Ofgem has said network operators should prepare for tougher price controls in the future just as a consumer watchdog lamented billions of pounds of profits it said were unjustified.
Levels of decarbonised, decentralised generation needed to meet the UK’s Paris Climate Change agreement would require “significant” changes in regulation to facilitate, SSE has warned.
Power giant and ‘Big Six’ utility E.On has powered up a new energy trading division in several European markets which it says will leverage the company’s renewable generation.
Western Power Distribution (WPD) has unveiled how it intends to transition to a Distribution System Operator (DSO), and spend £125 million on doing so.
UK Power Networks is collaborating on a smart grid project with National Grid which it says will mark a “significant step” towards it becoming a Distribution Systems Operator (DSO).
The UK power market’s transition to a more decentralised, decarbonised and digitalised grid is happening faster than regulation can keep up, Ofgem’s Andrew Wright has said.
The UK must remain as closely aligned as possible to the wider European energy market after it exits the European Union, a leading trade association has warned.
UK power giant Centrica has disposed of the last of its combined cycle gas turbine (CCGT) power stations in the UK to focus primarily on decentralised generation assets.
The renewables and decentralised energy generation industries have slammed Ofgem’s decision to cut embedded benefits, warning that it risks damaging next-generation power flexibility.
