Lifting ban on ‘acquisition-only’ tariffs would herald return to energy’s ‘Wild West’, says Octopus
Britain’s two-year old ban on energy price cuts designed to lure switchers away from their existing suppliers on rates lower than paid by existing...
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...
Ofgem likes LionLink & Tarchon interconnectors, consults on six more
Plans for two high voltage cable links to Europe which could help power millions of homes have been recommended for approval by energy regulator...
Ofgem sets out 5 year masterplan to green & decarb UK power
Power markets regulator Ofgem today publishes its latest five-year strategy for Britain’s electricity system. ‘Protect, Build, Change, Deliver’ are its watchwords for speeding delivery...
Ofgem greenlights first faster Grid upgrade with up to £2 billion
The first project to proceed under a new fast track approval process designed to expand Britain's grid at speed, has received up to £2...
Ofgem fines Drax £6 million for three years of Balancing Mechanism excess claims
Renewables generator Drax has admitted breaches of its licence in relation to unjustified Balancing Mechanism claims made during repeated periods of grid constraint.
Implying today...
Ofgem probes energy brokers’ fees & suppliers’ complaints handling
Britain’s power regulator has launched a six-week consultation seeking business users’ views on services delivered by third-party energy brokers, including fees charged.
Also under scrutiny...
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...
Sunak reacts to Ofgem’s “once in 30-year event”, as cap on energy bills rockets...
The new default price cap on home energy bills will rise 54% in April to £ 1,971, regulator Ofgem announced this morning. The...
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...
Cornwall un-sunny on price cap: “Expect 46% rise for next summer, & winter 2022...
Analysts at respected consultants Cornwall Insight are forecasting the default price cap for home energy tariffs covering summer 2022 will shoot up to approximately...
Ofgem consults on replacing price cap
Britain’s energy regulator today opened up its long-promised consultation on the future of the retail price cap for domestic billpayers.
Ofgem defends the price cap...
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...
Octopus completes acquisition of Bulb
Extravagantly paid energy tyro Hayden Wood’s “too-big-to-fail” failed supplier Bulb, once the doyen of lying premier Johnson, finally collapsed into the arms of Octopus...
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...
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...
Ofgem convenes English mayors in quest of better local grid planning
Seven Metro Mayors and leaders of major English cities were among civic chiefs convened by Ofgem’s CEO Jonathan Brearley in a bid to spur...
Standing charges are suppliers’ stealth tax on SMEs, trade body charges
Too many energy retailers are using rocketing standing charges as a ruse to inflate bills for small firms, according to lobbyists at the Federation...
Cornwall Insight: Overhaul market design to boost sensitivities between wholesale and retail
Root and branch reform of UK wholesale and retail energy markets is needed to avoid repeats of impending market failures threatening to pitch millions...
Ofgem warns Balancing Mechanism players
Rocketing costs of last-minute interventions needed to balance Britain’s power grid have prompted an Ofgem warning that it stands ready to tighten market rules...