OVO Energy has agreed to pay £8.9 million after Ofgem found IT problems resulted in the issuing of inaccurate information and the under and overcharging of consumers.
Following the release on Friday 24 January of Ofgem’s RIIO-2 Challenge Group report, companies have reacted to the claim they are not being proactive enough.
Ofgem is consulting on issuing nine suppliers final orders, which could lead to revocation of their licenses, for not joining the Data Communications Company (DCC).
Ofgem’s investigation into National Grid's Electricity System Operator (ESO) is to continue in light of the 9 August blackout, with the regulator recommending a review into the Security and Quality of Supply Standard (SQSS).
Ofgem's investigation into the 9 August blackout has detailed why Hornsea One and Little Barford - the offshore wind farm and CCGT plant at the heart of the event - remained disconnected from the grid.
Power companies are to be fined £10.5 million and an already planned review into the electricity system operator (ESO) accelerated following Ofgem’s investigation into the nationwide blackout on 9 August 2019.
With the finalised framework for RIIO-ED2 released yesterday, the industry has praised Ofgem’s commitment to decarbonisation whilst pointing to the possibility of "going further".
