Network company profits could add as much as £20 to the average energy bill this year, new analysis by the Energy and Climate Intelligence Unit (ECIU).
The UK’s distribution network operators (DNOs) are broadly hitting output targets established by Ofgem, but the regulator has issued yet another warning that the next set of controls stand to be much tougher.
Projects supporting markets for flexibility have been endorsed by Ofgem within the regulator’s Network Innovation Competition (NIC).
Ofgem has revealed how it could overhaul current network access arrangements and charges in a bid to address perceived system imbalances and save consumers significant sums.
Dieter Helm has pitched his vision for the future energy market, including a “significantly diminished” role for Ofgem as its responsibilities are largely redistributed.
Chris Pritchett, contract lawyer and partner heading up the energy and environment practice at Foot Anstey, recently served as moderator for the “Developers and financiers debate” at the Energy Storage Conference at the Solar & Storage Live 2017 show in Birmingham. In attendance were fund managers and project developers and a robust discussion followed and afterwards, Chris caught up with Andy Colthorpe for an in-depth interview on camera.
Ofgem has taken £200 million from some distribution network operator (DNO) allowances following a new review of price controls.
Pressure is continuing to mount on the UK’s distribution network operators (DNOs) after a report from the Energy & Climate Intelligence Unit (ECIU) think-tank has claimed their profit margins added £10 billion to consumer bills in a six-year period.
Distribution network operators (DNOs) are facing a combined potential penalty of £13.9 million from regulator Ofgem for under-performing in providing connections to their customers in the latest example of the hardening stance being taken against network operators.
Two distribution network operators (DNOs) have applied to Ofgem for approval to invest £79 million in funding between them to boost their active management capabilities and counteract the challenges of increasing volumes of low-carbon technologies.