The UK’s ambitious goal of securing a net-zero economy by 2050 has led it to have the world’s fastest decarbonisation rate, with carbon emission levels from power consumption falling by approximately two-thirds in the last decade, which was revealed in a report by the Imperial College of London researchers.
Ofgem issued a provisional order to small energy supplier Outfox the Market, compelling the company to pay over £600,000 for the Feed-in-Tariff (FiT) scheme by 12th February 2020.
The Department of Business, Energy, and Industrial Strategy or BEIS has recently changed leadership, with Alok Sharma taking over as energy secretary and COP26 minister after Andrea Leadsom was removed from office as part of Prime Minister Boris Johnson’s cabinet reshuffle.
The UK recently achieved a new milestone in renewable energy generation as the Creacombe Solar Farm, the first post-subsidy community project developed by Community-Owned Renewable Energy Partners (CORE) and Yealm Community Energy (YCE), started generating power last January following its successful completion.
Ovo Energy was sanctioned by the UK energy regulator Ofgem to settle an £8.9 million fine into the voluntary redress fund due to the issuance of inaccurate and incomplete billing information to customers, and for overcharging domestic customers because of IT issues.
Jonathan Brearley, new chief executive for UK’s energy regulator Ofgem, has unveiled the firm’s Decarbonisation Action Plan on his first day of office.