Ofwat cracks down on exaggerated energy costs in companies’ plans

The water regulator has warned firms against overstating energy costs in 2025-30 plans due to concerns of inaccurate projections amid rising wholesale energy prices

UK household electricity bills among highest globally

British consumers face significantly higher electricity tariffs compared to EU average, according to a new report

UK ‘power dumping’ raises concerns over energy management

National Grid ESO has reportedly paid up to £550/MWh to dump excess power into neighbouring countries

Solar farm lights up London’s landmarks

Santander UK has provided £25 million funding to a solar project, which is predicted to power over half of the City of London Corporation’s electricity needs

‘Electricity consumers in the UK shell out £29bn extra in 2022’

Britons faced a £29 billion increase in costs in 2022, equating to approximately £500 per person, compared to pre-Covid levels, according to a new study

IEA: Global gas supply to remain tight in 2023

Global LNG supply may increase by only 4% in 2023, which won’t be enough to make up for the predicted decline in Russian pipeline gas deliveries to Europe, according to the IEA

‘Running basic appliances cost 58% more in 18 months’

The average cost to run an integrated fridge freezer has more than doubled, according to research by consumer group

Electricity prices charged unequally: Ofgem proposes changes to energy charges

Ofgem is seeking ways to make energy charges more equitable for prepayment and standard credit customers

Energy consumption drops: UK goes from high voltage to low voltage

Electricity consumption in the UK fell by 4.1% during the three months to February 2023, government data shows

Drax plans £150m share buyback following record profits

A few days ago, the energy giant closed its remaining coal units