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.
Scottish and Southern Electricity Networks (SSEN) has confirmed that its “self-restore” technology project in central southern England has been installed to over 65% of earmarked network sites.
“When we look at the forecast from now to 2050, we're looking at a doubling of electrical demand from a few hundred-terawatt hours to over 600TWh,” said Barry Hurst, head of business development at Enel X.
The Department of Business, Energy and Industrial Strategy (BEIS) has committed over £120 million to spearhead nuclear fusion innovation and boost energy security prospects for the future.
The Office of National Statistics (ONS) has showcased the impact of the energy bills support measures on public sector borrowing with the October 2022 figure standing at £13.5 billion.
The ongoing energy crisis is proving to serve as a catalyst for energy retailers to overhaul their technology platform and deliver transformational efficiencies.
