ofgem

Latest in ofgem

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.
News
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.
News
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.
News
Challenger brand iSupply Energy has agreed a £1.5 million redress package after a number of failings involving more than 115,000 customers over a six-year period. EDF acquired the supplier's 190,000 customer accounts earlier this year.
News
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.
Webinars
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.
News
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.
Opinion
Small challenger energy brands may have been offered a stay of execution following the decision to defer up to £350 million worth of network charges, an industry expert has said. Andrew Perry, energy principal at Oliver Wyman, told Utility Week the industry was facing a risk of multiple supplier failures and that the best regulatory approach was to spread these out.
News
Good Energy chief Juliet Davenport has written to Ofgem asking for an apology over the way the regulator calculates scores for its supplier performance report (SPR). In the letter seen by Utility Week, Davenport points out what she believes are serious flaws with the SPR.
News
Energy networks are to defer up to £350 million of charges as a last resort for struggling energy suppliers and shippers, following a request by Ofgem. The measures will cover electricity distribution charges, gas distribution capacity charges and gas transmission charges. Ofgem chief executive Jonathan Brearley said there are currently no plans to adjust the price cap methodology to reflect increased bad debt.
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