Power prices key concern as industry eyes upcoming price cap period
Current± takes a look at the biggest stories and talking points from the Christmas period, with power prices continuing to dominate the discussion.
Regulation
Low carbon heat forms 25% of total Green Homes Grant installations
Installation of energy saving measures has continued throughout 2021 as part of the Green Homes Grant, despite the scheme closing to new applications in March.
Urgency of proposed BSUoS charges deferral approved by Ofgem
Ofgem has ruled that a CUSC Modification Proposal to defer winter 2021/22 Balancing Service use of System (BSUoS) costs to 2022/23 should be treated as urgent.
Ofgem eyes regulation changes as concerns over high BM costs mount
Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.
Price cap could jump 46% as consumers take on cost of supplier exits
The price cap could jump 46% for summer 2022, hitting approximately £1,865 as wholesale power prices remain high.
Current± Predicts: The energy transition in 2022, part five
In the fifth installment of Current± Predicts, Kaluza's Marzia Zafar discusses EV tariffs and GEUK's Doug Stewart power prices.
Building regulation changes to see 30% reduction in carbon emissions of new build homes
Heat pumps and solar thermal are among technologies suggested by the government to help meet new carbon reduction goals.
Government to review Energy Retail Market Strategy following supplier collapses
The government is to review the Energy Retail Market Strategy in light of the slew of supplier collapses in 2021.
Ofgem unveils stress test for suppliers after cascade of collapses
From January, energy suppliers will need to undergo financial stress testing to prove their resilience in light of the cascade of supplier collapses in recent months.