The startup company Ripple Energy has recently launched a project that provides customers with the opportunity to become part-owners of a wind farm in the United Kingdom.
The Graig Fatha wind farm in South Wales is expected to become the first consumer-owned wind-powered facility, which is made in partnership with Octopus Energy and Co-op Energy.
The recent COVID-19 pandemic has put a halt on smart meter rollouts in the UK and now that the lockdown is easing up suppliers are slowly resuming such installations.
Four of the country’s Big Six suppliers, including British Gas, Npower, E.ON, and SSE,
Npower, recently acquired by E.ON, is one of the UK’s largest suppliers of gas and electricity. It has gained a customer base making it a Big Six energy provider along with British Gas, E.ON, Scottish Power, SSE, and EDF.
The UK’s industry regulator Ofgem confirmed its decision to allow energy suppliers to defer network payments in light of the on-going COVID-19 pandemic. The new scheme, amounting to £350 million, will support energy providers that are yet to have their investment-grade credit rating.
Employment in this time of crisis can be considered a blessing, especially since a lot of furloughs and job cuts have been happening across industries. Working in the energy sector has been challenging—more so now that customers need this essential service and their suppliers assist them without fail.
The recent May bank holiday in the UK sparked the lowest-ever electricity demand across the country. While low demand may sound easy to handle, there is a lot of work that goes on to ensure that the National Grid does not collapse. There needs to be a balance between generation and supply across the country.