Ofgem lifts price cap 5% to £1,928, blames wholesale market instability

Britain’s energy regulator confirmed market expectations this morning by increasing the dual fuel price cap with effect from January to £1,928 per year for...

Cornwall: 15 more months of price cap pain

The Israel-Hamas conflict, strikes at an LNG conversion plant in Australia & disruptions to the Finnish Balticonnector are among causes set to keep predicted...

Mark McAllister confirmed as new Ofgem chair

Britain's top nuclear scrutineer Mark McAllister was today confirmed as the incoming chair of energy regulator Ofgem, following endorsement by Parliament’s energy select committee. Currently...

Green energy chiefs hail new Energy Act reforms

Britain’s biggest group lobbying for low carbon power has welcomed the passing into law of the nation’s biggest shake up for a generation in...

Watchdog barks: Heatnet oversight ”will fail consumers” unless lower prices & fairer practices are...

The UK’s 900,000 heat network consumers will judge regulation to have failed if it does not deliver cheaper, fairer and more reliable heating systems,...

SP Energy Networks pockets smidgeon south of £1mill to boost grid by 20%-plus

Scottish Power Energy Networks has been awarded just south of £1million from Ofgem’s Strategic Innovation Fund  to progress two innovative projects. The grid operator’s Blade...

Mark McAllister favoured by government as next Ofgem chair

The government today named Mark McAllister, Britain’s top nuclear regulator, as its candidate to be the next chair of Ofgem. McAllister currently heads the Office...

Price cap drops to £1,923 from October: Bills still £200 higher than pre-Covid

Ofgem has confirmed its dual fuel retail price cap for average domestic bills will drop below £2,000 in 2023’s final quarter, even though large...

DNO backs Ofgem’s call for suppliers to offer compulsory 24/7 service support

A major distributed network operator (DNO) has backed Ofgem in its call on licenced suppliers to extend support for billpayers out of usual working...

Ofgem’s reform broom: “sharp practice” curbs on business supply, capital thresholds for home retailers

Britain’s energy regulator today introduced its widest-ever raft of reforms in heat and power supply, aiming to lift standards of customer service, curbing sharp...

Ofgem shortlists 4 connection competitors to link offshore wind

Ofgem has shortlisted four potential operators for its next OFTO (Offshore Transmission Owner) bidding round for three offshore transmission links worth an estimated £2billion. In...

E.On Next fined £5 million for wasting half a million customers’ time

Home power retailer E.ON Next Energy is to pay £5 million in compensation for poor standards of customer service, in consequence of repeated probes...

Ministers move to task Ofgem for greater Net Zero support

Energy regulators must now explicitly consider now their rulings help the government reach Britain’s Net Zero goals, according to new guidance from ministers. A government...

SSE fined £9.78 m for overcharging Grid during transmission constraint

Ofgem has imposed a £9.78 m fine on electricity generator SSE for overcharging National Grid ESO during periods of transmission constraint two years ago. The...

Ofgem cuts price cap from July, saves households average £426 per year

The retail price cap for domestic electricity & gas will be cut to £2,074 per year starting in July, regulator Ofgem confirmed this morning. The...

Cornwall predicts price cap of £2,053 from July, “no return this decade” to pre-Ukraine...

Energy economics analysts Cornwall Insight expect the household price cap operating from 2023’s third quarter will be the equivalent of £2,053 per year. Ofgem’s...

E.on, Octopus & Good Energy stump up £8 million fines for compensating customers too...

Energy regulator Ofgem has imposed penalties totalling £8 million on three suppliers for delaying or missing compensation payments to around 100,000 customers. E.On Next, Good...

Brearley calls for two-tier plan to speed grid connections

Waits of a decade and more to link new wind and solar farms into transmission grids present the biggest risk to the UK missing...

Net Zero goals “will be missed”, say MPs, as ministers’ claims holed by delivery...

Britain will miss government goals to strip all carbon from electricity generation by 2035, without a delivery plan to remedy incomplete, contradictory policy from...

Ofgem persuades powercos to ease up installations of prepayment meters

Britain’s consumer champion tasked by law with protecting power consumers has backed Ofgem’s new deal slowing power companies’ readiness to instal prepayment meters in...