Customers

Citizens Advice wants Ofgem to cut network profits by an extra £4.1bn

Energy regulator Ofgem has already signalled that network companies should expect around £5bn in reduced profits in the next set of price controls. The new analysis by Citizens Advice suggests that the regulator can and should go further, resulting in a total saving to consumers of £9.1bn.

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CCC report outlines measures needed to achieve climate targets

In a new report ‘UK housing: Fit for the future?‘ the CCC warns that the UK’s legally-binding climate change targets will not be met without the near-complete elimination of greenhouse gas emissions from UK buildings. The report finds that emissions reductions from the UK’s 29 million homes have stalled, while energy use in homes – which accounts for 14% of total UK emissions – increased between 2016 and 2017.

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Challenges around RIIO2

In RIIO2 Ofgem aims to address its concern that the regulated networks sector is earning too much and delivering too little. It is fiercely focused on dealing with this problem but that brings a real risk that it will hold back the progress of the energy transition. That means there are a number of aspects of the RIIO2 decision that will require careful fine tuning to avoid unwelcome side effects.

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