Supply

Ofgem has awarded the proposed Eastern Green Link 2 (EGL2) electricity ‘superhighway’ a provisional funding package of £3.4 billion.

Retail giant Amazon has agreed with Iberdrola to procure 159MW of renewable energy from the 1.4GW East Anglia 3 offshore wind farm.

The UK could be set to import energy from the US via a transatlantic interconnector being explored by a group of investors, the Telegraph has reported.

Scottish and Southern Electricity Networks (SSEN) Distribution has unveiled £30 million in deals to procure further flexibility services.

According to data released by Drax Electric Insights, Britain now has more installed wind capacity than gas generation.

With the launch of Great British Nuclear last week (18 July), one of the biggest questions surrounding the technology remains just how the UK will use nuclear to support the energy transition.

Drax has confirmed that Britain’s vast wind power resources generated more electricity than gas in the first three months of 2023.

UK businesses are facing electricity bill rises of up to 133% from April compared to last year, Cornwall Insight’s Delivered Electricity Cost forecaster revealed.

An electricity system developed by Electricity North West which could offer £1.2 billion in savings, was the sole awardee of Ofgem’s latest innovation assessment and has been recognised by the energy regulator as “exceptional.”

“If we are going to decarbonise, we need solutions that tackle problems for both the developer and the consumer,” said Dan Nicholls, managing director at SNRG.