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Latest in ofgem

Ofgem has rejected protestations by energy retailer Symbio that a £100,000 penalty for failing to pay into renewables schemes on time was disproportionate. Symbio said the regulator had “failed to make sufficient allowance for the particular challenges posed by Covid" for smaller retailers.
News
Rachel Fletcher's departure as Ofwat chief executive to join Octopus Energy presents the regulator with a significant challenge at a crucial moment for the water sector. Ruth Williams looks at her legacy and the likely candidates to fill her shoes.
Comment
The Competition and Markets Authority has nudged back the estimated date for its PR19 final redeterminations, which are now expected to appear in "late" February. It follows a series of consultations on several areas, including the cost of capital.
News
In our latest round up of utility sector appointments Thames Water welcomes a former Ofgem senior partner as non-executive director, while a new post has been created at the UK Export Finance to help energy companies in the north secure finance and insurance.
News
Ofgem has confirmed that missed renewables obligation (RO) payments will be mutualised for the third consecutive year after a number of suppliers failed to meet the deadlines. The energy regulator recently revealed 33 suppliers failed to meet their total obligations by 31 August for buy-out payments and 1 September for RO certificates. As a result there was a combined shortfall of more than £105 million in buy-out funds.
News
Ofgem has written to the CMA asking it to consider the impact on other regulated sectors of its stance on the cost of capital in water. Ofgem urged the CMA to ensure its redetermination is not “treated as making broader assessments beyond the present and specific context of PR19”.
News
Consumer advocate Citizens Advice has calculated that the Competition and Markets Authority’s findings in the appeal of four water companies’ price review could cost households as much as £3.7 billion by setting a "dangerous precedent" for energy networks' price controls.
News
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.
News
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.
News
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.
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