Ofgem could save customers a further £4.1 billion by tightening new price controls set out within RIIO-2, Citizens Advice has said.
A general lack of collaborative thinking, particularly in relation to whole system solutions, could hold back network innovation, the sector has been warned.
As you may have already noticed, Clean Energy News is no more. Do not adjust your set, you are now reading Current± which, from here on in, will serve as your resource for the energy transition.
Liam Stoker talks to Andrew Scobie and Richard Dowling of the Faraday Grid to talk fixing a broken energy system, an internet-esque revolution at grid-level and what’s wrong with electric vehicles.
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.
National Grid has hit out at Ofgem’s proposals on grid works required for Hinkley Point C, warning they could harm investment in UK energy infrastructure.
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).