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07 June
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A new amendment to the Energy Security Bill aligns Ofgem with the national drive to reach net zero, with hopes the move will spur the regulator towards encouraging investment in infrastructure and shoring up flexible markets.

The post Ofgem handed net-zero mandate – What will change? appeared first on Energy Voice.

07 June 2023 @ 14:55

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It's hoped the policy will see a greater focus on value and investment - rather than lower costs - for crucial grid connections.

The post Ofgem handed net-zero mandate – What will change? appeared first on Energy Voice.

07 June 2023 @ 12:28

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The UK government has decided to accept amendments to the Energy Bill which would give Ofgem a statutory duty to help meet the goal of Net Zero carbon emissions by 2050. 

07 June 2023 @ 11:57

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National Grid ESO believes that current obstacles when adding Vehicle-to-Grid (V2G) enabled EVs to the Balancing Market (BM) as an aggregated unit, could be solved “organically” in the coming years.

07 June 2023 @ 10:04

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Ofgem will be legally required to consider the UK's net zero carbon emissions target in all decision making, after the government backed down to widespread pressure. The legal mandate is included within an amendment to the Energy Bill. It will beef up the regulator’s existing duty to reduce greenhouse gases by forcing Ofgem to consider how its everyday regulatory decisions may assist in meeting the UK’s net zero targets and the carbon budgets laid out in the 2008 legislation.

The post Ofgem given net zero duty in government U-turn appeared first on Utility Week.

07 June 2023 @ 09:36

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Energy regulators must now explicitly consider now their rulings help the government reach Britain’s Net Zero goals, according to new guidance from ministers. A government amendment inserted yesterday in the Energy Security Bill has for the first time imposed a defined requirement on the energy regulator in relation to its NZ duties. Ofgem’s focus has Read more...

The post Ministers move to task Ofgem for greater Net Zero support appeared first on theenergyst.com.

07 June 2023 @ 09:15

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ICR Integrity’s chief executive, Jim Beveridge, looks to keep his firm "relevant" by looking to the energy transition.

The post Not becoming a ‘Nokia’ and remaining relevant in the energy transition appeared first on Energy Voice.

07 June 2023 @ 06:00

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ICR Integrity’s chief executive, Jim Beveridge, looks to keep his firm "relevant" by looking to the energy transition.

The post Not becoming a ‘Kodak’ and remaining relevant in the energy transition appeared first on Energy Voice.

07 June 2023 @ 06:00

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I don’t have any amazing news to break,” admits Greg Jackson, the boss of one the UK’s leading energy companies as he sits down for our interview – which is a surprise as Octopus Energy has been driving a raft of industry headlines in recent weeks. In the past month alone, it has wrapped up [...]

The post Octopus boss Jackson still full of energy appeared first on CityAM.

07 June 2023 @ 05:45

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“I don’t have any amazing news to break,” admits Greg Jackson, the boss of one of the UK’s leading energy companies as he sits down for our interview – which is a surprise as Octopus Energy has been driving a raft of industry headlines in recent weeks. In the past month alone, it has wrapped [...]

The post Interview: Why Octopus Energy’s Greg Jackson is powered up appeared first on CityAM.

07 June 2023 @ 05:45

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06 June
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Various panels tackle the complexity issues of PPAs at this year's Renewable Energy Revenues Summit.

06 June 2023 @ 16:17

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Research by the Offshore Energy Digital Strategy Group (OEDSG) has found a “lag” in data maturity within the renewable sector.

06 June 2023 @ 14:13

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Renewable Energy

Three adverts for Shell that publicise its climate-friendly products have been banned for glossing over its "large scale" investments in oil and gas.

06 June 2023 @ 13:40

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Ofgem penalty comes as renewable energy makes challenge of balancing electricity network harder

06 June 2023 @ 13:26

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SSE is facing a penalty of almost £10 million after it secured excessive payments from National Grid Electricity System Operator during periods of transmission constraint. The proposed £9.78 million payout relates to an investigation by Ofgem into SSE Generation’s Foyers pumped storage power station, located on the banks of Loch Ness in Northern Scotland.

The post SSE fined almost £10m over excessive ESO payments appeared first on Utility Week.

06 June 2023 @ 12:41

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SSE is facing a penalty of almost £10 million after it secured excessive payments from National Grid Electricity System Operator during periods of transmission constraint. The proposed £9.78 million payout relates to an investigation by Ofgem into SSE Generation’s Foyers pumped storage power station, located on the banks of Loch Ness in Northern Scotland.

The post SSE to pay out almost £10m over excessive ESO payments appeared first on Utility Week.

