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.

Digitalisation looks set to bring about fundamental change in the energy sector, saving hundreds of billions of US dollars by easing network constraints and removing the need for new infrastructure.

Siemens has continued to bolster its UK presence with a new partnership with Grid Battery Storage Limited (GBSL) which will see a 22MW portfolio of four projects built and an ‘energy storage as a service’ offering launched.

E.On has launched a new campaign to promote its fledgling EV charging network as it prepares to bring E.On Drive to the UK.

Vattenfall has been granted an independent distribution network operators (IDNO) licence by Ofgem, allowing the Swedish company to move into the UK’s network operations market.

National Grid has confirmed an overhaul of the grid balancing markets it operates, pledging to “rationalise” products such as frequency response and operating reserve.

Disruption caused by cyber attacks and the rise of greater decentralised generation pose of the greatest risks to traditional utilities, analysis by consultancy firm EY has concluded.

Flexible and distributed energy sources in the UK will reach 25GW by 2030 according to Aurora Energy Research, which has forecast potential annual revenues close to £3 billion as batteries, ‘peakers’ and demand-side response (DSR) come to the fore.