SSE fined £2m over wholesale market inside information breaches
Ofgem has fined SSE £2.06m over wholesale market inside information breaches.
The fine relates to disclosure around a Black Start contract with National Grid. SSE...
Ovo cops bill for SSE’s missed smart meter targets
Ovo will pay £1.2m in redress after SSE Energy Services failed to meet its smart meter installation target for 2019.
Ovo acquired the SSE’s domestic...
Flexitricity founder on what National Grid’s Future Energy Scenarios are really saying
Back in 2016, New Power carried this headline: “Ofgem tells National Grid: ‘We are not “Going Green”’.” That regulatory smackdown of National Grid’s annual...
Carbon capture and storage: Don’t just focus on clusters, industry urged
Policymakers and proponents of carbon capture and storage (CCS) as a means of decarbonising industry need to come up with a comprehensive plan, and...
Ofgem sets out plans to protect small businesses, but stops short of regulating brokers
Ofgem is today expected to set out plans to give the UK’s smallest businesses better protection from miss-selling and profiteering by energy brokers.
The regulator,...
Former Ofgem chief Alistair Buchanan becomes Electricity North West chairman
Former Ofgem chief executive Alistair Buchanan will become chairman at Electricity North West in October.
Buchanan spent a decade helming the regulator. On his watch...
Ofgem tightens up gas and power transmission spending, networks aghast
Ofgem has set out plans for less lucrative price controls for gas networks and electricity transmission operators from 2021.
The draft five-year framework intends to...
Equinor to decarbonise Hull with hydrogen, if government provides right deal
Norwegian-state owned Equinor is planning to build a 600MW hydrogen production plant near Hull.
The facility will turn methane, also called natural gas, into hydrogen...
CCC: End ICE age by 2032, re-skill Britain ‘before climate window closes’
Advancing the UK’s ban on sales of new petrol and diesel vehicles to 2032 - three years earlier than planned - is among urgent...
Aurora: Hydrogen can meet half of UK energy demand
Hydrogen produced from both renewables and methane can meet 48 per cent of UK final energy demand by 2050, calculates Aurora Energy Research.
Green hydrogen...
Take nuclear option or blow net zero, warns Energy Systems Catapult
Britain may have to spend big on next generation nuclear to secure Net Zero, adding between 10GW and 50GW before 2050, innovation think tank...
Government to set sharper annual targets for smart meter installs
Government will set suppliers sharper annual targets in a bid to stop the smart meter rollout losing steam.
The programme originally targeted a smart meter...
Hydrogen lobby warns Sunak not to let UK get left behind
Big business has urged the Chancellor to back a UK-wide hydrogen strategy and unlock thousands of jobs and billions in investment.
In a letter to...
Government eyes role of CHP in net zero world
Government is consulting on the role of combined heat and power (CHP) plants in a net zero economy.
CHP plants burn fuel – mostly gas,...
Push harder on flexibility and half hourly settlement, firms tell Ofgem
A group of energy and technology companies have urged Ofgem to show “leadership” and expedite market-wide half hourly settlement to unlock flexibility from small...
Heat pump firms urge government to rethink support or “waste billions”
Billions of pounds committed by clients to big heat pump schemes will be wasted unless Whitehall reverses its decision to stop supporting large-scale deployments,...
Government gives suppliers relief on CfD payments
Government has confirmed it will give suppliers temporary relief on increases in contracts for difference (CfDs) charges.
In a consultation last month, Beis proposed delaying...
Ofgem brokers £350m loan to help keep energy suppliers afloat
Ofgem has effectively facilitated a £350m loan in a bid to help energy suppliers stay afloat as Covid-19 hits severely impacts revenue.
Keen to flatten...
Government sets out stall for UK carbon market
Government has set out plans to implement a UK carbon trading scheme by January next year.
The UK Emissions Trading Scheme (UK ETS) will replicate...
SSE: Decarbonise power by 2040, ban petrol and diesel car sales by 2030
SSE has urged government to use “robust” carbon pricing to decarbonise the power sector by 2040 and bring forward the ban on sales of...