Due to rising wholesale costs across 2022, 100% renewable electricity supplier Good Energy saw revenue increase by 70.3% to £248.7 million over the course of 12 months.
Under new plans released by the Department for Energy Security and Net Zero (DESNZ), heat pumps and solar panel installations will be included as part of £1.8 billion plans to boost energy efficiency in buildings.
UK law firm TLT and real estate consultancy Gerald Eve have stated that the UK’s net zero prospects are currently at risk due to the ongoing fight over land use.
The Department for Business, Energy and Industrial Strategy (BEIS) has released the eagerly anticipated Chris Skidmore MP independent review into the UK’s net zero prospects.
Legal and General Capital (LGC) allocated £5 billion for alternative asset investment in 2022 with a focus on several areas including clean energy infrastructure.
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.
Low carbon energy sources, including renewables and nuclear, generated 54% of Britain’s electricity between 31 October and 18 December, saving British households over £5.7 billion during this period, said RenewableUK.
