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Ofgem has approved more than £20.9 billion of spending by electricity distribution networks as part of its draft determinations for the RIIO ED2 price controls. The figure is down by £4.3 billion – or 17% - from the more than £25.2 billion of total expenditure allowances requested by distribution network operators in their business plans submitted in December. The regulator has also confirmed the baseline returns for investors for the five-year price controls, which begin in April 2023.
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The Climate Change Committee (CCC)'s chief executive has said he is "not at all concerned" about temporary extensions to coal power plants' lifetimes, given the current pressures on security of supply. However, the body has warned a "shocking gap" exists in energy efficiency policy and that generally the government is taking a "high-wire" approach to meeting its net-zero targets.
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South West Water has become the sixth wastewater company that Ofwat has opened an enforcement case against as part of its ongoing investigation into wastewater treatment works. The regulator also provided an update on the investigation, saying some companies may not be properly assessing the compliance of sites with treatment requirements and may lack the operational data to do so.
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Gas network companies have warned the government that there is a "policy void" on the future for gas in domestic heating, as they prepare to commission a study looking at the costs and other implications of replacing gas with low-carbon electricity for domestic heating.
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Large energy retailers look set to follow smaller suppliers in passing on falls in wholesale costs after EDF Energy said it would cut gas prices by 5 per cent from 7 February.
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Energos Holdings has acquired waste to energy business BioGen Power. Both are now part of the Ener-g group.
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Green energy firm Ecotricity generated more power in 2011 than the previous year the company said today, suggesting its onshore wind turbines had a load factor of about 27 per cent in 2011.
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