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Latest on RIIO2 appeals
All three of the electricity and gas transmission companies as well as two of the four gas distribution networks in Great Britain have so far announced plans to appeal elements of Ofgem’s RIIO2 final determinations. Utility Week brings you all the latest updates and reaction in this live blog.
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Budget offers limited support for net zero
Rishi Sunak has allocated around £100 million of new cash for testbed energy projects in a Budget that has otherwise been branded a “missed opportunity” to take forward the Prime Minister’s green recovery plan.
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Capacity auction clears at £45/kW
The latest year-ahead Capacity Market auction has cleared at £45/kW – the highest price seen so far in one of the regular auctions. The T-1 auction for delivery over the 2020/21 winter season procured 2,252MW of de-rated capacity across 156 units.
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Latest in News

SES launches ‘myth busting’ campaign
SES Water has created a campaign to debunk commonly held myths about water consumption at a personal, local and global level as part of its efforts to reduce consumer demand in its region.
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Drax plans to equip two biomass units with CCS
Drax has announced its intention to submit a planning application later this month to equip two of the biomass units at its power station in Selby with carbon capture and storage (CCS). The company said the work could potentially begin in 2024, with the first unit becoming operational in 2027.
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Weekend press round-up: Energy companies set for price battle
In our latest review of sector coverage across the national newspapers, there is continued speculation of appeals to Ofgem’s RIIO2 final determinations by gas and transmission companies. Meanwhile, Abu Dhabi’s sovereign wealth fund is reported to be considering selling its stake in Thames Water. There is also coverage of government plans to force energy retailers to switch customers on to lower tariffs.
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Analysts expect all companies to reject RIIO2 determinations
Analysts at Barclays have predicted each of the gas and transmission networks will appeal their final determinations from Ofgem for the RIIO-2 price control. The companies have until 3 March to accept or reject the regulator's decision on their business plans.
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WPD urged to be ‘more radical or ambitious’ for RIIO ED2
The chair of the customer engagement group for Western Power Distribution’s RIIO ED2 business plan has written to its chief executive, Phil Swift, to urge the company to be “more radical or ambitious” after the distribution network operator published an early draft last month. Duncan McCombie welcomed its “open and transparent approach” and “radical candour” but said most of its commitments only represent “incremental change from those currently being delivered in ED1.”
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Octopus Energy reaches 2m customer milestone
Octopus Energy has awarded a year’s supply of free energy to its 2 millionth customer. Chief executive Greg Jackson talks to Utility Week about the milestone and how he took inspiration from the comic Whizzer & Chips to celebrate it.
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Thames embarks on home heating sewage scheme
Thames Water and Kingston Council are embarking on a project to capture heat from effluent at a wastewater treatment site and supply it to new housing estate via a district heating network. The network will eventually be expanded to serve public and commercial buildings in Kingston town centre.
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Npower shuts down app after data breach
Npower has confirmed it shut down its customer app following an attack which left customers’ details exposed to cyber criminals. During the breach personal data and contact preferences were accessed. For some accounts the sort code and the last four digits of their bank account number, but not the full number, was accessed.
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Centrica’s 2045 net zero target shows the ‘tide is turning’
Centrica’s aim to reduce its emissions to net zero by 2045 show the “tide is turning” for energy businesses, an industry observer has said. Alongside the company's latest financial update were plans for the business to achieve net zero emissions five years ahead of the UK’s national target.
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