Ofgem is “ready to take tough action” on suppliers that fall short of smart meter goals, the regulator’s executive director of consumers and markets, Mary Starks, has said.
Tempus Energy has accused the European Commission of caving to industry pressure and rushing through its investigation into the Capacity Market, after the mechanism was cleared to be reinstated.
Toto Energy has officially ceased to trade, leaving 134,000 customers in limbo and becoming the latest of 16 small energy suppliers to go bust since January last year.
Worldwide renewable electricity generation could soar by 50% over the next five years driven by “spectacular” growth in global solar installations, the International Energy Agency (IEA) has said.
The government is pursuing a “balanced approach” to net zero, energy and clean growth minister Kwasi Kwarteng has said, with Westminster keen to avoid picking winners at this early stage.
Regulators must be given new powers to ensure utility firms invest in sustainable infrastructure or the UK’s net zero emissions by 2050 target is at risk.
Ofgem chief executive designate Jonathan Brearley has said driving decarbonisation will be his “absolute priority” when he takes the hot seat next year.
