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Want to know what stories are making waves in the energy industry this week? Here are the big stories from the last 7 days…
The past few weeks have seen a number of energy providers raise prices, ostensibly due to the cost of environmental charges. The Committee on Climate Change (CCC) has fought back with a report that states that 2016’s household energy bills were actually lower than those in 2008, with higher prices offset by reduced energy usage.
£180 million electricity reserve scheme ‘left unused’ – Clean Energy News
Energy security is a current buzzword. In fact, a recent report from the Federation of Small Businesses (FSB) found that 60% of small businesses consider it to be their top energy priority. However, the Energy and Climate Intelligence Unit has found that a £180 million reserve power scheme, designed to provide support during times of peak demand, has gone unused since its creation in 2013. Does this mean that energy security concerns have been overblown?
There are 1.7 million hectares of peatland in Scotland, and erosion is a serious problem; which is why the government has pledged £8 million to restoring the damaged areas. The measures fall under Scotland’s draft Climate Plan as harmful carbon emissions are released when the peatland is eroded by rain or sunlight.
Deepmind is Google’s machine learning – or AI – product, and it could soon be used to make the UK energy industry more efficient. Google are in talks with the National Grid about the potential of using Deepmind to maximise the use of renewables within the UK energy mix.
Energy companies face growing calls for price intervention – The Telegraph
The controversy over rising domestic standard rate tariffs shows no signs of stopping, as consumer action groups call for the government to stage an intervention. Much as out of contract business energy rates are poor value, standard rate tariffs see customers paying well over the odds for energy. A group of 50 MPs have asked for ‘immediate action’ from the government to take the pressure on already stretched households.
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