UK Wind Farm Payments and the Case for Zonal Pricing Reform
UK Wind Farm Payments and the Case for Zonal Pricing Reform
According to forecasts, nearly half of the world’s electricity will come from renewable energy by 2030, but this achievement will still fall short of global targets.
The UK’s largest energy producer issued an alert following the most recent auction round, which failed to attract any bids for the construction of new farms.
For some, a serene view of the sea is invaluable, but for others, it may come with a cost.
Octopus Energy has secured a 10% ownership in the Borssele III & IV offshore wind farm located in the Dutch North Sea, with the purchase amount remaining undisclosed.
The government’s goal for the UK to generate 50 gigawatts from offshore wind by 2030 has faced a significant setback due to the unsuccessful auction.
E.On, the energy behemoth, has announced a £6.9bn surge in its UK sales over the past six months, largely attributed to the recent hikes in Ofgem’s price cap.
Octopus Energy has unveiled its ambitious plan to channel £15.5 billion into global offshore wind projects and farms by the end of this decade.
UK gas and electricity providers E.On Next, Good Energy, and Octopus Energy have been mandated to pay £8m due to their failure to provide timely compensation for delayed final bills