digitalised energy system, a new report from Gemserv says.

Utility SSE has warned that its H1 profit for 2018/19 will fall by around half year-on-year against a backdrop of warm, still weather.

The capacity market is rapidly becoming “outdated” after the latest auction failed to secure capacity and value for new technologies like energy storage, which is now in “a state of flux” following changes to de-rating factors.