On 23 September, Chancellor Kwasi Kwarteng unveiled the UK Government’s prospective Growth plan aiming to reduce the cost of energy bills, at an expected cost of £31 billion over its first six months.
Although the introduction of the Energy Price Guarantee is a broadly welcome and required intervention by the UK Government, there are number key clarifications needed.
The UK Government has announced plans to almost half the predicted MWh price for electricity and gas for businesses this winter, to £211/MWh and £75/MWh respectively.
As the Conservative Party confirmed Liz Truss as the UK’s new Prime Minister, think tank Onward has provided a five-point plan to tackle the ongoing energy crisis.
Barnet Council has appointed Trojan Energy to deliver a £4.65 million project aiming to boost the number of electric vehicle (EV) charging points in the London borough.
The North Sea Transition Authority (NSTA) has granted approval and consent to allow Centrica Offshore UK (COUK) to reopen its Rough gas storage site situated off the East Yorkshire coast.
The British Beer and Pub Association (BBPA) has called for “urgent action” from the UK Government in order to prevent catastrophe amid soaring energy bills.
