01342 332057
info@utilityweek.co.uk
Ofgem has published a draft direction which outlines an updated framework for the Data Communications Company’s performance incentives. The regulator is now consulting on a revised OPR framework, including proposals for incentivising DCC’s system performance under four new outcome-based measures, broken down by meter type and region where relevant.
4 years ago
Ofgem has written to suppliers outlining what it expects of them when they conduct trade sales, including the way they communicate with the regulator and customers. It has warned that it will consider enforcement action if its guidance is not followed.
Our latest #AskUsAnything webinar was a special edition in which Utility Week readers posed their questions to the chief executives of Ofgem and Ofwat. They were joined by representatives of the consumer watchdogs for energy and water. The webinar is now available on demand.
Date: 17/04/2020 11:45 am
Ofgem has stressed that the hefty penalty handed to Intergen shows it will not tolerate “market abuse that undermines the integrity of the wholesale market that can ultimately harm consumers”. The company was found to have made a £12.8 million profit from deliberately misleading National Grid ESO.
The group of industry professionals who will scrutinise SPEN's business plans have been revealed. Group chair and former Ofgem director John Howard will meet with the team monthly to oversee the plan, due to come into force in 2023.
Ofgem chairman Martin Cave has said the regulator is “wrestling” with how to address net-zero commitments in the price control process.
In the latest of a series of articles exclusively for Utility Week members, Maxine Frerk – former senior partner networks at Ofgem – gives her view on the price control processes across the utilities sector. She examines the themes emerging from the PR19 appeals and what read across we can identify for the price reviews in energy.
Ofgem’s new chief executive Jonathan Brearley is planning a restructure of the regulator, Utility Week understands. An Ofgem spokesperson confirmed rumours that a reshuffle was being looked at. Details are not yet clear but it is thought Brearley will aim for a new structure designed to deliver his decarbonisation plan. Meanwhile, chairman Martin Cave revealed that a data specialist is set to join the board imminently.
Regulation is needed for third-party intermediaries (TPIs), such as autoswitching services, Citizens Advice has claimed. A report from the charity has found fewer than 15 out of around 70 energy suppliers are being offered by some autoswitching services claiming to cover the entire market.
A “social discount” or tariff should be introduced for vulnerable energy customers to improve affordability of bills for the lowest income households. A new report from charity Christians Against Poverty found more than half of pre-payment meter customers it helps show signs of self-disconnection, prompting calls for a number of recommendations to help the vulnerable.
Ofgem director Neil Barnes sets out the regulator's vision for achieving net zero at the lowest cost. This includes the priority to accelerate innovation and create products and services that help consumers support decarbonisation through their energy use.