Ofgem commits to energy price cap by end of 2018

Legislation will have to be passed by Parliament this summer for the regulator to ensure the price cap is set this year

Views sought on Helm review to cut energy costs

The government is calling on businesses, consumer groups, academics and other stakeholders to give their views on reducing energy costs in the UK. The call for evidence on matters the government should take into account when considering cutting the cost of energy in the long term follows the independent review launched by Professor Dieter Helm […]

Independent review finds UK consumers paying ‘too much’ for energy

UK householders and businesses are paying too much for energy as a result of the government’s green taxes, with costs “higher than necessary” to meet climate and carbon targets. That’s the findings of a new independent review by Professor Dieter Helm, one of Britain’s leading energy experts, on ways to reduce electricity costs across the […]

Dope! Hybrid microgrids for the cannabis industry

Microgrids for the cannabis sector could solve the industry’s “energy hog” problem. That’s according to the head of an alternative energy company, who believes hybrid microgrids could fill the gap utility companies and major corporations can’t fix. Scale Energy Solutions develops microgrids combining solar, storage and combined heat and power (CHP) to lower the gluttonous […]

Energy costs for suppliers up 15%

The cost of energy for suppliers is up 15% compared to January 2016 This is illustrated by Ofgem’s Supplier Cost Index, which tracks ongoing trends in the electricity, dual fuel and gas markets. The regulator says the increase is primarily as a result of rising gas and power wholesale prices, of which there was a considerable rise in October […]

£605K funding for social housing smart thermostat

A clean-tech start-up that has developed the first smart thermostat for social housing, has raised £605,000 in seed funding. Switchee said it will use the money to expand the technology to social landlords. It will help residents save money by detecting occupancy and turning heating off when a property is empty as well as help combat […]

BIS launches consultation on energy cost relief for steel industry

The government has launched a consultation on introducing an exemption for the steel sector and other energy intensive industries (EII) from renewable electricity costs. That is expected to help the steel industry save more than £400 million during this parliament, according to the Department for Business, Innovation and Skills (BIS), The government first announced the decision […]

Beat the energy blues in ’16!

UK manufacturers that reduce energy waste improve their chances of beating the ‘economic hangover’ predicted for 2016 by an industry poll. REDUCING OVERHEADS IS PART OF THE REMEDY Manufacturers’ organisation EEF says manufacturing firms face a global ‘economic hangover’ from 2015 that will continue into 2016. In its annual survey of manufacturing executives, 44% of […]

Global healthcare firm heals energy spend by 36%

A global healthcare company has seen a 36% reduction in energy costs in Sligo, Ireland in the last decade. Abbott serves the Irish market with a range of healthcare products including medical devices and diagnostics and has been operating in the country since 1946. It also achieved carbon reductions of 40% since 2005 by implementing […]

Tories outline plan to reduce energy bills for families and increase competition in the sector

A programme which aims to increase competition in the energy sector while reducing families’ bills has been launched. The plan from Chancellor George Osborne and the Business Secretary Sajid Javed, sets out steps the government is taking to secure rising living standards and create competitive business conditions for firms. The scheme, ‘A better deal: Boosting […]