UK energy regulator Ofgem has announced that six projects are to share £57 million of funding to help local power networks become smarter. The money comes from Ofgem’s £500 million Low Carbon Networks Fund (LCN Fund). The projects will run in several areas across Britain, piloting new technology and commercial arrangements. They will create learning … Read more
UK energy regulator Ofgem has imposed a £1 million penalty on British Gas Business after an investigation found that the company had misreported the amount of electricity supplied under the Government’s Renewables Obligation. The error was caused by British Gas’s incorrect interpretation of the reporting requirements and insufficient procedures by the company. The Renewables Obligation … Read more
UK energy regulator Ofgem (Office of the Gas and Electricity Markets) has confirmed new rules that mean energy suppliers must give consumers at least 30 days advance notice before putting up their prices. The changes come into effect on 28 April 2011. This means that suppliers have 30 days in which to put these changes … Read more
UK energy market regulator Ofgem is proposing sweeping away complex and unfair pricing practices and requiring the ‘big six’ energy suppliers to auction up to 20% of their electricity generation output following a major review of the sector. Ofgem’s review found that competition is being stifled by a combination of tariff complexity, poor supplier behaviour, … Read more
UK energy regulator Ofgem has announced how the new performance-based RIIO framework will encourage the efficient investment and innovation required for Britain’s gas and electricity transmission and gas distribution networks. The price controls for these networks will run for eight years from 2013-2021. RIIO (Revenue=Incentives+Innovation+Outputs) is designed to incentivise companies to meet the unprecedented challenges … Read more
UK energy watchdog Ofgem has released its latest Electricity and Gas Supply Market Report, which indicates that that the margin on a standard dual fuel tariff is now around £90, an increase of 38% from September. Whilst Ofgem would expect efficient firms to make a profit, it wants clarity on behalf of consumers that the … Read more