UK homes could see steepest fall in energy bills since summer
British households could see their energy bills fall nearly 16% by spring as prices continue to ease from crisis levels, bringing relief to homes with stretched budgets.
Grid & Retail
Aberdeen EV charging firm Trojan Energy secures £26 million investment
Aberdeen-based electric vehicle (EV) charging firm Trojan Energy has secured £26 million in investment in its latest funding round.
ScottishPower kickstarts “largest overhaul” of electricity grid since its inception
ScottishPower has unveiled £5.4 billion of contract opportunities as it kickstarts the "largest overhaul of the grid since its inception".
Nigeria says power firms short of $2.5bn of capital
Nigerian electricity companies are short of an estimated 2 trillion naira ($2.5 billion) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents.
EU reaches tentative agreement to overhaul electricity market
The European Union agreed on an overhaul of the bloc’s power market to accelerate the rollout of renewables and curb volatility in electricity prices during the energy transition.
Communities near big energy schemes should gain new ‘benefits’, government says
People who live near large new energy generating infrastructure should gain “community benefits” like the cash being proposed for residents near new pylons, the Scottish Government says.
14 North East Scotland energy transition firms share in £2.5m ETZ Challenge Fund grants
The grants ranging from £50,000 to £250,000 will to go businesses and projects located in Aberdeen, Aberdeenshire and Moray.
Urgent action needed to prevent UK’s energy sector being left in the cold, warns Vysus Group boss
Uncertainty over domestic energy policy and a failure to capitalise on Aberdeen and the wider UK’s potential are hindering the country's efforts to become a world-leader in the energy transition, Vysus Group CEO says.
Swedish heat pump firm Aira launches in UK pledging £300m investment
Swedish heat pump firm Aira has launched in the UK, pledging to create 8,000 jobs as part of a £300m investment.
All Winser advice accepted amid UK pledge to speed up grid connections
Government has accepted ‘all’ advice from a recent report aiming to halve the time taken to build new transmission, while boosting efforts to connect new energy projects.
Ofcom fines Shell Energy £1.4m for not telling customers their contracts were up
Ofcom has fined Shell Energy £1.4 million for breaching the regulator's rules after failing to let close to 73,000 people know that their contracts were coming to an end.
Homes close to new pylons to be offered £1,000 off bills a year under Hunt plans
Households closest to new pylons and electricity substations could receive up to £10,000 off their bills over a decade under plans being announced by Jeremy Hunt.
Households set to learn of fresh energy price rise
Households are set to learn that their energy bills will rise again from January as hopes for relief from the cost-of-living crisis are put on hold.
New Ofgem rules to clear ‘zombie projects’ from grid queue
Ofgem has announced new measures to speed up grid connections and eject slow-moving developments will come into force before the end of this month.
Net Zero Success Hangs on Rapid Power Grid Build-Out, IEA Says
Investment in the world’s electricity grids must double to more than $600 billion a year if nations are going to meet their climate targets and maintain energy security.
Award nominees announced for 2023 Scottish Green Energy Awards
Scottish Renewables has announced the shortlisted nominees for the 2023 Scottish Green Energy Awards, set to be held on November 30 in Edinburgh.
Baltics beef up infrastructure defense after suspected pipeline sabotage
Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the suspected sabotage on a gas link between Finland and Estonia last weekend.
Scottish energy transition AI firm raises $10m as part of growth push
An Edinburgh based AI firm has raised $10 million as it seeks to accelerate the global energy transition.
The power of shared data: Why we are building a Virtual Energy System
ESO's Head of Digital Transformation and Innovation Strategy, Carolina Tortora, says Virtual Energy System 'will serve as a vessel for every element of the British energy industry to publish its data onto a decentralised system.'
GE Vernova wins work on £2.5bn East Coast grid link
Grid operators have picked GE Vernova and Mytilineos Energy & Metals to help deliver infrastructure for a £2.5bn subsea cable linking the Central Belt and north east England.
Grok breathes new life into HVDC export plan to Singapore
The first priority is to secure regulatory approvals. SunCable will apply to the Singapore Energy Market Authority (EMA) to secure an import licence later this month.
In the spotlight: Systemic reform to UK electricity transmission
The capacity of electricity transmission assets in the UK has been in the spotlight, because a bigger, more complex network is needed to meet the Government’s net zero targets.
US grid shortfall undermines bold renewable energy plans
Cerasoli said the FERC rules were a good start. “The next problem, though, is that the grid is not going to be large enough to cope with the expansion of power, it needs to be upgraded,” he said.
Ofgem cuts energy price cap to £1,923
Ofgem has slashed the price cap on energy bills to £1,923 after wholesale energy prices fell further, it announced on Friday.
UK households look to lock in energy prices as crisis recedes
Fixed energy tariffs are making a comeback in the UK, allowing consumers to lock in power and gas rates now that prices have eased from last year’s record levels.