Households across Britain can expect to see energy bills rise by £116 annually by 2030 to cover a substantial £90 billion investment intended to expand the national electricity grid and
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Recent financial reports reveal surging profitability for the three companies that operate Britain’s high voltage transmission networks, offering a stark contrast to the difficulties faced by other sectors under mounting
Energy bills are set to increase by £3 from January as Ofgem, the UK energy regulator, has announced a new price cap of £1758 per year for the typical household.
British households will see a marginal increase in energy bills at the start of the new year, as Ofgem, the energy regulator, raises the price cap on standard tariffs. From
UK household energy debt is projected to reach £6 billion in 2026 according to new analysis from consultancy Baringa. Their study reveals a quarter of households will struggle to pay
Ovo Energy is initiating significant reductions to its expenditure in a bid to secure its financial position as the company confronts heightened regulatory pressures imposed by Ofgem. The energy supplier,
Small businesses throughout the United Kingdom face a sharp rise in electricity standing charges as the costs of energy network upgrades and government discounts for heavy industry are shifted onto
Ovo Energy, the United Kingdom’s fourth-largest energy supplier, has issued a stark warning regarding its future viability following its failure to meet Ofgem’s updated financial resilience requirements. The company, which
British households are set to face higher energy bills from October as the rising cost of paying wind farms to switch off pushes annual prices up by two per cent.
Elon Musk’s Tesla is on the brink of a significant move into the UK energy sector. The renowned US electric car manufacturer has officially applied to the Great Britain energy
In a landmark decision, Britain’s energy watchdog Ofgem has authorised an unprecedented £24 billion investment in the nation’s electricity grid infrastructure. The investment package includes £15 billion for gas transmission
British households are bracing for another increase in their energy bills, with the typical annual dual-fuel bill projected to rise by 1 per cent to £1,762 when Ofgem updates the
British households are bracing for another increase in their energy bills as Ofgem announces a 1 per cent rise in the price cap, pushing typical annual costs up by £21
As the colder months approach, households across Great Britain are preparing for another increase in their energy bills. Forecasts from Cornwall Insight, a respected energy consultancy, indicate that the government’s
In a significant move towards a greener future, Great Britain’s energy regulator, Ofgem, has given the go-ahead for a £3.4 billion low-carbon electricity “superhighway.” The subsea power cable, known as
