Regulation

Ofgem warns suppliers over poor behaviour

In demand: Why the DFS needs to deliver

Latest PPM warrant backlash prompts call for further change

Next step taken to permanently end prepayment premium

Ofwat approves retail code changes

Water regulator Ofwat has approved changes to the wholesaler, retailer code that will simplify processes for business customer disconnections and tariff alteration requests. As part of work undertaken by MOSL, multiple similar approaches are to be streamlined to make it consistent for customers and trading parties.

Ofgem proposes new ‘sandbox’ to test regulatory changes

Ofgem plans to establish a Future Regulation Sandbox to test and trial changes to energy regulations ahead of full adoption and collect evidence to inform difficult policy decisions. The proposed scheme builds upon, and would be in to addition to, the Energy Regulation Sandbox previously introduced by Ofgem to allow innovators to apply for regulatory derogations to trial new products and services or launch them into the market.

Ofgem to introduce monitoring for price cap exempt tariffs

Changes to wholesale costs raise investability concerns

Energy UK has raised concerns about proposals set out within Ofgem’s update on its ongoing wholesale cost review. The trade association has written to the regulator’s price cap team, warning that current proposals “reflect a fundamental departure from previous wholesale cost reviews, and, if pursued, raise serious concerns about the investability of the sector”.

Ofgem throws weight behind locational pricing

National Grid to get head start on £298m upgrade

Ofgem is set to release early construction funding (ECF) so National Grid can get a head start on its £298 million transmission upgrade in Yorkshire. The regulator has confirmed its minded-to position to approve National Grid Electricity Transmission’s ECF application which asks for up to 20% of the project’s total estimated cost.

Green light for National Grid’s £252m ‘SF6-free’ site upgrade

Ofgem has approved the final needs case for National Grid Electricity Transmission’s (NGET) planned £252.6 million upgrade of its Harker site in Cumbria. The plans consist of an offline rebuild of 132kV and 400kV substations, along with the rationalisation of the 275kV substation. The proposal also includes the implementation of SF6-free solutions across the site.

Ofgem considers extending ban on acquisition-only tariffs

Ofgem is considering extending the ban on acquisition-only tariffs beyond March 2024. The ban was introduced alongside the Market Stabilisation Charge (MSC) as a temporary measure to ensure fair competition in 2022 as wholesale energy prices began to soar. Earlier this month, the regulator confirmed that the MSC will finally come to an end in March next year. However, Ofgem has now revealed that it is open to extending the ban on acquisition-only tariffs as a “standalone measure".

Heat pump funding pot tipped to be ‘blown’ before deadline

Ofgem to adopt new regulatory regime for major grid upgrades

Ofwat flags financial concerns with half of water companies