Regulation

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Weekend press round-up: UK households will need help paying winter bills, warns supplier

In our latest review of sector coverage across the national newspapers, Ovo Energy’s founder says the government will need to provide a “safety net” for households struggling to pay their utilities bills. Elsewhere, Octopus is set to create 1,000 new jobs and there is renewed speculation about upcoming policy announcements set to impact the sector.

5 years ago

Proposal to allow independent aggregators to trade flexibility in wholesale markets

5 years ago

Seven suppliers owe £34m in missed RO and FIT payments

Seven energy suppliers owe the regulator £34 million in Renewables Obligation (RO) and Feed-in Tariff (FIT) scheme payments. Figures released by Ofgem show Robin Hood Energy owes in excess of £12 million, while Tonik Energy has failed to pay £8.6 million.

5 years ago

What next for water companies working with lower WACC?

5 years ago

Taskforce recommends fixed balancing charges on suppliers

5 years ago

Ofgem’s regulatory shift: What can energy firms learn from financial services?

5 years ago

Councils need clarity over role in network planning

5 years ago

Industrial firms slam Ofgem over ‘crippling’ rise in gas transmission charges

5 years ago

CMA rocks the boat

5 years ago

Yorkshire: This is still a tough settlement

Yorkshire Water has told Utility Week that notwithstanding the gains allowed by the CMA on its PR19 appeal, the regulatory settlement remains tough, particularly with the opex challenge and difficult ODIs to deliver.

5 years ago

Paypoint ‘abused dominant position’

Ofgem has alleged a company which provides over the counter services to prepayment energy customers breached competition rules, causing detriment to suppliers. The regulator says that between 2009 and 2018 exclusivity clauses in Paypoint contracts meant retailers were left with limited ability to use rival services.

5 years ago

Watchdogs warn CMA decision will affect more than water bills

Consumer watchdogs have welcomed the CMA's increased spending allowances for projects that were important to consumers but warned its overall stance could set a precedent for other regulated companies and add to the pressure on household finances.

5 years ago

Ofwat: CMA’s allowed returns are too generous

Ofwat has expressed concern that in its PR19 provisional redeterminations, the CMA has set a rate of return that is lower than that requested by the appellant companies in their business plans. Senior director David Black told Utility Week this goes against the precedent of previous cases. Read his comments and reaction from across the industry.

5 years ago

Ofgem forecasts a 20% increase in cost of administering RO

Ofgem has revealed it expects the costs of administering the renewables obligation (RO) for the 2020-21 year to be £6.6 million – a 20 per cent increase compared to the previous year. The administration charges are used to cover a number of costs under the scheme.

5 years ago

Trio appointed to manage new Retail Energy Code

5 years ago

CMA sets new cost of capital for PR19 appellants

5 years ago

Ofwat to adjust price controls to reflect ‘blind year’

Ofwat has calculated price control adjustments to accurately reflect the final year of AMP6 (2019-20) which could see companies returning money to customers for underperformance.

5 years ago

Smart meters or emergency brakes?

5 years ago

Ofgem set to approve EDF’s £4.5m claim for SOLR costs

EDF Energy’s claim for £4.5 million of additional costs in taking on Solarplicity’s customers through the Supplier of Last Resort (SOLR) process looks set to be accepted by the energy regulator.

5 years ago

What to expect from CMA on PR19 appeals

The CMA is due to deliver its initial redetermination of the PR19 business plans from Anglian, Bristol, Northumbrian and Yorkshire imminently. Will it side with Ofwat or the companies on customer engagement, returns and resilience? Utility Week gauges the view of an analyst, legal expert and ratings agency.

5 years ago