First government auction pays companies to power down

James Murray
clock

UPDATED: Pilot auction awards £1.28m to help save enough power at peak times to make 37 million cups of tea

The government has today announced the results of the first auction to offer payments to companies that curb energy demand, revealing that 22 projects are to share £1.28m. The Department of Energy and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Efficiency

McVitie's invests £68m in plans to slash emissions by 876 tonnes

McVitie's invests £68m in plans to slash emissions by 876 tonnes

Investment set to refurbish key operating facilities as part of efforts to slash operational carbon emissions

clock 15 July 2025 • 2 min read
'Significant untapped potential': IEA calls for renewed push to improve industrial energy efficiency

'Significant untapped potential': IEA calls for renewed push to improve industrial energy efficiency

Flurry of reports released at Annual Global Conference on Energy Efficiency, highlighting how efficiency gains can enhance economic and corporate competitiveness

James Murray
clock 12 June 2025 • 3 min read
Government warned it risks voter 'backlash' if it cuts Warm Homes Plan

Government warned it risks voter 'backlash' if it cuts Warm Homes Plan

Poll claims failure to deliver on manifesto pledge to double energy efficiency funding would further erode support for Labour government

James Murray
clock 28 May 2025 • 4 min read