Regulation

Ofgem considers action against suppliers over late RO payments

Five energy suppliers could be issued with final orders by Ofgem over £7 million in late renewables obligation (RO) payments. The retailers in question are Ampoweruk, Whoop Energy, Goto Energy, Home Energy Trading and Colorado Energy.

Elexon says CAP could rise further

Elexon has confirmed following a consultation that the Credit Assessment Price will rise to a record £184/MWh. Since August there have been three increases to the CAP, each representing a new record figure.

BEIS proposes centralised strategic approach to offshore wind development

Early price cap adjustment must come with additional support for customers

Defra proposes modernisation of abstraction licences

Energy market sees triple supplier failure

Nolan: Failed suppliers have no right to complain

SoLR tally for 2021 already exceeds previous five years

Yorkshire calls for WACC to be set independently

WPD CEO: National Grid shares our vision of the future

Shell Energy appointed SoLR for Green

Shell Energy Retail has been appointed as supplier of last resort (SoLR) to the customers of recently failed supplier Green. Shell, which already serves around 900,000 customers, will take on the 255,000 domestic and a small number of business customers.

Avro is the acid test for SoLR

Government ‘far too complacent’ over energy failures

BEIS and Ofgem ‘should consider one-off price cap adjustment’

A one-off adjustment to the price cap or even quarterly caps should be considered by Ofgem and the government, an ex-big six boss has suggested. Former Npower chief executive Paul Massara was talking to Utility Week about the options he believes the Department for Business, Energy and Industrial Strategy (BEIS) and the energy regulator will be considering as part of the industry’s response to the influx of supplier failures following a spike in wholesale costs.

Energy UK: There is no cash down the back of the sofa