Ofwat is modifying licences to allow companies to recover from shortfalls in their expected revenue, in a bid to prevent bad debt. The change will come into effect from April 2020 following the final determinations.
Ofgem has awarded a total of £2.76 million to National Grid, UK Power Networks and Electricity North West for the successful delivery of five innovation projects. Two of the projects secured funding through the Network Innovation Competition, whilst the remaining three were supported by the now discontinued Low Carbon Networks Fund.
Energy suppliers are anticipating Ofgem will cut the price cap when it is reviewed next week, but by how much is it predicted to fall? Utility Week spoke to industry experts, including Eon's Michael Lewis about their views on the cap and where they see it moving next.
Utilita Energy has been fined £175,000 after failing to meet its carbon emission reduction obligations, potentially causing customers to miss out on £30,000 of savings on energy bills. The penalty will be paid to consumers through the energy redress fund