Electricity North West has said consumers could be saved around £300 million over the next 25 years simply by lowering their electricity supply with voltage controllers without anyone noticing a difference in their power supply.
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.
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.
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.
Dieter Helm has pitched his vision for the future energy market, including a “significantly diminished” role for Ofgem as its responsibilities are largely redistributed.