ofgem

With Ofgem announcing yesterday (25 May) that the energy price cap would fall to £2,074 industry has reacted positively to the news.

Energy regulator Ofgem has confirmed that the energy price cap will tumble to £2,074 from 1 July – the first time in 18 months it has fallen.

Regen has released a new report calling for the UK Government and Ofgem to reform grid investment processes to ensure the grid is net zero ready.

Scottish and Southern Electricity Networks (SSEN) Distribution has joined forces with the Ministry of Defence (MoD) to conduct a pioneering energy trading trial. The partnership could give the armed forces greater control over their energy expenses while supporting their quest for energy independence. 

Ofgem has revealed that Good Energy and OVO Energy customers have been overcharged by almost £2 million.

Ofgem yesterday (17 May) released an open letter detailing it’s role in helping build a “fit for the future" electricity connections regime.

During the third reading of the Energy Security Bill in the House of Lords this week (17 April) passed an amendment that will give Ofgem a statutory duty to assist in the delivery net zero.

A consortium led by SP Energy Networks has been awarded funding from Ofgem's Strategic Innovation Fund (SIF). 

Following investment from Ofgem’s Strategic Innovation Fund (SIF), UK Power Networks is set to launch a “major series of innovation projects” to help the UK achieve a “Silicon Valley of energy.”

David Osmon, a former senior economist at Ofgem, has called on the UK government to reduce standing charges on prepayment meters (PPM) permanently by removing VAT from them.