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6th September 2018 Ofgem Imposes Energy Cap in UK
UK energy bills could be cut for more than 10 million households in the UK. However energy companies share prices rose on the announcement suggesting energy companies got away with one.
UK Prime Minister Theresa May suggested the energy saving per UK household should be bigger prior to OfGems decision so maybe the energy companies have protected their profits from even bigger hit.
UK governments energy price cap is less than the one promised by UK Prime Minister.
The new cap is being imposed on default energy tariffs. People who are too loyal or too lazy to shift energy supplier will be better protected but not as protected as was envisaged.
10th July 2018 UK Should Not Over Expand Nuclear Power Generation As Its Not Likely To Be Cost Effective
An independent advisory group has told the UK government that Britain should only build the Hinkley Point C power station. More power plants would not provide a balanced cost effective energy generation plan for the UK.
Nuclear power generation is more reliable but very expensive in comparison renewable energy.
Britain plans to build many new nuclear power generation plants to replace existing nuclear plants and coal power stations and cut carbon emissions. After Hinkley Point C could come one built by Japans Hitachi.
The National Infrastructure Commission NIC advised the British government that renewable energy sources could be the safest bet for the UK in the long term and be the lowest cost outcome for consumers.
The National Infrastructure Commission was established in 2015 an is an independent body responsible for advising the UK government of the day on how best to meet the UKs long term infrastructure needs.
NIC has recommended the UK takes steps to ensure renewable energy accounts for half of electricity generation by 2030. Currently around 30 percent of electricity generation comes from renewable energy. Low cost renewable energy is likely to be cheaper than future nuclear power generation by more newer nuclear power plants according to NIC.
Costs of renewable energy energy will fall faster than nuclear power generation costs according to NIC
The UK government must respond to NICs recommendations within 12 months.
28th December 2017 Green Energy Production In UK Seeing New Highs
June 2017 saw the first time that wind nuclear and solar power generated more energy than gas and coal combined. The UK now provides the 7th cleanest power system in the world. British wind farms produced more electricity than coal energy plants on more than 75 percent of days in 2017.
22nd September 2017 Wave Power Update
MeyGen tidal energy station off the coast of Scotland has broken the record for the amount of electricity generated. In August it produced enough energy to power 2,000 homes.
Tidal power stations work like underwater wind turbines powered by the power of the currents in the ocean.
A study has previously reported that Scotland could produce almost of half of Scotland’s electricity demands from tidal power stations if there was enough tidal power stations around the coats of Scotland.
16th December 2016 EDF To Increase Fuel Bills For First Time In 3 Years
EDF will increase standard duel fuel bills from 1st March 2017 by 1.2%. Its cutting its standard gas tariff by 5.2% from 1st January 2017 but increasing electricity prices by 8.4% from 1st March 2017. March April is the time when the biggest energy providers tend to make changes to tariffs after the winter demand spike falls away.