Ofgem has issued United Gas & Power Ltd (UGP) with a penalty fine of over £2 million after breaching numerous Standard Licence Conditions (SLCs), including deliberately overcharging customers.
The energy sector has criticised the lack of focus within the Spring Budget on the development of renewables, energy efficiency and infrastructure, despite some technology support.
The Department of Energy Security and Net Zero (DESNZ) has asked National Grid ESO to explore the potential of extending the contingency coal contracts into next winter, but all five units will be unavailable.
Following the early announcement of the extension of the Energy Price Guarantee (EPG) at the current rate of £,2500 for three months, there were only a few key energy focused elements to the Spring Budget.
The UK risks falling behind within the ‘global green-race’ due to the government’s unwillingness to invest and use industrial strategy, according to the Institute for Public Policy Research (IPPR).
In this weeks’ Current± Price Watch – powered by Enact – we take a look at the use of the coal units, the surge in imbalance price and how National Grid ESO worked to keep the lights on.