A war of words has erupted between Citizens Advice and the UK’s energy networks companies over calls for consumers to be compensated for what the charity has described as years of overcharging.
Energy regulator Ofgem has pushed ahead with plans to slash the cost of equity for networks under RIIO-2, confirming a methodology which, if applied today, would cut the baseline return on equity to 4.3%.
Ofgem’s Targeted Charging Review (TCR) could delay subsidy-free renewables by up to five years and scrub 6GW off their pipelines, new research has found.
Ofgem’s Targeted Charging Review (TCR) proposals risk undermining renewables investment and could even result in higher consumer bills, a new study has found.
Members of the UK’s domestic storage community have criticised the “conflict” between Ofgem’s Targeted Charging Review (TCR) and the government’s energy storage ambitions.
The UK renewables lobby has doubled down on warnings over planned reforms to network charging, suggesting they damage sectors “vital” to the country’s decarbonisation and push projects to the brink of failure.
Innogy-owned UK energy supplier npower has announced it will lose as many as 900 jobs over the coming year as part of a major cost reduction programme.
