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

Thames explains £250m investment discrepancy

2 years ago

Pennon acquires solar sites

Pennon has acquired three solar PV generation sites that will add around 95GWh of renewable energy to the company's portfolio. This equates to 40% of Pennon's electricity usage as it works towards a target of 50% renewable self-generation as part of net zero ambitions.

2 years ago

Octopus calls for clarity on FSO remit and accountability

2 years ago

Hands-off approach to energy transition is ‘unrealistic’

2 years ago

ENW and UKPN join forces to combat fuel poverty

2 years ago

Water beats national average for customer satisfaction

2 years ago

ESO calls for faster decision on future of heat

2 years ago

Network competition threatens UK access to cable supplies

Government moves to introduce competition into delivery of electricity networks could make it harder for the UK to procure scarce capacity in the global supply chain, the industry has warned. Responses to the House of Commons environment audit committee’s inquiry into the transmission network, which have been published over the past fortnight, show widespread concerns about proposals in the Energy Bill to enable competition in networks that currently operate as monopolies.

2 years ago

SSEN: 50GW offshore wind target difficult without ASTI

The government pledge to develop 50GW of offshore wind capacity by 2030 would be very difficult under the Large Onshore Transmission Investment regime, Scottish and Southern Electricity Networks has said. The network operator said it strongly supported the Accelerated Strategic Transmission Investment (ASTI) framework as an alternative because it enables a tranche of transmission projects to be fast-tracked.

2 years ago

Time to end the binary debate about utilities ownership

2 years ago

Thames Water results: Five things we learnt

Thames Water has published its eagerly-awaited annual results, following a fortnight of speculation about its financial health. The headline figures show revenue grew by 4% to £2.3 billion during the past year but EBITDA dropped 3% to £1.1 billion. Also within the 183-page document were revelations about bonus payments, environmental provisions and shareholder commitments.

2 years ago

Thames Water overhauls bonus structure

2 years ago

Steering Ofgem

2 years ago

Weekend press: Ofwat faces criticism as water sector crisis deepens

2 years ago

Thames shareholders agree to inject £750m

2 years ago

Wylfa nuclear sale talks ongoing

The UK government has confirmed that conversations are ongoing about the sale of the Wylfa nuclear site. The site on Ynys Mon has been earmarked by the government as a prospective site for housing one of the next generation GW scale nuclear power plants.

2 years ago

CCC boss casts doubt on 600,000 heat pump target

It is “hard to see” how the ninefold increase required to meet the government’s 2028 target of 600,000 heat pump installations can be achieved, the Climate Change Committee’s (CCC) head of net zero has warned. David Joffe said government is “doing the right things but not necessarily with sufficient urgency”.

2 years ago

Ovo and EDF urged to waive ‘unfair’ exit fees

2 years ago

Consumers want higher standards of water service

2 years ago

Renationalisation of water not the answer, says Conservative MP

Conservative MP John Penrose has warned that the water sector “would be worse had politicians been in charge”. Instead of renationalisation, Penrose told Utility Week that a “cheaper, quicker, tougher” regulatory regime was required.

2 years ago

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