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In our latest review of sector coverage across the national newspapers, Ofwat lashes out at the CMA's generous interim determinations as lacking 'explanation, reasoning or analysis'; three water companies are scrutinised for their offshore accounts; and a report from the London School of Economics states 80,000 jobs could be created in the green recovery.
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Consumer watchdogs have welcomed the CMA's increased spending allowances for projects that were important to consumers but warned its overall stance could set a precedent for other regulated companies and add to the pressure on household finances.
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This webinar, sponsored by Addleshaw Goddard, will be an opportunity for Utility Week readers to pose questions to Akshay Kaul, Ofgem’s director, network price controls.
Webinars
Ofgem’s executive director of consumers and markets Mary Starks is to leave her role after nearly two years. Chief executive Jonathan Brearley said an internal consultation was taking place on a new "flatter and broader leadership". Meanwhile Ofgem's chief economist, Joe Perkins, has departed to join a consultancy.
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Half of suppliers with more than 250,000 customers failed to hit their annual smart meter installation milestones in 2019, Ofgem has revealed. The energy regulator has published its annual letter on the progress of the rollout, outlining areas where it wants to see improvements.
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Ofgem has revealed plans to introduce increased support for prepayment meter (PPM) customers as part of a permanent licence requirement. In addition, enhanced ability to pay principles mean suppliers will be required to offer more support to all customers struggling to pay their bills.
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Philippa Pickford, Ofgem’s director of future retail markets, has told Utility Week that the regulator’s data shows the risk of multiple supplier failures as a result of Covid-19 is receding. Speaking on our #AskUsAnything show, Pickford admitted that concerns remain about the stability of some retailers but insisted that the Supplier of Last Resort process “would work well” in the eventuality of multiple market exits at the same time.
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Ofgem has published its final proposals on tougher license conditions designed to raise standards for energy suppliers and minimise consumer detriment. The regulator plans to introduce proposals to mitigate the effects of mutualisation on the wider market when a supplier fails.
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Ofgem has capped balancing services use of system (BSUoS) costs at £15 per MWh until the end of August and introduced a licence modification allowing any additional costs due to Covid to be deferred to the next financial year. National Grid ESO's initial calculations had suggested a £400 million increase in balancing costs between May and August but this has now been revised to between £170 million and £300 million
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Ofgem chief Jonathan Brearley has spoken about how he wants the regulator to act as a diversity leader in the wake of the recent Black Lives Matter protests. Brearley added that as the regulator Ofgem can take further steps so that its policies consider the impact on different groups.
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