Ofgem announced the first of two consultations on the Energy Company Obligation (ECO3) methodologies for calculating electricity and gas supply volumes on Friday 11 October. This consultation focuses on changes to the supply volume methodologies, with Ofgem proposing that for electricity, suppliers should provide the total kWh delivered to customers…
On Monday 2 September, Ofgem published its sixth Future Insight paper which focused on Flexibility Platforms in the GB electricity markets. The regulator highlighted the platforms as a mechanism to overcome flexibility barriers to the future electricity system and sets out initial pathways for possible developments. The paper concludes that…
On Thursday 8 August Ofgem released the minutes from the latest meeting of the Gas and Electricity Markets Authority. The meeting, which took place on 26 June, discussed updates on a number of the key workstreams that Ofgem is currently working on such as RIIO-2 Business Plans, the Nuclear Regulated…
The level of the default price cap will fall from £1,254 to £1,179 from 1 October for this winter period (October-March), while the pre-payment meter cap will fall from £1,242 to £1,217 per year for the same sixmonth period. Published by Ofgem on Wednesday 7 August, the move will impact…
On Tuesday 30 July, Ofgem published its seventh annual report for the Non-Domestic Renewable Heat Incentive (RHI) scheme. At the end of the financial year, there were a total of 20,160 participants in the scheme and over 4.5GW of installed capacity, with 85.8% of installations being Solid Biomass Boilers. Additionally,…
On Tuesday 30 June, Ofgem gave notice that under the Energy Company Obligation scheme between 2015-18 (ECO2), the energy supplier Utilita had failed to meet its carbon emissions reduction obligations by 2%. As a result of these failings Utilita will pay £175,000 in redress, with Ofgem stating that its shortcomings…
Ofgem issued a call for evidence on Friday 26 July, on whether Shipper Users should be allowed to use both Interconnection Points (IP) at Bacton to access Licence Baseline Exit Capacity. Bacton currently has two IPs that receive gas from Belgium (IUK) and the Netherlands (BBL). The interconnector BBL Company…
An Energy Company Obligation (ECO) factsheet, issued on Friday 29 March, draws together the key areas of information for suppliers and the supply chain when engaging with Ofgem prior to delivering district heating measures. It confirms that it is not mandatory for suppliers to contact the regulator prior to a…
An Imperial College study into the value of baseload capacity in a low-carbon GB electricity system was published by Ofgem on Wednesday 19 December. The report found that, under high flexibility scenarios, the marginal value of nuclear generation may be lower than under low flexibility scenarios, but that the cost-efficiency…
Ofgem’s Domestic Renewable Heat Incentive (RHI) report for Q2 2018-19 was issued on Monday 3 December. For August to October 2018, 1,710 accreditations were made, bringing the total for the scheme up to 64,642 since its launch in April 2014. 1,276 of the new accreditations were air source heat pumps,…