A colder than normal Q1 2021 and low wind generation in the summer across Europe exacerbated Britain's energy crisis, according to energy market data analyst EnAppSys.
SSEN Transmission has submitted a Final Needs Case (FNC) to Ofgem for the first of its “subsea superhighways”, which connect the north of Scotland and England.
Ofgem has ruled that a CUSC Modification Proposal to defer winter 2021/22 Balancing Service use of System (BSUoS) costs to 2022/23 should be treated as urgent.
Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.
From January, energy suppliers will need to undergo financial stress testing to prove their resilience in light of the cascade of supplier collapses in recent months.
Citizens Advice has accused Ofgem of a “catalogue of errors” that has left consumers with a multi-billion-pound bill due to the collapse of suppliers.
