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Author: Lauren Smith

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  2. Author Archives
Dec30

Low Wind Speeds and ‘Stratospheric’ Gas Prices Hit Good Energy’s Profits

Written by Lauren Smith in Energy Suppliers

Continuing low wind speeds in December will lower the profits of Good Energy by £3 million, the renewable energy supplier and generator said.

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Dec28

Kwarteng’s Crisis Talks with Energy Bosses Yield No Result

Written by Lauren Smith in Government Policy

Business secretary Kwasi Kwarteng’s crunch meeting with the chief executives of Britain’s largest energy companies, called as wholesale gas prices continue to spiral,…

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Dec27

Treasury Will Get £3.1bn Windfall from Rising Energy Prices

Written by Lauren Smith in Government Policy Household & Bills

The Treasury will collect an additional £3.1 billion in VAT due to the sharp rise in energy prices this year, a windfall the…

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Dec21

Two Nuclear Power Stations Slated for Early Closure in 2028

Written by Lauren Smith in Nuclear Energy

EDF has announced that two of its British fleet of nuclear reactors will close in March 2028, two years earlier than anticipated.

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Dec20

Government Pauses Plans for Energy Auto-Switching

Written by Lauren Smith in Government Policy

With the retail energy market in chaos, the government is pausing plans announced over the summer to automatically move households to cheaper tariffs.

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Dec20

British Electricity System Set New Green Records This Year

Written by Lauren Smith in Electricity

The carbon intensity of the British power grid fell to its lowest level yet on Easter Monday, in a year filled with new…

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Dec16

Energy Suppliers to Face New Stress Tests After Cascade of Failures

Written by Lauren Smith in Energy Suppliers

From January energy suppliers will face a series of financial stress tests, as Ofgem moves to shore up a sector rocked by dozens…

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Dec14

Households in Belfast to See 19% Hike in Gas Bills

Written by Lauren Smith in Energy Suppliers

Northern Ireland energy supplier Firmus has announced that its customers in Belfast will see their heating bills rise by a typical £2.75 per…

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Dec13

New Investment Boosts Value of Octopus Energy to £3.7bn

Written by Lauren Smith in Energy Suppliers Renewable Energy

A US$300 million investment from the Canada Pension Plan (CPP) Investment Board will allow British company Octopus to expand its Kraken platform and…

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Dec10

Energy Supplier Switching at Lowest Levels on Record

Written by Lauren Smith in Energy Suppliers

Just 131,000 customer-initiated switches of energy suppliers were completed in November, as the turmoil in the wholesale energy markets continued to topple suppliers…

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