Domestic electricity prices increased by 17% in the first three months of 2022 in comparison with the same period in 2021, according to new statistics from the Department of Business, Energy and Industrial Strategy (BEIS).
SSE has outlined how what it described as its balanced portfolio of electricity assets, infrastructure and integrated business mix have helped it post a “strong performance” during market volatility.
While renewable generation decreased significantly last year compared to 2020 due to less favourable weather conditions, it was still the second best year on record.
Octopus Energy Group has entered a financial and strategic partnership with Xlinks, the company behind a project to link the UK with solar power in Morocco.
Average day-ahead, within-day and system prices in Q1 2022 all more than tripled compared to Q1 2021 as a result of the Russian invasion of Ukraine, EnAppSys has found.
A colder than normal Q1 2021 and low wind generation in the summer across Europe exacerbated Britain's energy crisis, according to energy market data analyst EnAppSys.
The fourth round of the Contracts for Difference (CfD) auction has opened, with a target of 12GW of electricity capacity set to gain £285 million of funding.
