NI energy supplier to increase electricity prices by 11%

The price increase is estimated to add nearly £98 to annual energy bills

Spanish and Portuguese measure to lower power prices granted EU approval

The measure, which will be implemented by lowering the input costs of fossil fuel-fired power stations, has been approved after recognising the two economies are ‘experiencing a serious disturbance’ following the increase in prices after Russia’s invasion of Ukraine

Britain’s electricity market needs to be substantially reformed, says National Grid ESO

The electricity system operator has supported the idea of a nodal location-based market

European electricity consumption back to pre-pandemic levels

Consumption across Europe soared by 5%, according to a new report

Leaked EU document suggests companies hit by Russian sanctions can get €400k

Companies hit by rising gas and electricity prices could reportedly get state aid

Electricity prices are a barrier to decarbonisation, UK steel industry says

UK steel manufacturers currently pay 61% more for electricity than their competitors in Germany and 51% more than in France, new report finds

EU hydrogen plans could put ever more pressure on energy prices

Higher energy prices will hit the markets if hydrogen plans do not include more renewable energy generation, new research finds

Solar ‘could provide 40% of the US electricity by 2035’

The US needs to quadruple it’s annual solar capacity which could then provide 45% of demand within 15 years

P272 code changes could save businesses thousands

ELEXON reissues guidance on who should fall under the scheme following a campaign by brokers

Ofgem fines SSE £2m over disclosure breach

The gas and electricity regulator says the company has delayed publishing information which could have had a ‘significant effect’ on wholesale electricity prices