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National Grid ESO to reintroduce the demand flexibility service this winter. Image: Getty Images.

February 3, 2022

Energy price cap raised by 54% as Treasury unveils suite of bill protections

As predicted, regulator Ofgem has raised the default tariff price cap by 54% hitting £1,971.

February 2, 2022

Energy crisis a problem for the wider economy, Energy UK warns as it calls for further action

With a day until the next energy price cap is revealed, trade body Energy UK is calling for the government to take action.

The Vulnerability Commitment’s signatories include Octopus Energy

February 2, 2022

Energy price volatility to last until 2030 at least, warns Cornwall Insight

Volatility in the wholesale energy market is likely to last until at least 2030 unless significant changes are made to long-term energy strategies, according to Cornwall Insight.

February 2, 2022

Ofgem to announce new price cap on 3 February

Ofgem will announce the highly anticipated new level of the price cap on 3 February at 11am.

Strong wind generation has helped keep the grid secure over much of the winter so far. Image: Pxfuel.

January 31, 2022

Storm Malik leads to new wind generation record of 19.5GW

The wind power generation record in Britain was once again broken on Saturday (29 January), as Storm Malik hit the country.

Octopus Energy founder and CEO Greg Jackson. Image: Octopus Energy.

January 31, 2022

Octopus Energy reports close to breakeven financial results but predicts it will take a £100m hit from energy crisis

Octopus Energy Group is expecting to take a £100 million hit from the energy crisis, the company announced alongside its FY20/21 results.

January 31, 2022

Green Homes Grant scheme saving £3.9m in bills as installs tail off

Low carbon heat technology installed under the voucher segment of the Green Homes Grant is resulting in an annual bill saving of £641,000.

In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.

January 28, 2022

EnAppSys: Low wind, cold weather and record day-ahead prices shaped 2021

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.

January 28, 2022

BEIS cites need to strengthen energy security as it commits £100m to Sizewell C

The government is to provide £100 million of funding to EDF’s 3.2GW Sizewell C nuclear plant in Suffolk.

January 27, 2022

British public blame energy companies profiteering and Russian interference for energy crisis

The British public largely do not blame green levies for the increases to energy bills, a new study by the Energy and Climate Intelligence Unit (ECIU) has found.