UK wind progress ‘not fast enough’ to meet 2030 targets
Delays in offshore wind construction and the cancellation of key projects will see the UK fall short of its 2030 deployment targets, according to analysts Cornwall Insight.
Cornwall Insight
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.
Same contracts, big difference as 2023 CfD round approaches
Despite patchy political and policy support for renewables over the last decade, the UK’s Contracts for Difference (CfD) system has been a resounding success.
Ofgem lowers energy price cap but bills still expected to rise for households
Ofgem is lowering its energy price cap - the amount suppliers are able to charge - from the current £4,279 per year to £3,280 for the average household, effective from April 1, it has announced.
Energy experts look to next winter as gas crisis is set to continue in 2023
Expert eyes are starting to turn to Christmas 2023, as Europe has kept the lights on through this festive period despite an energy crisis that has gripped the continent for more than a year.
Energy suppliers exposed to nearly £2bn debt as households struggle with bills
Energy suppliers may be exposed to around £1.9 billion in debt, much of which could be unrecoverable, as households struggle to pay soaring energy bills.
UK exploring 10bcm US LNG supply deal: reports
The UK government is reportedly pursuing a new liquefied natural gas (LNG) supply deal with the US as it looks to secure shipments ahead of next year.
Brexit ‘slowed down investment’ into UK renewables, report finds
Brexit has “posed challenges” to development of renewables in the UK, according to a new report into the country’s energy transition.
Cornwall Insight – 8GW of onshore wind and solar already eligible to bid in upcoming CfD round
A potential 8 gigawatts (GW) of onshore wind and solar is eligible to bid in the upcoming Contracts for Difference (CfD) round.
New report blames nuclear power for big Scottish wind farm shutdown payments
Huge sums payed to Scottish wind farms to stop generating electricity are directly related to the difficulty of shutting down nuclear power facilities, according to a new report.
Thousands of households paid to use electricity during sunny weather
Thousands of households across Britain were paid to use electricity on Tuesday as sunny weather and fresh winds coupled with low demand.
‘Large majority’ of future renewables projects could be in Scotland, analysts suggest
A "large majority" of future renewable energy projects could be based in Scotland, according to analysts for a energy research firm.
Higher energy bills likely due to the Saudi oil attacks
The drone attack which knocked out half of Saudi oil production is likely to put up energy bills for UK consumers, an analyst said.
Big Scottish wind projects too far from ‘areas of demand’, market analysts claim
Scotland's biggest offshore wind projects could ultimately suffer from being too far from major areas of UK demand, according to a market research analyst.
Next CfD round will be ‘dominated’ by offshore wind, research firm claims
The next UK renewable energy Contracts for Difference (CfD) licencing round will be dominated by offshore wind, according to business research group.
Offshore wind could be cheaper than onshore by 2030
The UK offshore wind sector could become more competitive on price than its onshore counterpart, according to a research group.