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The deployment of subsidy-free renewables could be pushed back by up to five years if Ofgem presses ahead with its Targeted Charging Review, according to a new report. Aurora Energy Research said the proposed changes under the review, under which the regulator is looking to spread the cost of network infrastructure via fixed charges instead of the current system relating to electricity consumption, would damage onshore wind and solar. Aurora said under its estimates deployment of solar would b...
14 05 2019
News article - 14 May 2019
Ofgem has announced a strategic review of the microbusiness energy market amid concerns customers are not getting a good deal. The regulator said its initial analysis shows that market information is often inaccessible, resulting in customers paying high prices and struggling to make informed decisions. Ofgem pointed out that microbusinesses play a central role in the UK economy. According to government data, there were over five million microbusinesses in the UK in 2018, accounting for a thir...
07 05 2019
News article - 7 May 2019
Companies that want to secure a supplier licence from the energy regulator will have to meet stricter standards from June following a string of collapses. Ofgem said applicants will now have to demonstrate that they have sufficient funding, provide a customer service plan and pass a “fit and proper” test. The watchdog will also launch a consultation during the summer on ongoing requirements for suppliers currently in the market. Stricter tests have become necessary following the collapse of t...
16 04 2019
News article - 16 April 2019
Ofgem’s performance has come under scrutiny on a number of occasions over the last decade. In this blog, Head of Regulatory Affairs, Colin Prestwich assesses the latest consultation regarding the energy regulator’s performance and what positive changes could come out of a shake-up. In February this year, the National Infrastructure Commission (NIC) launched a Call for Evidence (CfE) on the performance of regulators across energy, water and telecoms as part of their wider Future of Regulation St...
12 04 2019
Blog - 12 April 2019
The National Audit Office (NAO) has said energy regulator Ofgem that it needs to prove it is protecting consumers. The warning came alongside criticism for three other regulators – water watchdog Ofwat, communications body Ofcom and the Financial Conduct Authority (FCA). The NAO said regulators need to measure their own performance. Auditors said the biggest problem facing consumers was debt caused by rising prices, with gas up 28% and electricity up 37% in real terms since 2007. Not specifi...
26 03 2019
News article - 26 March 2019