Regulation

Latest

Scrapping big six label ‘shows competition has worked’

Ofgem’s decision to adopt a new classification of domestic suppliers by market share reflects how the market has changed in recent years, industry experts have said. Utility Week gauges reaction to the move, including from former Npower boss, Paul Massara.

5 years ago

Retail market performance charges to resume in January

Ofwat has confirmed the temporary suspension of market performance charges will continue until the end of December. Amounts that would have been due will still be recorded but will not be payable.

5 years ago

New green heat goals should mean no more ‘wait and see’

5 years ago

Weekend press round-up: More than half of £50bn wind farm cash to go overseas

In our latest review of sector coverage across the national newspapers, concern is expressed about whether homegrown supply chains will lose out in the UK’s spending boom in offshore wind. Details of Boris Johnson’s 10-point green plan are also explored, including regional disparities in the installation of electric car chargepoints. Meanwhile, a plan to export Scottish water to England to deal with shortages has been blocked by ministers north of the border.

5 years ago

Ofwat accused of ‘populist’ attacks on foreign investors

Yorkshire Water has accused Ofwat of resorting to "populist" tactics, with an "unrestrained attack" on foreign investors in the sector. The company warned that the regulator risks undermining trust in the system and driving away investors. The accusations are included in the latest submission to the PR19 appeals.

5 years ago

ESO agrees to formulate new plan for implementing TERRE

5 years ago

Ofgem proposes £21 increase to price cap

5 years ago

Networks trial new approach to engaging innovators

5 years ago

PM’s vision puts ED2 in the spotlight

Former Ofgem chief executive Dermot Nolan has told Utility Week that Boris Johnson’s green plan has “shone the spotlight even more brightly on RIIO-ED2”. He pointed to the move to bring forward the ban on petrol and diesel car sales to 2030 as having major ramifications for DNO’s business plans for the next price control and said there will “inevitably be tensions” around the levels of investment required.

5 years ago

Regulatory reform required to achieve 10-point plan

5 years ago

On the move: Ofwat, SSE, Rebel Energy

5 years ago

Net zero requires £400bn spend this decade

Green infrastructure investment must double from current levels, to £40 billion per annum over the next decade, to reach the UK’s decarbonisation target. This is the conclusion of research by PwC, which has also warned that half of the investment opportunities identified would currently be unable to access low-cost capital because they would be considered too high risk. It has called for government to urgently identify mechanisms to ensure this funding is forthcoming.

5 years ago

CMA confirms extension to water company appeals

5 years ago

BEIS considers net-zero guidance for Ofgem

The government is “looking at” amending Ofgem’s remit to explicitly reflect the net-zero 2050 target that was enshrined in legislation last year, the energy minister has said.

5 years ago

Will Ofwat’s new innovation fund make a splash?

Ofwat’s new £200 million fund for water sector innovation aims to trigger transformational change in the way the sector tackles it's grand challenges. But will it succeed? This was the question up for debate among industry leaders at a virtual round table, supported by CGI.

5 years ago

Preparing for an infrastructure revolution

5 years ago

Ofwat adjusts price controls

Ofwat has adjusted water company price controls to reflect actual performance in 2019/20 instead of forecasted data. Thames, Southern, Yorkshire and Anglian saw the biggest change to allowed revenue for the so-called blind year

5 years ago

Enhanced protection for business customers proposed

5 years ago

Suppliers allowed to submit own electricity settlement estimates into 2021

5 years ago

Deferral of new social reporting questions ‘could create blind spot’

Fuel poverty charity National Energy Action has raised concerns following Ofgem’s decision to defer the introduction of new questions and categories regarding social obligations reporting by a year. Licence conditions stipulate that suppliers must submit data to the regulator quarterly and annually on a variety of areas, including debt levels, disconnection rates, prepayment meters, smart meters, payment methods used by customers and help for vulnerable customers.

5 years ago