UK Wind Farm Payments and the Case for Zonal Pricing Reform
Nearly half of the world’s electricity will be generated by renewable sources by the end of the decade
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.
Electricity rates need to increase by 70% to fund additional wind farm installations
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.
Seaside residents offered cheaper power if they support offshore wind farms.
For some, a serene view of the sea is invaluable, but for others, it may come with a cost.
Octopus Energy buys 10% stake in Dutch offshore wind farm
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.
Immediate Changes Needed for UK Offshore Wind Power Following Problematic Auction
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 owner of Npower, has seen its UK profits increase by more than double.
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 to invest £15.5bn into global offshore wind projects and farms
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 energy companies have been fined £8m due to delays in issuing final bills
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