The electric vehicle revolution that promised to transform the automotive landscape has stalled, leaving the world’s largest carmakers nursing combined write-downs exceeding $60 billion. This correction represents not merely a
Suppliers Hit Out at Green Levies as UK Energy Bills Climb
Energy Giants Warn Green Levies Could Add £300 to Bills by 2030
UK wind farm owners receive millions in payments to shut down turbines.
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.
UK Energy Executives to Meet Minister to Discuss Support for Vulnerable Households
Leaders from British Gas owner Centrica, EDF, Octopus Energy, and other energy firms will meet with government minister Miatta Fahnbulleh today to discuss strategies for supporting vulnerable households this winter.
Octopus has surpassed British Gas as the largest energy supplier in the UK.
Founded in 2015, Octopus has become the UK’s largest domestic electricity supplier, overtaking British Gas, according to recent figures from the energy regulator.
Octopus embarks on constructing its own electricity pylons, challenge to National Grid.
Domestic energy provider Octopus is challenging the National Grid by planning to construct its electricity pylons, driven by dissatisfaction with the current network expansion rate.
Energy prices expected to be ‘hundreds of pounds’ lower starting April, according to Octopus Energy.
Greg Jackson, CEO of Octopus Energy, anticipates a significant reduction in the energy price cap from April, as a result of the suppliers’ forward-buying strategies.
UK Households must pay at least £246m to cover Bulb bailout
Households are expected to bear the financial burden of at least £246 million to cover the costs of rescuing the failed energy provider, Bulb, as per warnings from MPs.
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.