Category: Energy bills

National Grid taps shareholders to help fund £60bn low-carbon energy switch

Infrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UKNational Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on …

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High interest rates could add billions to UK green energy transition, says report

Resolution Foundation calls for fourfold increase in renewable power investment to reduce pressure on household billsA permanent shift to higher interest rates could add billions of pounds to the UK’s renewable energy transition, a leading thinktank ha…

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UK heat pump rollout criticised as too slow by public spending watchdog

Installations must speed up 11-fold as advisers say latest changes to scheme likely to make 2028 target even harderThe public spending watchdog has criticised the slow pace of the government’s heat pump rollout just days after ministers postponed an im…

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Environmentally friendly heat pumps hit slump in Europe, says lobby group

Sales fell 5% over 14 countries for which data exists, according to the European Heat Pump AssociationEurope’s heat pump market has hit a slump, industry data shows, holding up the continent’s efforts to heat its homes without polluting the planet.Manu…

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‘Greener, cheaper, much warmer’ – heat pump owners laud their new system

Report finds users even in Victorian properties and older rural homes are noticing cheaper bills and warmer homesGillian Woodward, 50, says her house has been “completely transformed for the better” by installing an air source heat pump. Woodward, a co…

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As a global energy crisis returns the UK push for a green economy makes even more sense | Richard Partington

Rishi Sunak’s decision to dilute net zero policies has become even more shortsightedEarlier this year, the world economy had a lucky escape. After a mild winter in Europe, energy prices were in retreat as the continent shifted away from Russian gas sup…

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