Energy

The 1st April is the 1st anniversary of the abolition of the Government’s feed-in tariffs (FITs) for new renewable energy schemes – a financial subsidy that supported the development of green energy generation. Despite predictions that this would halt the growth of clean energy generation, Gloucestershire-based solar power company, Mypower, says this has been a positive benefit for commercial-scale solar power which has since flourished, their own business has doubled in the past year and, thankfully,…

That’s according to a new statistical report published by the Department for Business, Energy and Industrial Strategy (BEIS), which details energy statistics from across the fourth quarter of the year and provisional annual data for the whole of 2018. It shows 111TWh of electricity was generated from renewable sources, as a result of a 9.7% increase in capacity to 44.4GW. Increasing output from oil, bioenergy and waste, wind and solar contributed to total energy production…

uSwitch believes this could happen if suppliers increase their rates to match the level of the cap That’s according to price comparison and switching service uSwitch, which expects 15 million energy customers on standard variable tariffs (SVTs) to see their bills increase by more than £100 a year as the price cap level rises to an average of £1,254 per year. The organisation warns suppliers are likely to up their rates to the level of…

Statkraft has announced a new partnership with redT to provide a fully financed solar and storagesolution with 100% renewable energy for businesses in the UK. Claimed to be the first offering of its kind in the country, the solution is expected to enable businesses to save up to 20% on their bills over the next 25 years. Statkraft will provide a long term corporate power purchase agreement (PPA) for the solar and battery storage technology, alongside a 100% renewable supply deal from its…