A group of claimants have failed in their bid to delay Ofgem’s implementation of drastic changes to Embedded Benefits payments.
Foresight Solar Fund, one of the UK’s largest owners of utility-scale solar assets, has detailed how changes to the way embedded benefits are calculated will impact its top line.
Ofgem has kicked off its review process to reform residual charging for both demand and generation across transmission and distribution networks with the launch of a significant code review (SCR).
The renewables and decentralised energy generation industries have slammed Ofgem’s decision to cut embedded benefits, warning that it risks damaging next-generation power flexibility.
Ofgem has said it is minded to drastically cut embedded benefit payments to local embedded generators as part of what it says is a bid to protect consumers and prevent market distortion.