Ofgem orders energy distribution firms to trim costs

Ofgem has ordered five of the six companies that own and operate Britain’s local electricity network to trim down costs for consumers. Today the energy watchdog sent back proposals to cut bills from the firms, saying they “did not sufficiently demonstrate value for consumers”. Customers have to rely on regulation from Ofgem to limit charges […]

Tough new measures to improve electricity networks on the way

Ofgem has published “tough” new measures for electricity distribution networks (DNOs) which it claims will help improve services for consumers. The energy watchdog said the proposals, known as RIIO-ED1 (Revenue = Incentives + Innovation + Outputs-Electricity Distribution), has been designed to encourage companies to “deliver improvements in customer satisfaction, reliability, stakeholder engagement and sustainable services […]

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