06 June 2023 @ 12:41

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E.ON has entered a “landmark agreement” with low carbon asset finance specialist, Horizon Energy Ventures (HEV) to bring funding solutions for its electric vehicle (EV) fleet customers.  

06 June 2023 @ 11:50

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Following an investigation by energy regulator Ofgem, SSE Generation has been issued to pay £9.78 million due to a breach of its Generation Licence.

06 June 2023 @ 10:31

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Ofgem has issued a fine of nearly £10 million to SSE Generation after an investigation found it solicited ‘excessive’ payments for reducing output from its Foyers hydro scheme.

The post SSE fined £9.8m over ‘excessive’ grid payments to Foyers appeared first on Energy Voice.

06 June 2023 @ 10:15

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Ofgem has imposed a £9.78 m fine on electricity generator SSE for overcharging National Grid ESO during periods of transmission constraint two years ago. The case centres on the regulator’s inquiry into output in October 2021 from SSE’s Foyers pumped hydro storage plant, pictured, located near Loch Ness. At times when the nation’s backbone operator Read more...

The post SSE fined £9.78 m for overcharging Grid during transmission constraint appeared first on theenergyst.com.

06 June 2023 @ 09:41

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The bid prices it charged the grid to lower output from the Foyers pumped storage power station were too expensive during periods of transmission constraint

06 June 2023 @ 08:26

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SSE Generation secured ‘excessive payments’ from system operator NGESO for using its Foyers pumped storage plant, according to regulator Ofgem. As a consequence, Ofgem proposes to require the company to pay £9.78 million into the Energy Redress Fund  Ofgem said…

06 June 2023 @ 08:19

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The Perth-based company is found to have overcharged the National Grid for lowering output.

06 June 2023 @ 07:47

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Energy producer SSE has been hit by a nearly £10m fine for charging the national grid - and bill payers as a result - too much money to power down during times when electricity infrastructure can't take all the traffic on the system.

06 June 2023 @ 07:39

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Energy giant SSE is to pay a £9.8 million penalty after breaching its generation licence, the industry regulator has announced. Ofgem said a detailed investigation found that the FTSE 100 company’s generation arm overcharged the National Grid Electricity System Operator (NGESO) during a time of so-called transmission constraint. Transmission constraints happen in situations such as [...]

The post SSE: Ofgem slaps energy giant with £9.8m penalty over licence breach appeared first on CityAM.

06 June 2023 @ 07:14

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Energy giant SSE is to pay a £9.8 million penalty after breaching its generation licence, the industry regulator has announced. Ofgem said a detailed investigation found that the FTSE 100 company’s generation arm overcharged the National Grid Electricity System Operator (NGESO) during a time of so-called transmission constraint. Transmission constraints happen in situations such as [...]

The post Ofgem slaps SSE with £10m fine for overcharging National Grid appeared first on CityAM.

06 June 2023 @ 07:14

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Among the companies with reports and trading updates today are SSE, Associated British Foods, British American Tabaco, Severn Trent and Paragon Banking Group.

06 June 2023 @ 06:43

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Aberdeen is recognised as a leading global energy hub. With decades of experience, it has been at the forefront of the oil and gas industry.

The post Green for growth: how the energy transition can fuel Aberdeen’s future appeared first on Energy Voice.

06 June 2023 @ 06:00

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05 June
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05 June 2023 @ 14:23

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The best way to slash our reliance on fossil fuels is to accelerate the transition to renewable energy, argued the boss of Octopus Energy, amid sustained protests from activist groups such as Just Stop Oil. Greg Jackson, Octopus’s chief executive, called on the government to ramp up renewable energy generation and to cut the red [...]

The post Boosting renewables is the best way to just stop oil, says Octopus Energy boss appeared first on CityAM.

05 June 2023 @ 14:21

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Energy consultancy NFU Energy has announced a collaboration with electric vehicle (EV) charging network Zest to speed up the deployment of rural EV charging infrastructure. 

05 June 2023 @ 14:19

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Energy consultancy NFU Energy has announced a collaboration with electric vehicle (EV) charging network Zest to speed up the deployment of rural EV charging infrastructure. 

05 June 2023 @ 14:19

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Prepay energy customers who need additional support credit outside of traditional working hours are facing “significant detriment”, Citizens Advice has warned. As such the consumer charity is calling for retailers to extend their opening hours, or even provide 24/7 assistance to those who need it.  

The post ‘Clear case’ for energy suppliers to extend opening hours appeared first on Utility Week.

05 June 2023 @ 14:17

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