ofgem

Ofgem unveils financial responsibility principle for suppliers

Ofgem to allow deferral of additional balancing costs

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

Brearley: Ofgem should lead by example on diversity

iSupply to pay £1.5m over customer failings

#AskUsAnything with Jonathan Brearley

Ofgem’s chief executive returns to Utility Week’s #AskUsAnything show to answer questions from readers, joined by interim executive director of systems and networks, Cathryn Scott and director, future retail, Philippa Pickford. Listen back to the on-demand recording here.

Ofgem signals end to Covid-19 compliance relaxation

Ofgem’s chief executive Jonathan Brearley has set out his expectation that the energy sector will start to return to business as usual from next month. The regulator has written to suppliers, networks and the electricity system operator informing them that normal regulatory rules will apply from 1 July. Brearley said that while Covid-19 guidance must still be adhered to, now was the time for a “steady recovery” to begin.

How Ofgem does its sums

In the latest of a series of articles exclusively for Utility Week members, Maxine Frerk examines Ofgem’s guidance on impact assessments. She says that while the regulator appears to be moving in the right direction, there are a number of areas where more thinking is needed.

Challengers may have been offered ‘stay of execution’

Network charge deferrals must not give ‘unfair advantage’ to ailing suppliers

Good Energy wants apology from Ofgem over ‘tarnished reputation’

Networks to defer up to £350m of supplier charges

Over 60% say energy complaints take too long to resolve

Ofgem pauses midata programme

Network payment holiday risks creating ‘zombie energy suppliers’

Talks are believed to be underway between Ofgem and energy suppliers over the possibility of suspending network charges for three months. However, Neil Cornelius, managing director at global consulting firm Berkeley Research Group, warned such plans could risk retailers building up additional debts.

Green Star Energy to pay £750,000 following licence breaches

Green Star Energy is to compensate more than 7,000 customers after failing to issue them with the terms of their supply contract within a reasonable time. The supplier is now in the process of paying compensation of £30 to each affected customer in recognition of poor service and the fact that these customers did not receive welcome packs.