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Energy prices

Close up of hand holding a spatular stirring food in a frying pan on a gas cooker hob

1/6/2026 News

UK energy bills to rise despite growing role of renewables in the electricity system

The UK energy price cap will rise by 13% as wholesale gas volatility continues to affect household bills, despite the continued decarbonisation of the electricity system.

Electricity

Close up of Octopus Energy wind turbine

6/9/2023 News

Octopus launches ‘free energy’ power ups

Octopus Energy has teamed up with UK Power Networks to offer households free energy to help the grid exploit excess renewable power.

Onshore wind

Aerial view of onshore wind farm

18/2/2026 News

Onshore wind to return to England in AR7a round

In the second part of the AR7 renewables auction, new onshore wind has been agreed at a price of £72.24/MWh and new solar at £65.23/MWh.

Energy prices

Ed Miliband giving speech while standing behind lecturn and microphone

27/4/2026 News

UK government attempts to weaken dependence of electricity price on gas

The UK government has announced plans to offer voluntary long-term contracts for low-carbon generators not currently on fixed-price contracts (about a third of low-carbon electricity generation). It has also raised the rate of the Electricity Generators Levy from 45% to 55% on profits of gas operators during price spikes. Both actions, it says, will help reduce the dependence of UK electricity prices on the price of gas which is set by international markets.

Biomethane

Two biofuels storage tanks amongst fields

19/4/2023 News

Boosting Europe’s biomethane potential by 66%

Over the next five years, a new European Union (EU) funded project aims to ‘diversify the technology basis for biomethane production in Europe, reduce production costs and contribute to the uptake of biomethane technologies’ in a bid to increase European biomethane potential by 66%, reports the European Biogas Association (EBA).

Solar

Small group of sheep standing in front of a row of solar panels

19/10/2022 News

Lightsource BP to start construction on its largest UK solar project to date

Lightsource BP has confirmed that it has issued notice for construction contracts for what will be its largest ever UK solar project. Construction of the 61 MWp project will begin at Tiln Farm, Retford, in November. The company will be investing over £40mn into the project, which when complete will generate enough energy to power the equivalent of 14,230 UK homes.

BESS

Aerial view over row upon row of solar panels

17/12/2025 News

Major shift signalled by availability of cheap batteries which means solar power can be delivered 24/7

A report by energy think tank Ember suggests that cheaper batteries are unlocking the full potential of intermittent solar power round the clock.

Electricity

Person checking their smart meter reading

30/11/2022 News

UK energy reduction scheme creates 108 MW of grid flexibility in first test session

Octopus Energy has released the preliminary results from its first ‘saving session’, an energy reduction scheme that pays UK households to shift their energy usage out of peak times.

Energy prices

Aerial view over row of wind turbines on mountain ridge, extending into the distance

19/2/2025 News

Cost of renewables is forecast to continue falling globally, as China extends its manufacturing lead

The cost of clean power technologies such as wind, solar and battery technologies is expected to fall by 2–11% in 2025, breaking last year’s previous cost reduction records, according to analyst BloombergNEF (BNEF). Meanwhile, China’s clean technology manufacturing capacity has led to rising protectionism in the form of import tariffs by countries hoping to prevent cheap imports upending their own energy markets. Trade barriers could temporarily stall cost declines, but BNEF still expects the levelised cost of electricity (LCOE) for clean technologies to fall 22–49% by 2035.

Energy prices

Close up of gas ring alight

7/9/2022 News

UK domestic energy prices to rise by 80% from October

UK energy regulator Ofgem has announced the increase in the domestic energy price cap – an 80% rise to £3,549/y for a dual fuel arrangement for an average household from 1 October 2022. It also warned that prices could be significantly higher again next year.

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