EDF Energy has agreed to pay out £350,000 to a consumer fund to avoid enforcement action by Ofgem after the supplier failed to meet its smart meter targets in 2017.
Glencore chairman and ex-BP chief executive Tony Hayward has cast doubt over the worldwide energy transition, arguing that the penetration of renewables worldwide is being outpaced by the demand for growth.
National Grid has announced proposed dates for next year’s Capacity Market auctions, unveiling a streamlined appeals and auction process.
Energy regulators must address the rise of bundled distributed generation technologies, EV charging infrastructure and cyber security or risk impeding the clean energy transition, a new report from the Council of European Energy Regulators has said.
Ofgem has opened the door for more stringent financial and consumer service-related licensing standards, potentially making it tougher for prospective energy suppliers to enter the market.
Ofgem could save customers a further £4.1 billion by tightening new price controls set out within RIIO-2, Citizens Advice has said.
Demand side response in the Irish Capacity Remuneration Mechanism (CRM) is to face de-rating factors already applied to storage duration limits under new rules confirmed by the country’s electricity market authority.
Two of the UK’s leading energy trade bodies have combined to call on regulators and the system operator to embrace demand response and allow it to further transformation of the energy sector.
The UK’s renewables lobby has scrutinised the government’s decision to directly invest billions of pounds in Hitachi’s proposed nuclear project, suggesting renewables to be a far cheaper and quicker way of decarbonising the country’s power.