Regulation

Latest

Fitch downgrades Thames Water holding company

Fitch has downgraded Kemble Water Finance Limited, one of the holding companies for Thames Water, from B+ to B with a negative outlook. The change is partly in response to Ofwat’s recent decision to raise the trigger level for the cash lock-up conditions within water companies’ licences by one grade and require water companies to link dividends directly to their operational performance.

2 years ago

Elexon to remain in private industry ownership

2 years ago

OEP criticises Defra for missed review deadlines

2 years ago

‘Real opportunity’ for competitive PPM tariffs

2 years ago

Every day a greener day

2 years ago

Weekend press: Three suppliers force-fitted 70% of PPMs as bills rocketed

In our latest round-up of the weekend’s national news coverage, the government has revealed that British Gas, Scottish Power and OVO force-fitted seven in ten of all the prepayment meters installed using court warrants last year. Elsewhere, Ovo has launched a tariff that is cheaper than the government's cap on household bills.

2 years ago

Calls for outcomes-based water regulation get a boost

2 years ago

Single social water tariff ‘ought to be non-negotiable’

3 years ago

Lords back single social tariff in water

3 years ago

Investec forecasts sub-£2,000 price cap

3 years ago

Overlapping metering standards hampering flexibility

3 years ago

Doubts raised over Ofwat’s new powers

3 years ago

Business retailer fined for deliberate overcharging

United Gas & Power (UGP) has been hit with a £2.1 million financial penalty for multiple breaches of its licence conditions. A two-year investigation by Ofgem concluded that UGP deliberately overcharged customers, did not return credit balances owed to former customers and repeatedly failed to properly communicate at time of contract renewal.

3 years ago

Ofgem investigating potential breaches of EBRS

3 years ago

Brearley: Forced PPM ban to extend beyond this month

Ofgem’s moratorium on forced pre-payment meter installations will not end later this month, the regulator's chief executive Jonathan Brearley has revealed. Suppliers will also face fines if they do not improve the way that they identify vulnerable customers.

3 years ago

O’Shea defends Centrica’s forced PPM procedures

3 years ago

Regional planning role could overwhelm FSO

3 years ago

Back to the CMA

3 years ago

Northern Powergrid appeals ED2 decision

3 years ago

Weekend press: Government to end ‘prepayment premium’

The government is to end the “prepayment premium” by picking up the additional costs of the meters from suppliers. Also in Utility Week’s latest round-up of the weekend papers, Ofwat seeks new powers to block excessive dividends to shareholders and Thames Water appoints financial advisors to help tackle its mountain of debt.

3 years ago