Blog
Powerstar Round-Up 103
Powerstar rounds up the latest news and updates in the energy sector
Powerstar Round-Up 104
Welcome to the latest round-up. We have pulled together some of the biggest developments in energy into one, convenient list to help you keep up to date with the ever-moving landscape of the UK’s energy sector.
1
Europe spent an extra 800 billion euros on energy over winter
The European Union spent 792 billion shielding homes and businesses from the energy crisis
2
Leading corporate climate pledges branded ‘wholly insufficient’
A survey of the decarbonisation pledges of 24 corporates found they would collectively reduce emissions by just 15%
3
National Grid spends £4bn on balancing payments in 2022
National Grid paid out more than £4bn to prevent blackouts and balance electricity supply with demand
4
Energy prices to rise as Chancellor rules out additional support
Prices expected to rise around 40% in April as Jeremy Hunt rules out additional support for energy bills
5
UK wasted energy wind energy for 1.2 million homes this winter
A lack of storage meant as much as 1.35TWh of wind energy was wasted during peak conditions
Read more here
6
Ofgem extends market stabilisation charge
Charge introduced last year to manage the impact of supplier’s exit from the market to be extended
Read more here
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