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.
Over a million households could face a £720 increase in energy bills due to ‘leaky home’ charges.
Over a million individuals residing in older residences are expected to experience a £720 increase in heating costs this winter, according to a recent report from a think tank.
UK Household energy bills to fall by £150 a year
Household energy costs are set to decrease by approximately £151 annually as the economic impact of Vladimir Putin’s incursion into Ukraine continues to diminish.
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.
The UK authority plans to clamp down on power producers reaping ‘unreasonable profits’.
The UK energy watchdog, Ofgem, has criticized power station owners for exploiting the system to generate excessive profits and outlined measures to curb this behaviour.
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
The pound has experienced a surge in value and is now considered the top performing currency this year
With the Bank of England predicted to continue increasing interest rates, the pound has surged and is now recognized as the best-performing currency among developed economies this year.
As the Cold Snap continues, Snow moves into parts of UK
As forecasters warn about severe weather conditions, snow has been spotted in parts of the UK.