Policy & regulation

Latest updates and analysis on how government and regulators' decisions will impact the sector 

Editor's picks

The spate of energy supplier failures seen over recent weeks is “far from normal”, Ed Miliband has told Kwasi Kwarteng, who revealed that the bulk of customers being transferred from failing suppliers are on tariffs at or just below the price cap.
News
Kwasi Kwarteng has postponed a decision on plans for a controversial new electricity interconnector with France. The secretary of state for business and energy has extended the statutory deadline to 21 October.
News
A one-off adjustment to the price cap or even quarterly caps should be considered by Ofgem and the government, an ex-big six boss has suggested. Former Npower chief executive Paul Massara was talking to Utility Week about the options he believes the Department for Business, Energy and Industrial Strategy (BEIS) and the energy regulator will be considering as part of the industry’s response to the influx of supplier failures following a spike in wholesale costs.
News

Featured

Utility Week launches a new campaign aimed at ensuring the current focus on the energy retail market results in real reform, not more tinkering at the edges. Energy Reset seeks meaningful protection for consumers, an end to the damaging obsession with auto-switching and steps towards long-term relationships between retailers and their customers to drive forward the energy transition.
Analysis
The collapse of Avro Energy, affecting 580,000 customers, presents a significant test for Ofgem’s Supplier of Last Resort mechanism. Experts tell David Blackman that it’s a "flip of a coin” as to whether the process will cope.
Opinion
The need to adopt methane strategies is an under-explored area of net-zero policy but there are still important steps that can be taken by the government and Ofgem. Maxine Frerk delves into the issue in her latest column for Utility Week.
Opinion

Latest in Policy & regulation

The government has revealed details of the fourth round of the Contracts for Difference (CfD) scheme, including its £265 million budget. While the bulk of subsidies will go towards offshore wind, £24 million has been ringfenced for floating offshore projects. Established technologies will share £10 million, with a cap of 5GW of capacity.
News
Elexon has said it is consulting on raising the Credit Assessment Price (CAP) to a new record high of £137/MWh following continued increases in wholesale electricity prices. The current price of £113/MWh is already the highest to date and only came into effect on Wednesday (8 September) after being confirmed by the administrator of the Balancing and Settlement Code (BSC) in August. It had previously been set at £96/MW
News
Kwasi Kwarteng has admitted that the Green Homes Grant voucher scheme was “too ambitious” and has pledged that the government will consult more fully on any replacement scheme.
News
Rising pressures in the energy retail market such as soaring wholesale costs have meant that liquidity has become a "primary concern" for many businesses in the sector, an industry expert has warned. Andrew Stone, managing director at Interpath Advisory and joint administrator for recently failed supplier Hub Energy, spoke to Utility Week prior to Ofgem's announcement that this year will once again see a shortfall in renewables obligation certificates (ROCs).
News
The government has confirmed it will legislate to require all new-build homes and offices with parking spaces to have electric vehicle (EV) chargepoints.
News
The Ofwat director heading up PR24 has urged water companies to put forward bold solutions in the next price control but emphasised these must be set in a long-term context. Aileen Armstrong, senior director at the regulator, stressed the need to look beyond heavy infrastructure as the answer to all problems but accepted that this would come at a cost. She said she expected companies to look at spreading these costs over current and future generations.
News
Ofgem has approved a modification to the Balancing and Settlement Code (BSC) to bring in new settlement arrangements for virtual lead parties to ensure they are correctly compensated for delivering balancing services. P376 will introduce a new optional process for establishing the baseline level of generation or demand at a site which can then be used to calculate the amount of deviation delivered by a virtual lead party when instructed to change its output by National Grid Electricity System Operator.
News
Heat networks could potentially supply 95TWh of heat  - or 20 per cent of total UK demand - by 2050, according to a new government report. The Department for Business, Energy and Industrial Strategy (BEIS) has released a study identifying so-called “opportunity areas” that could be best-placed to support future heat network projects and how much heat could be supplied by them.
News
A return of interest rates to historically more normal levels would “substantially” increase the cost of the transition to net zero, the chief economist of the National Infrastructure Commission has warned Giving evidence to the House of Lords Industry and Regulators Committee, James Richardson said the future trajectory of interest rates is a “key uncertainty” surrounding the UK’s ability to meet its 2050 carbon reduction goal.
News
Thames Water has received provisional approval from Ofwat for an extra investment of £600 million during AMP7 to increase resilience in London with leakage and pipework improvements. Shareholders will pay half the costs as a condition for the scheme being approved.
News
Close
Close

Request a call back