Strategy, policy & regulation

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Ofwat sets ‘very problematic’ revised PR24 schedule

Ofwat sets ‘very problematic’ revised PR24 schedule

Ofwat may not make its final rulings on water companies' £100 billion business plans until the end of January 2025, just two months before the next asset management period begins. Senior water company figures told Utility Week that the revised timetable is "very problematic" and "borderline ridiculous".

1 year ago

ESO may ‘snatch defeat from the jaws of victory’ over DFS penalty proposals

1 year ago

Labour promises ‘much tougher’ regulation of energy market

1 year ago

Ofgem to extend bad debt support provision in price cap

1 year ago

Let’s be pragmatic – not dogmatic – about the future of gas

1 year ago

Latest

Ofwat encourages equity raising to finance investment

David Black, Ofwat's chief executive, has told investors he expects that water companies will need to raise equity as well as debt to finance the investment needs of the next price review from 2025. Black also said it is "extraordinary" that companies have not recognised the benefits of linking executive pay to performance, something they will be required to do as part of their licence conditions for PR24.

3 years ago

Vince halts Ecotricity sale

3 years ago

The energy sector needs to recharge, reshape, and renew

3 years ago

Environment Agency urged to act faster on improving river basins

3 years ago

December energy bill strike is ‘absolutely concrete’

3 years ago

New BEIS powers risk undermining Ofgem’s independence

3 years ago

Ofwat mulls universal pollution commitments at PR24

3 years ago

Welsh government to establish publicly-owned energy firm

3 years ago

Masdar acquires battery developer Arlington Energy

3 years ago

Blackout warnings must be a wake-up call

National Grid’s creation of a demand flexibility service, as part of package of measures to secure supply this winter, may eventually be seen as a pivotal moment in the creation of a flexible energy system. Steve Cunningham, chief executive of Geo, argues that concern over blackouts could propel forward work on establishing easy and attractive ways for consumers to turn down their energy use.

3 years ago

Sunak restores fracking ban but blows cold on onshore wind

3 years ago

So Energy looks to raise £50m to firm up finances

3 years ago

Mild weather and near-full storage see gas prices tumble

Mild October weather and the filling of storage across Europe have seen gas prices tumble in recent weeks following the extreme highs seen towards the end of last month. The prices of both month-ahead and winter-ahead contracts have fallen by more than half following the extreme highs at the end of August. However, ICIS gas and LNG analyst Alex Froley tells Utility Week prices are still far from "normal" and that concerns remain about how storage will be refilled in summer 2023 in time for the winter afterwards.

3 years ago

Imbalances between regulators and networks must be resolved

3 years ago

Shapps appointed BEIS secretary; Coffey returns to Defra

3 years ago

Yorkshire gives debtors breathing space

3 years ago

Energy crisis sees reversal of long-term decline in PPMs

3 years ago

Ofwat warned price cap proposals risk supplier failures

3 years ago

Move to spread network upgrade costs are ‘not equitable’

3 years ago

Majority support for public ownership of utilities

3 years ago

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