The energy sector has criticised the lack of focus within the Spring Budget on the development of renewables, energy efficiency and infrastructure, despite some technology support.
Following the early announcement of the extension of the Energy Price Guarantee (EPG) at the current rate of £,2500 for three months, there were only a few key energy focused elements to the Spring Budget.
The UK and France have signed an energy-based partnership that could see electricity interconnection capacity between the two countries increase by up to two thirds.
The Welsh Affairs Committee Chair Stephen Crabb has called on the UK government to outline how it intends to reach its target of generating 24GW of nuclear energy by 2050.
The National Audit Office (NAO) has called on the Department of Energy Security and Net Zero (DESNZ) to review plans to achieve its offshore wind and nuclear power expansion within the next 12 months.
French energy giant EDF’s UK branch posted an annual profit of £1.12 billion despite the state-controlled company having recorded annual losses of around £16 billion.
In the first edition of Current± Price Watch – powered by LCP Enact – for 2023, we take a look at the record-low Day Ahead prices as all metrics again dip below zero amid record renewable generation.
