Energy Live News’ Post

🚀 Latest Stats from Ofgem are available: How are UK Energy Suppliers Really Meeting Their ECO4 Targets? The latest statistics from Ofgem provide a detailed look at how well major UK energy suppliers are performing against their ECO4 targets. 🏠🔌 🔍 Key Highlight: EDF Energy leads the pack with 62.79% of its Energy Company Obligation targets achieved! Other performances include: British Gas: 47.57% of its targets met E.ON Energy: 47.69% Ovo Energy: 47.00% Octopus Energy: 31.11% The ECO4 scheme, launched on July 27, 2022, aims to enhance energy efficiency across the UK, reduce carbon emissions, and help consumers lower their energy bills. 📉🌿 💡 Statistics at a Glance: Home Heating Cost Reduction Obligation: Overall progress at 43.73% Solid Wall Minimum Requirement: 65.77% of the target met EFG Minimum Requirement: Achieved 54.40% of the goal ECO4 Flex Cap: Only 17% progress towards the cap of 50% There's more info at https://lnkd.in/gRWE7-HQ #EnergyEfficiency #ECO4 #Sustainability #EnergySavingGenie #Ofgem #UKEnergySuppliers #GreenEnergy

Ofgem warns energy suppliers of tough action on new PPM rules. Ofgem has warned energy suppliers to comply with new prepayment meter rules or face consequences, as EDF, Octopus Energy and ScottishPower get approval to resume involuntary installations. #energyprices #energycrisis #energytransition #energyindustry #energynews

A new International Energy Agency (IEA) report, Electricity Grids and Secure Energy Transitions, offers a first-of-its-kind take on the world’s power grids and provides key recommendations for policy makers, highlighting what is necessary in areas such as investment, regulation and planning. This special report also examines the urgent upgrades required not only to physical infrastructure but also to the way grids are planned and managed – quantifying the costs of delayed action. The grid is the backbone of the clean energy transition, and AutoGrid is leading the way with solutions for harnessing and orchestrating distributed energy at scale. Read the IEA report here: https://lnkd.in/gDa_JPBg #EnergyTransitions #IEA

Today's report from the IEA includes strong validation that demand side flexibility is essential for the energy transition: "Grids need to both operate in new ways and leverage the benefits of distributed resources, such as rooftop solar, and all sources of flexibility. This includes deploying grid-enhancing technologies and unlocking the potential of demand response and energy storage through digitalisation." At AutoGrid, we couldn't agree more.

Ofgem reports delays in electricity connections process. The energy regulator has stated that ESO's proposal alone may not fully achieve the objectives outlined in the CAP, emphasising the need for continued progress on other actions. National Grid ESO #energycosts #energycrisis #energycustomers #energymarket #gridconnections

Customers advised to consider fixed tariff amid projected energy price rise. EDF has advised customers to switch to their fixed tariff ahead of projected price cap increases. Cornwall Insight #electricity #gas #energybills #energyconsumption #energycosts  #energycrisis #energycustomers #energydemand #energypricecap #energyprices #energysaving

UK commits to building new gas power stations. The Energy Secretary has unveiled plans to support the construction of new gas power stations, ensuring reliable energy amid the transition to net zero. Department for Energy Security and Net Zero Claire Coutinho #electricity #gas #energybills #energycosts #energycrisis  #energycustomers #energydemand #energyprices #energysecretary #energysecurity #energysupplier #energysupply

The Energy Secretary, Claire Coutinho, is set to outline government plans to bolster the UK’s energy security, reach net-zero in a pragmatic manner and reduce reliance on foreign dictators and their energy. The plans include: - The building of new gas-power stations. - Bolstering gas capacity through the Review of Electricity Market Arrangements. - Providing flexible generation to help reduce energy bills. Find out more about the plans and reaction to them in the link below! #energy #energysecurity #netzero #gas #policy

National Grid electricity system operator (ESO) calls for ‘Decisive action’ on energy transition from Starmer and Miliband to begin within just two years or miss key targets. The ESO believes that the UK can achieve a net-zero energy system by 2050 with the Conservatives’ targets in place of decarbonising the grid by 2035 and banning new petrol and diesel car and van sales by the same date. With Labour intending to pull both of these dates forward to 2030 and the recent flurry of solar farms approvals perhaps the message is finally being heard by central government. #energy #nationalgrid #ESO #planning

Decarbonisation is a major global challenge. Regulators worldwide must think of how to design an electricity market that can transition to renewable energy while keeping the power supply stable and affordable. Find out how Britain and Australia are decarbonising their electricity grids at https://lnkd.in/gknMJyAb #Singapore #Electricity #Roundtable #Energy #NEMS20