Ofgem alters parameters of the Market Stabilisation Charge
Ofgem is altering the parameters of the Market Stabilisation Charge (MSC), which it brought in in February in response to supplier volatility.
Articles tagged with: wholesale power prices
Winter price cap could jump by further £600, warns Cornwall Insight
Cornwall Insight is predicting the winter price cap will increase by a further £600 beyond last week’s 54% jump.
Industry groups, charities and organisations have criticised Chancellor Rishi Sunak’s Spring Statement for failing to provide support for households amid the continually rising power prices.
Energy traders call for emergency liquidity support amid price volatility
The European Federation of Energy Traders (EFET) has called for the creation of a time limited emergency liquidity support system, to ensure the continued function of the wholesale energy markets amid continued volatility.
UK could reduce Russian gas imports by 80% in just two years
The UK could reduce its Russian gas imports by 80% this year by following nine steps, says climate change think tank E3G.
Energy UK calls on Chancellor Sunak to provide additional support measures
Energy UK has called on Chancellor Rishi Sunak to provide additional support measures for consumers and the economy amid volatile energy prices.
Heat pumps and energy efficiency offer faster route away from Russian gas than North Sea expansion
Pursuing heat pumps and energy efficiency measures would be faster route to get off of Russian gas than proposed expansion of drilling in the North Sea.
Boris Johnson to release new energy strategy amid increasing power price volatility
Prime Minister Boris Johnson has announced that he will issue an energy strategy in the coming days in response to the volatility of gas and power prices seen following the Russian invasion of Ukraine.
Energy costs extremely volatile as impact of Russian invasion of Ukraine reverberate through market, says Cornwall Insight
The cost of energy is extremely volatile currently due to Russia invading Ukraine, said Cornwall Insight.