Household energy bills will rise by approximately £120 per year to fund the development of hydrogen gas as part of the government’s net zero agenda. Between 2030 and 2040, the programme to manufacture low-carbon hydrogen is expected to cost £3.5 billion per year. According to reports, the costs could be added to home bills beginning … Read more
Britons can receive £6,000 in home improvement subsidies if they replace their antiquated heating systems with a greener one. The government’s boiler upgrade scheme gives financial assistance to the British people in replacing outdated gas, electric and oil heating systems, which increase carbon emissions, with heat pumps that use fewer fossil fuels. In addition, the … Read more
As of the beginning of April, energy suppliers had roughly £7 billion in customer cash following a mild winter and cautious consumer usage meant they consumed less gas and electricity than expected. According to research produced by comparison site Uswitch.com, over 16 million homes are allegedly due £6.7 billion in aggregate credit to their suppliers, … Read more
As part of preparations to disrupt essential infrastructure, Russian spy ships are found surveying wind farms and key communication lines off the coast of Britain. Details of the clandestine “ghost ships” missions were revealed as Downing Street and GCHQ leaders warned of an increase in Russian-aligned hackers attempting to “disrupt or destroy” energy assets such … Read more
In order to meet net zero goals, households will be penalised if they do not switch from gas, according to a new rule announced today. Grant Shapps, Secretary of State for Energy Security and Net Zero, commented on the new proposal on Wednesday. If we want people to switch to an electricity-based economy, [levies] should … Read more
Households are facing a decade of higher energy bills from the race to hit net zero and inflated gas prices, KPMG has warned. According to Yael Selfin, chief economist at KPMG, bills will remain high for the next five to ten years because the “transition to net zero will add cost one way or another … Read more