ofgem

August 4, 2023

Heat network customers to experience fairer energy prices

New government plans unveiled today (4 August) could allow hundreds of thousands of heat network customers benefit from fairer energy prices.

July 27, 2023

Centrica first-half profits soar due to changes in the price cap

Profits at British Gas owner Centrica have increased to almost £1 billion in the first half of 2023 as a result of changes to the price cap.

July 20, 2023

Ofgem approves £95.3 million in SIF funding for ten projects

Energy regulator Ofgem has approved up to £95.3 million in funding that will go to ten projects focusing on clean heat, zero emission transport, data and digitalisation and whole system integration.

45.5% of NI electricity consumption came from renewables. Image: Expect Best (Pexels)

July 19, 2023

Ofgem shortlists four operators for its ‘largest offshore transmission tender ever’

Energy regulator Ofgem has shortlisted four potential operators for its next Offshore Transmission Owner (OFTO) bidding round for projects worth around £2 billion.

Planning consent has also been granted for Eastern Green Link 2. Image: SSEN.

July 17, 2023

Ofgem gives final approval for Orkney undersea transmission link

SSEN Transmission has welcomed the decision by Ofgem to give final approval to provide a subsea transmission link to the Orkney Islands.

Electricity North West and UKPN are collaborating. Image: Electricity North West

July 12, 2023

North-South electricity network collaboration calls for industry action to support customers

Electricity North West and UK Power Networks (UKPN) have signed an agreement to work together and have called on other utilities to take a collaborative approach to customer interests.

July 4, 2023

Ofgem warns energy suppliers to ‘act in the interest of customers’ before dividends

Ofgem's CEO has written to energy suppliers warning that they must “act in the interests of customers” instead of dividends.

The call from Shapps follows reports of British Gas force fitting prepayment meters. Image: npower.

July 3, 2023

UK government moves to end ‘unfair’ prepayment meter energy charges

The UK government has announced that it is ending ‘unfair’ charges for prepayment meter customers.

June 30, 2023

Price cap forecast decreases as Ofgem revises domestic consumption definition

Cornwall Insight’s latest price cap prediction for Q4 2023 has decreased by £107.05 due to Ofgem revising its Typical Domestic Consumption Values (TDCVs).

The RESPs will Roadnight Taylor urges Ofgem to explore ‘appropriate mechanism’ for SGT reinforcement. Image: Getty.

June 30, 2023

Ofgem to crack down on profiteering through the Balancing Mechanism

Ofgem has launched a formal statutory consultation on proposals to introduce a new licence condition to stop electricity generators making excessive profits through the Balancing Mechanism.