In this month's feature article, we review the energy situation in the UK. On the domestic front, Ofgem has recently announced the new price cap figure of £1,849 for a typical household’s annual use of gas and electricity; this figure represents an increase of 6.4% over the January-March 2025 price cap.
UK energy policy has changed of late, following the election of a Labour government last summer. The quest for Net Zero by 2030 – a hardly realistic target – is now a priority. Rightly or wrongly, the issues of security of supply, electricity prices and generation investment have all been superseded by this overarching aim.
In recent months, the government has withheld licensing approvals for various oil and gas projects. Irrespective of the ca.£40bn Hinkley Point C nuclear power plant, the commissioning of which is now unlikely before 2030, other nuclear new-build projects are also being discussed, while output from wind plants accounted for 30% of GB’s generation output in 2024.
Will we see better times in 2025? Read the article to find out more.

28 Feb 2025
Hardman & Co Monthly: March 2025
Volta Finance Limited (VTA:LON), 605 | Real Estate Credit Investments Limited (RECI:LON), 122 | NB Private Equity Partners Limited Class A (NBPE:LON), 1,430 | ICG Enterprise Trust PLC GBP (ICGT:LON), 1,162 | accesso Technology Group Plc (ACSO:LON), 483 | Apax Global Alpha Ltd. (APAX:LON), 118 | Arbuthnot Banking Group PLC (ARBB:LON), 922 | H&T Group plc (HAT:LON), 404

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Hardman & Co Monthly: March 2025
Volta Finance Limited (VTA:LON), 605 | Real Estate Credit Investments Limited (RECI:LON), 122 | NB Private Equity Partners Limited Class A (NBPE:LON), 1,430 | ICG Enterprise Trust PLC GBP (ICGT:LON), 1,162 | accesso Technology Group Plc (ACSO:LON), 483 | Apax Global Alpha Ltd. (APAX:LON), 118 | Arbuthnot Banking Group PLC (ARBB:LON), 922 | H&T Group plc (HAT:LON), 404
- Published:
28 Feb 2025 -
Author:
Nigel Hawkins | Mark Thomas | Richard Jeans -
Pages:
21 -
In this month's feature article, we review the energy situation in the UK. On the domestic front, Ofgem has recently announced the new price cap figure of £1,849 for a typical household’s annual use of gas and electricity; this figure represents an increase of 6.4% over the January-March 2025 price cap.
UK energy policy has changed of late, following the election of a Labour government last summer. The quest for Net Zero by 2030 – a hardly realistic target – is now a priority. Rightly or wrongly, the issues of security of supply, electricity prices and generation investment have all been superseded by this overarching aim.
In recent months, the government has withheld licensing approvals for various oil and gas projects. Irrespective of the ca.£40bn Hinkley Point C nuclear power plant, the commissioning of which is now unlikely before 2030, other nuclear new-build projects are also being discussed, while output from wind plants accounted for 30% of GB’s generation output in 2024.
Will we see better times in 2025? Read the article to find out more.