Cost of Energy

Cost of renewable energy is prohibitively high – Report

Cost of renewable energy is prohibitively high – Report

The brunt of the rising costs of electricity are being born by the poorest in society, a new report in Australia has said. The report is written by the Australian Council of Social Service (Acoss) and the Brotherhood of St Laurence. The report also highlighted the prohibitively high cost of […]

Government scheme fails to deal with UK energy crisis

Government scheme fails to deal with UK energy crisis

New rules around the regulation of the national grid to incorporate the unreliability of renewables will mean consumers have to reduce electricity consumption at peak times. The Business and Energy secretary Greg Clark unveiled a new vision for UK energy which includes battery facilities and incentives for individuals and businesses […]

Two thirds of Welsh micro businesses wary of rising energy costs

Two thirds of Welsh micro businesses wary of rising energy costs

A survey has shown that 67% of Welsh micro businesses feel the rising cost of energy is threatening their future. The survey of UK micro businesses also showed that 42% feel they get an unfair deal from energy suppliers and over 71% believe they have been unfairly penalised by unhelpful […]

Affordability trumps environmental concerns, Australian energy minister says

Affordability trumps environmental concerns, Australian energy minister says

Whilst focusing on the rapidly escalating energy prices in Australia the government is also maintaining its technology neutral approach to energy. Speaking at an event the energy minister Josh Frydenberg said that dealing with the high prices faced by business and individuals trumps concerns about carbon emissions. He said: “Unequivocally […]

Energy companies call for honesty over UK smart meter rollout

Energy companies call for honesty over UK smart meter rollout

Energy companies in the UK have warned that the process of installing smart meters is both expensive and complex, amid an £11 billion government-backed infrastructure rollout. Replacing traditional electricity and gas meters, smart meters are designed to provide accurate, real-time data on how much energy customers use – marking an […]

Major NSW employer warns of high energy costs

Major NSW employer warns of high energy costs

A major employer in New South Wales, Australia, has warned it may have to cut production due to high electricity costs. The chief financial officer of Tomago Aluminium (which employs over 1200 people in New South Wales), Steve McIntyre, has said: “Tomago faces substantial economic risk as a result of […]

Rising electric car demand will necessitate 18 gigawatts more capacity

Rising electric car demand will necessitate 18 gigawatts more capacity

The National Grid has said that rising levels of electric car use will create 18 gigawatts of electricity demand by 2050. This prediction follows developments such as Volvo’s pledge that every one of its vehicles will have an electric motor from 2019. The 18 gigawatt increase is the equivalent to […]

Renewables critic Professor Dieter Helm appointed to review UK energy costs

Renewables critic Professor Dieter Helm appointed to review UK energy costs

Dieter Helm, an academic who is a critic of the cost of current renewable power has been selected to lead a review into the cost of UK energy. The Conservative manifesto promised a report into the cost of UK energy as a first step towards “competitive and affordable energy costs.” […]