The government’s recently announced Energy Price Guarantee will only continue in its current form until April 2023. What is the Energy Price Guarantee? The support scheme was announced by the government in September to reduce the impact of the energy price cap rise and was due to be in place for two years. It was […]
The government has announced that it will introduce a windfall tax on low-carbon energy companies in a policy U-turn. Last month the European Union announced a €140bn levy on firms and Liz Truss had faced growing pressure to follow suit, after repeatedly resisting calls to cap profits being generated by power companies. TUC general secretary Frances […]
Energy regulator Ofgem has published the results of a new review into how energy suppliers help customers in payment difficulties and has found issues ranging from minor through to severe weaknesses or failings. The deep dive found that, although good practice exists across the industry, with one supplier having no issues, most need to make […]
Clear support has been announced and is welcomed by businesses to offset energy prices that have dramatically increased in recent months. What help will there be? The government will cap the wholesale rate of energy at £211/mWh for electricity and £75/mWh for gas for all businesses that have signed a contract on or after 1/4/22. This is […]
69% of firms expect their energy costs to increase in the next three months, with almost a third anticipating rises of more than 30%, according to new survey data from the Confederation of British Industry (CBI). Its latest research reveals the extent to which businesses, like households, are concerned about soaring energy costs. More than two-thirds […]
How much money could switching to LED lighting save your business? As inflation and energy bills continue to rise, optimising your business energy consumption is more important than ever, particularly as we head into the winter months. With further increases to bills expected this autumn, it has become vital for firms to ensure they are […]
Researchers from the University of Glasgow have developed a new type of flexible heat pump technology, which could help households and businesses save on their energy bills and contribute towards Net Zero emissions goals. Heat pumps are a low-carbon alternative to gas boilers. They draw energy from external low-temperature sources, most commonly outdoor air, in […]
Government considering further electricity subsidies for energy-intensive businesses Businesses that use a high amount of energy, such as steel and paper mills, could see further relief under new proposals to help subsidise their electricity costs. The UK government is consulting on the option to increase the level of exemption for certain environmental and policy costs […]
The UK’s offshore energy producers are to invest £200-£250 billion to provide the nation with secure and increasingly low carbon energy, according to research by Offshore Energies UK. It has assessed the spending plans of offshore energy companies operating in the North Sea and other UK waters, looking at their investment plans between now and […]
The government’s Energy Security Bill, announced as part of the Queen’s Speech, has been introduced into Parliament. The Bill includes new measures which aim to help the UK transition to a cleaner, more affordable, homegrown energy system. The government says the Bill will drive £100 billion of private sector investment by 2030 into new British industries […]