Ofgem

Keeping regulatory certainty

At the end of April this year, Ofgem announced that it will not be launching a mid-period review into the current RIIO1 price control system regulating UK electricity networks. Their conclusion was that RIIO1 was working as intended and they had not identified any issues within the current price control system. They also mentioned that they are happy with preparations by energy networks in specific areas including electric vehicles, cyber security, new European laws and storm resilience. DNOs have committed to using existing allowances of over £600m to drive innovation further into a smarter, more flexible energy system. This helps ensure the energy networks are being more proactive and flexible in meeting demands of newer technologies and services to customers.

Keeping regulatory certainty Read More »

Investing in the energy decarbonisation transformation benefits consumers

“This price control comes at a crucial time of tackling climate change – the most urgent challenge facing the planet with Britain well placed to be at the forefront of global efforts to reduce carbon emissions,” Pettifer (pictured) explains. “National Grid, believes this must be tackled through collaborative efforts. We need to see much greater progress in making areas like heat and transport cleaner and at a low cost for our planet and energy users. That is why our gas innovation projects are looking at how we can use hydrogen in our networks to support the low carbon transition and bring down costs for consumers. We are also making sure that the right electric vehicle charging infrastructure is in place across the country, to facilitate a rise in electric vehicles on our roads. To reduce electric vehicle range anxiety and improve uptake, we have identified 54 locations for strategic ultra-rapid charging along the motorway network. These can charge a car in the time it takes to buy a coffee. Ultimately, we need to transition to a new low-carbon, low-cost energy system where consumers can see the clear benefits of the energy transmission networks.”

Investing in the energy decarbonisation transformation benefits consumers Read More »

Innovation for the nation

The electricity and gas networks are no longer the hidden heroes of the energy industry. Over the last few years they have been steadily improving their service for the public – delivering lower cost and more reliable power and gas than ever before. Power cuts are fewer and shorter while the gas network is so reliable that the probability of an unplanned supply interruption is once every 140 years.

Innovation for the nation Read More »