Ofgem has published its final decision on its controversial Targeted Charging Review (TCR), confirming that there will be fixed residual charges for all households and businesses and embedded benefits will be reformed.
Ofgem has withstood fierce criticism from the clean energy sector and will press ahead with controversial reforms to residual charges under the Targeted Charging Review.
Ofgem has been accused of “passing the buck” over the financial repercussions of its Targeted Charging Review (TCR).
The UK’s energy sector has slammed the government over what it has perceived to be a failure for policy action to match its rhetoric.
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.
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.
Fixed charges are to be applied to all final demand network users irrespective of their ability to reduce their impact on the grid through generation or flexibility under Ofgem’s preferred strategy for its Targeted Charging Review (TCR).
Distribution network operators (DNOs) are facing a combined potential penalty of £13.9 million from regulator Ofgem for under-performing in providing connections to their customers in the latest example of the hardening stance being taken against network operators.