Ofgem stressed that it will need the help of industry if it is to strike the right balance between enabling the energy transition and keeping costs to within acceptable limits, as it designs the second set of network cost controls.
Ofgem’s proposals to overhaul forthcoming price controls for network companies will prove to be the “acid test” for its ability to properly regulate the market.
Ofgem has published its proposals for a radical overhaul of how it controls the cost of the UK’s energy networks.
Ofgem is to restructure itself around three core divisions in a streamlining exercise intended to initiate a greater focus on protecting consumers.
Scottish and Southern Electricity has issued a detailed response to Dieter Helm’s Cost of Energy review, picking fault with what it considers key oversights and a lack of accompanying evidence.
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.
National Grid’s UK power transmission profits slid more than 20% in the first half of its 2017/18 financial year, with the system operator (SO) continuing to prepare for its changing role in the power market.
Energy network companies have unveiled plans to join forces and develop joint network innovation strategies across gas and electricity, with the latter seeking to create new opportunities in battery storage, renewable generation and other developing technologies.
Ofgem has contested National Grid’s potential £840 million bill for grid reinforcements required to bring the controversial Hinkley Point C project on-stream.
Power provider and network operator SSE has defended the RIIO framework just as Ofgem said operators should prepare themselves for tougher price controls.