01342 332057
info@utilityweek.co.uk
This weekend, the national newspapers covered speculation about the next review of the price cap. There was also contrasting coverage of two of energy retail’s most prominent disruptors – with industry sources airing concerns about Bulb’s mounting losses while Octopus Energy’s Greg Jackson talks about becoming the “Amazon of energy”.
5 years ago
The deal concerns several projects across the UK. Habitat's platform can maximise the value of assets across wholesale markets.
A leading energy academic, who has been chosen to advise the new Climate Assembly, has warned it is “one hell of a job” to decarbonise the UK economy by 2050. He was speaking ahead of the first meeting of the Assembly, which brings together 110 members of the public to try to reach consensus on the net-zero journey.
Heat pumps and networks look set to be the principal means of keeping Wales’ new homes warm from 2025, according to new draft building regulations. The Welsh government’s revisions to the regulations which govern energy use in new housing say there that while there may be a role for hydrogen in heating the homes of the future, it expects heat networks and pumps to be the principal source of low-carbon heating.
The Mayor of London has pledged to make the capital the biggest city in the world to be carbon neutral by that start of the next decade. He said: “There’s no doubt that it’s an ambitious target and that it’s going to be hard for our city to meet, but unless London is really stretched we won’t meet the changes that we desperately need.”
Eon already supplies 100 per cent renewable-backed electricity to domestic customers. It now aims to get 100,000 small businesses to sign up in the next 12 months.
In this weekend’s press round-up: Conservative MP John Penrose says consumers are still being ripped off after Theresa May introduced the “wrong kind” of price cap; Octopus Energy acquires 70,000 customers from French energy firm Engie; and water companies defy Ofwat by paying out hundreds of millions of pounds in dividends.
In his new role, the outgoing governor of the Bank of England, will be tasked with helping the government “mobilise ambitious action” from investors and businesses ahead of the climate change summit, being held in Glasgow in November.
A consultant has argued that assembling portfolios of solar and windfarms, located in different parts of the country, gives those holding such Capacity Market contracts a better chance of providing power when it is needed.