Ofgem proposes refundable fees (£237,500 to £712,500 per MW) for data centre developers to connect to the UK electricity grid, citing a surge in demand from AI-driven projects.
Millions in England, Scotland, and Wales face a 13% energy price increase from Wednesday. Bill payers without smart meters are urged to submit meter readings to avoid higher rates. Analysts predict prices may persist into winter due to the US-Israeli war's fallout.
Millions in England, Scotland, and Wales face a 13% energy price hike on Wednesday. Bill payers without smart meters are urged to submit readings to avoid being charged previous usage at the new, higher rate. Analysts predict prices may persist into winter despite a potential slight dip in October.
Ofgem has provisionally approved 16 long-duration electricity storage projects, including three new pumped storage hydropower facilities in Northern Scotland, marking the first such projects in Great Britain in over 40 years, aiming to reduce reliance on energy imports.
Ovo Energy will pay over £10m after Ofgem found inadequate monitoring of vulnerable customers with prepayment meters posed a risk of harm. The settlement includes £7m to Ofgem's redress fund and £3.4m in credit/debt relief for customers, plus £1.1m for rural Scottish customers.
Household energy bills in Great Britain are forecast to rise by over £200 annually from July, reaching nearly £1,900, due to increased wholesale energy prices linked to the Iran war disrupting Gulf supplies. Experts warn of continued high costs and urge a shift to renewables.
UK households face an estimated £200 annual increase in energy bills, reaching nearly £1,900 from July, due to rising wholesale prices linked to geopolitical events. Experts suggest targeted support and a shift to renewables for long-term stability.
British Gas will pay up to £112m in compensation and debt write-offs for forcibly installing prepayment meters in thousands of homes during the 2022 energy crisis, following an Ofgem investigation.
British Gas will pay up to £112m in compensation and debt write-offs after Ofgem found it forced prepayment meters on vulnerable customers during the Russian gas crisis.
