Ofgem will allow £64 million of additional funding requests from distribution network operators (DNOs) for rail electrification, street works and site security.
Regulators must be given new powers to ensure utility firms invest in sustainable infrastructure or the UK’s net zero emissions by 2050 target is at risk.
Ofgem chief executive designate Jonathan Brearley has said driving decarbonisation will be his “absolute priority” when he takes the hot seat next year.
Ofgem warns over slowing decarbonisation as regulator pays out second-highest system balancing costs
Decarbonisation of the UK’s energy supply is slowing, Ofgem has warned, while the cost of balancing the UK’s power system spiked to its second-highest ever in 2017/18.
ENA discusses Open Networks adaptation to build on ‘relentless focus on innovation, delivery and net zero’
The Energy Networks Association (ENA) has lauded the “relentless focus on innovation, delivery and net zero” its Open Networks project has, declaring it vital to new emissions reductions targets.
Jonathan Brearley is to take over as chief executive of UK energy regulator Ofgem, succeeding Dermot Nolan.
Four energy suppliers have been ordered by Ofgem to pay outstanding Renewables Obligations fees by the end of the month or risk having their licences revoked.
Ofgem has been accused of “passing the buck” over the financial repercussions of its Targeted Charging Review (TCR).
The UK’s power sector is seeking an expedited process to any review of system security standards, and pleaded with Ofgem to take seriously concerns over how embedded generation is disconnected during frequency events.