Ofgem: Energy price cap will rise in April Energy Households will pay an extra £9.25 for their electricity each month from April as Ofgem increases its energy price cap by 6.4 per cent. The price cap – which sets a maximum rate per unit and standing charge that can be billed to customers for their energy use – will rise by £111 for an [...]
ScottishPower: Court grants appeal against HMRC over £28m tax bill Legal Energy giant ScottishPower has been granted an appeal to allow it to deduct £28m in fines by Ofgem for corporation tax purposes
National Grid plans to double energy transmission with huge investment Energy National Grid said its business plan would be the "most significant step forward in the UK's transmission network for a generation."
Ofgem: Energy price cap to rise by £21 to £1,738 a year on average November 22, 2024 The UK’s energy price cap is set to rise by £21 for an average household, taking a standard yearly bill to £1,738, Ofgem has said. The energy regulator opted to announce a 1.2 per cent hike in the cap for the period January to March 2025 – or £1.75 a month, on average. It sets [...]
Ofgem consults fund to speed up UK power projects November 20, 2024 The new scheme would provide billions of pounds to help owners cut delays, bring down costs and attract international investment, Ofgem said.
Ofgem tells E.ON Next to pay up over prepayment meter failings November 20, 2024 The energy regulator Ofgem has told provider E.ON Next to pay up £14.5m for failing to provide final bills and refunds to its customers. E.ON failed to provide customers energy bills or give them back money owed on credit balances for prepayment meters. This comes after an investigation by Ofgem found that nearly 250k prepayment [...]
Green light for £2bn North Sea cable to power millions of UK homes November 15, 2024 A £2bn subsea and underground cable which will power millions of UK homes has received final funding approval today. The 196km-long Eastern Green Link 1 (EGL1) cable, which will be primarily laid under the North Sea, is expected to bolster the UK’s energy security and reduce customer bills by £870m per year. The National Energy [...]
UK Infrastructure Bank sets aside £87m to invest in subsea cable factory September 26, 2024 The project is expected to create around 900 permanent jobs on completion, with the facility producing thousands of km of cables each year.
Ed Miliband brands renewable energy transition a ‘national security fight’ against nimbys September 17, 2024 Britain’s transition to renewable energy is the “economic justice, energy security and national security fight of our time”, Ed Miliband has said, as he pledged to “take on the blockers”. The energy security and net zero secretary told Energy UK’s annual conference in London that fossil fuel “dependence” continued to leave the UK “deeply vulnerable [...]
OVO Energy to pay out millions in compensation after Ofgem probe September 17, 2024 The UK’s fourth-largest energy supplier, OVO, has agreed to a £2.37m settlement following a regulatory investigation by Ofgem. The energy watchdog uncovered significant delays in addressing customer complaints, with some unresolved for up to 18 months. In addition, OVO failed to action the Energy Ombudsman’s rulings in certain cases. As part of the settlement, the [...]