The energy price cap, which limits how much energy providers can increase their prices by, is set to rise by a further £800 in October, Ofgem has confirmed. Ofgem’s chief executive, Jonathan Brearley, said the cap is expected to increase to £2,800 a year, due to continued volatility in gas prices. This means that the typical […]
Ofgem has published a new consultation to look at whether the energy price cap should be updated quarterly rather than every six months. Ofgem says a more frequent price cap would reflect the most up to date and accurate energy prices and mean that when prices fall from the current record highs, customers would see […]
The 2022 Queen’s Speech, delivered by Prince Charles for the first time, revealed a new Energy Bill aimed at boosting energy security and renewable energy. In the speech, Prince Charles said: “My Ministers will bring forward an Energy Bill to deliver the transition to cheaper, cleaner, and more secure energy. This will build on the success […]
More commercial energy providers exit the market as costs continue to rise. Scottish Power has announced that it is exiting the UK industrial and commercial energy markets. Owned by Spanish energy firm Iberdrola, they announced last month that they will stop selling energy to British industrial and commercial (I&C) customers. Why has Scottish Power stopped […]
Earlier this month, the Government published its long-awaited Energy Security Strategy in response to the ongoing energy crisis. The plan sets out how Great Britain will accelerate the deployment of wind, new nuclear, solar and hydrogen, whilst supporting the production of domestic oil and gas in the nearer term – which could see 95% of electricity by 2030 […]
Chancellor Rishi Sunak’s latest Spring Statement has produced headline-grabbing announcements such as a cut to duty of 5p per litre on petrol and diesel. Although a cut to fuel will undoubtedly help many small business owners, he also announced two new business rates reliefs will be brought forward by a year to come into effect […]
As the war on Ukraine intensifies several countries, including the United Kingdom, have imposed sanctions on Russian energy exports. On the 8th of March, the UK government announced that it will phase out Russian oil imports by the end of 2022, while the US is banning the import of all oil and gas and the EU plans […]
What should you do if your business energy provider collapses? In the past few month, several energy providers have collapsed as rising wholesale gas prices threaten the sector. A number of factors have contributed to soaring energy prices, including high global demand, as well as maintenance issues and lower solar and wind energy output. Dermot […]
As of 2022, any new building projects in the UK will be required to include charging points for electric vehicles, in preparation for 2030 when the sale of petrol and diesel cars will end. Under legislation announced by Prime Minister Boris Johnson, new houses, and non-residential buildings such as supermarkets and office sites, will be […]
Managing Director of Enexus Energy, Dan Serghi, speaks to National World about the current UK energy crisis, sharing his industry knowledge and expertise and answering consumers’ burning questions. Dan breaks down the current energy crisis, explaining the causes and the potential solutions. Read the full article for his advice and insights.