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No cut off date for revenue cap is ‘troubling’, says Pinchbeck

Energy UK's chief executive has warned the government it "should expect a strong response" on its decision to award itself open ended powers in its new legislation to cap generators’ revenues. Emma Pinchbeck stressed: "Acting with speed is not the same thing as acting in haste."

2 years ago

Ministers ‘wrestling’ to prevent revenue cap from undermining investment

The government is “wrestling” to make sure its plans to cap the windfall revenues being captured by low-carbon generators on the back of massively increased gas prices do not undermine future investment, the climate minister has said. Giving evidence to the House of Commons Environmental Audit Committee, Graham Stuart said the objective of the Energy Prices Bill introduced to Parliament on Wednesday (12 October) is to ensure “no firms" should “unduly” profit from the Russian invasion of Ukraine at the “expense” of UK consumers.

2 years ago

Power market review should encourage heat pumps

2 years ago

Electricity market reform: it’s not what you do, it’s the way that you do it

2 years ago

ESO issues Capacity Margin Notice for second time this summer

3 years ago

Centrica agrees £7bn LNG export deal with US firm

3 years ago

ESO gives early view of winter supply margins

3 years ago

Price cap forecast to hit £3,850

3 years ago

Energy UK ‘very nervous’ about proposed supplier obligation

3 years ago

Kwarteng raises postcode lottery fears over local electricity pricing

3 years ago

Ofgem outlines potential options for net zero reforms

3 years ago

Wholesale market reform vital to meet 2035 green grid goal

3 years ago

Ofgem proposes to extend market stabilisation charge

3 years ago

SSE warns against root and branch wholesale reform

3 years ago

From rebates to real reform: The case for an Energy Reset

3 years ago

Wholesale electricity market is ‘no longer fit for purpose’

3 years ago

Locational electricity pricing could save £30bn by 2035

3 years ago

Gas crisis, price crisis, climate crisis

3 years ago

Volatility brings shift towards longer-duration batteries

3 years ago

EU aims to slash Russian gas imports by two-thirds in 2022

The European Union has set out ambitious plans to cut its dependence on Russian gas imports to one third of their current levels in 2022. Meanwhile, business and energy secretary Kwasi Kwarteng has said ministers are exploring ways to reduce the UK’s reliance on gas imports from Russia whilst also announcing a ban on oil imports from the country by the end of this year.

3 years ago