Energy networks and Ofgem offer up to £300m for green grid projects

Funding bids will be assessed on value for money, short term grid capacity utilisation and how quickly the infrastructure and solutions can be completed, in support of the UK’s 2050 net zero goal

NAO: Consumers paying ‘higher than necessary’ for electricity due to Ofgem’s regulations

The National Audit Office found households across Britain have paid at least £800m more because of weaker price controls set by the regulator

Electric cars charging
Scotland revs up £7.5m funding for EV infrastructure

The project is a partnership between the Scottish Government and network companies including SP Energy Networks and SSEN

Ofgem proposes to allow network firms to recover £75m of funding

They recover their allowed revenues from charges to suppliers, who in turn pass these costs to customers through their energy bills

Ofgem confirms plans to slash returns for energy network companies

National Grid is ‘disappointed’ with the proposals and the Energy Networks Association says they will have ‘damaging impacts’

Independent panel to scrutinise energy network firms’ business plans

It is for the next price controls set by Ofgem on how much the firms can charge for running the gas and electricity transmission and distribution networks

Ofgem makes decision on network firms’ price controls

The decision follows Ofgem’s consultation on the requests in August

Ofgem consults on energy network firms’ funding requests

The regulator has set out its initial views and said final decisions will be made in September

picture of pylon pointing up to blue sky
Ofgem confirms five-year price control for network companies

It is expected to deliver savings worth more than £5bn for consumers

Ofgem boss: “I’d very much prefer network firms weren’t monopolies”

Dermot Nolan, the boss of energy regulator Ofgem has admitted he would “very much prefer” if the UK’s network firms were not “monopolies”. Yesterday he was called before MPs on parliament’s energy select committee as part of their inquiry into network costs. The six network firms which run Britain’s local power lines and pylons have sole control […]

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