UK energy prices
Ofgem’s latest mandate requires transparent display of broker fees in energy contracts, a move praised by Octopus Energy
Centrica Business Solutions has finalised a solar power purchase agreement with aerospace defence manufacturer Moog Inc
The new product allows flexibility providers adjust their actions a day ahead, helping balance supply and demand peaks
Greg Jackson, CEO of Octopus Energy, supports the introduction of zonal locational pricing by the government, citing potential cost savings for consumers and benefits for industry
More than 900,000 energy users relying on Radio Teleswitching Service must upgrade to smart meters before the service shuts down on 30th June 2025, to avoid potential disruptions in tariffs and heating control
The government has introduced the Pumpwatch scheme, which mandates all fuel stations to disclose real-time price data
The government’s reported offer of £1,000 for allowing pylons in residential areas sparks controversy, with critics highlighting concerns about geographical disparities in assistance
Analysts note that the upcoming energy price cap adjustment is anticipated to impose a 27% increase for low consuming customers
The Public Accounts Committee has expressed concerns about the potential financial burden on taxpayers and the accessibility of energy bill support for those in need
The Energy Act 2023, the most extensive energy legislation ever in the history of the UK, was granted Royal Assent today