Energy News - May 2025
Top stories for May…
Renewing beats switching – It’s now slightly cheaper for businesses to renew energy contracts than switch, with average bills down 5%.
Price cap to fall 9% – Ofgem’s cap forecast to drop in July, saving households around £170 a year.
Volatile prices worry businesses – 66% of firms concerned about energy price spikes and supply reliability.
Sustainability gap – 80% of asset managers failing to turn sustainability plans into action despite strong intentions.
Fusion energy progress – Report suggests fusion could power the grid by 2035, though challenges remain.
