Ofgem takes steps to improve flexibility of UK’s energy market in clean power push July 29, 2024 Ofgem has pushed ahead with plans to increase the flexibility of the UK's energy market as it becomes more reliant on intermittent sources of energy, like wind and solar.
Ofgem: Millions of Brits set for lower bills as price cap drops by seven per cent May 24, 2024 Millions of Brits are set to pay lower bills from July after Ofgem announced it would lower its price cap by seven per cent in response to falling wholesale prices.
National Grid set to profit from Hunt’s full-expensing tax relief scheme April 18, 2024 The National Grid has said that it expects to report higher earnings in its full-year results on 23 May, due to new reporting methodology.
Ofgem: Energy watchdog to consult over AI’s risk to industry collusion April 4, 2024 Ofgem said it "appears to have sufficient powers to address important risks arising from the use of AI when detected."
UK’s largest electricity transmission project to get £3.4bn in funding, Ofgem says March 27, 2024 A mega project to build an electricity "superhighway" cable link between Scotland and Yorkshire is to receive £3.4bn.
Ofgem price cap: The time of day your household uses energy could impact future bills March 25, 2024 A "more dynamic" price cap could be introduced by Ofgem based on the time of day households use their energy, it has been revealed.
Ofgem fast-tracks Scotland to England ‘electricity superhighway’ with extra funding March 20, 2024 The energy watchdog said that the project's funding timeline could be cut by as much as two years
Ofgem drops retail energy price cap to lowest level in two years in boost for households February 23, 2024 Despite welcoming the price cap drop, Ofgem's head has said there are still "big issues" to be tackled
Brits to get ‘much-needed respite’ with energy price cap to drop by 15 per cent February 16, 2024 It said the cap will keep going down until July, which is also due to the seasonal change, causing less Brits to use oil and gas for heating especially.
Ofgem tells energy suppliers to cut switching times to five days or face a fine February 6, 2024 The move brings the required transition period down by 10 days