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A group of renewable industry bodies have joined forces to condemn Ofgem’s proposed changes to network charging. The energy regulator is consulting on its Targeted Charging Review into how charges for network infrastructure are distributed. Six trade bodies – the Association for Decentralised Energy, the British Electrotechnical & Allied Manufacturers’ Association (BEAMA), RenewableUK, the Renewable Energy Association (REA), the Solar Trade Association (STA) and Tech UK – have written to E...
12 02 2019
News article - 12 February 2019
Trade body Energy UK has said that “drastically rising costs” had led to Ofgem being forced to increase the domestic energy price cap. The energy regulator announced the default tariff price cap will rise by £117 to £1,254 per year, while the pre-payment meter cap will increase by £106 to £1,242 to “reflect higher costs”. Energy UK said the wholesale cost of energy had risen by 17% since the previous price cap was set. The organisation called on the UK Government to introduce a national energ...
12 02 2019
News article - 12 February 2019
The Capacity Market is facing an uncertain future as Government await the outcome of a new review conducted by the European Commission. Head of Regulatory Affairs, Colin Prestwich explores how the review offers an opportunity to implement changes for the better… It’s now been 3 months since the European Court of Justice suspended the Capacity Market (CM). In the meantime, Government have consulted on options to keep the scheme running during the standstill period, and industry itself has begun ...
07 02 2019
Blog - 7 February 2019
At the close of 2018, Head of Renewable Sales, Chris Smith published a blog on the planned industry changes in the Targeted Charging Review, focusing particularly on Balancing Services Use of System (BSUoS) charges and the likely costs to existing generation. In this latest blog, he reflects on feedback from industry stakeholders following his participation in a REGEN panel discussion, which explored the implications of the changes and addressed generator’s concerns. Over the last few weeks, it...
01 02 2019
Blog - 1 February 2019
Economy Energy has become the ninth small energy supplier to fail in the past 12 months. Ofgem has appointed Ovo Energy to take on supplying Economy Energy’s 235,000 domestic customers. Economy Energy had been banned from taking on new customers just days before its collapse due to complaints. Ofgem had previously opened three enforcement investigations into Economy Energy, two of which will now close, with a third into whether Economy Energy, and two other firms have infringed the Competitio...
15 01 2019
News article - 15 January 2019