Regulation

Editor's picks

Electricity North West has proposed spending almost £2 billion over five years as part of the first draft of its business plan for the RIIO ED2 price controls beginning in April 2023. The electricity distribution network said the plan is built on feedback from a two-year consultation involving more than 18,000 customers and stakeholders.
News
National Grid Electricity System Operator (ESO) has agreed to make a £1.5 million redress payment after an investigation by Ofgem found it had breached its licence conditions by failing to provide accurate and unbiased demand forecasts. The regulator said it does not believe the ESO deliberately set out to breach its licence conditions but “did not put in place adequate senior oversight and compliance controls to identify and mitigate this behaviour.”
News
Ofwat’s freshly departed chief executive Rachel Fletcher talks to Utility Week about her highs and lows in the water sector - from price reviews, social contracts, CMA appeals and how the sector rebounded from what she described as its darkest point.
Interviews

Featured

The past month has seen announcements on the three sets of appeals that should be on a Competition & Markets Authority (CMA)-watcher’s radar – the granting of permission on the RIIO2 appeals, the final decision on PR19 in water and the decision on the rather obscure SSE code modification appeal. Maxine Frerk picks through the pertinent points and discusses the next steps.
Analysis
Western Power Distribution chief executive Phil Swift explains how the company has responded to calls to be radical and ambitious in the second draft of its business plan for the RIIO ED2 price controls beginning in 2023.
Opinion
Ofgem’s proposal to make energy suppliers repay surplus credit balances has received mixed reactions. Is the regulator cracking down on unsustainable business models or choosing short-term wins over a permanent fix for a broken market? Adam John asks what this latest crackdown says about the nature of regulation in energy retail.
Analysis

Latest in Regulation

It has been more than a month since Ofwat published its final methodology for PR19. Rona Bar-Isaac and Andrew Walker look beyond the Wacc, and dig into the detail.
Opinion
Lower-than-average rainfall in recent months has forced Southern Water to apply for a drought permit to refill one of its reservoirs. If rainfall doesn’t increase in the South East of England this winter, water companies will face drought in the summer. Katey Pigden looks at how companies are guarding against water supplies running dry.
Analysis
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