Ofgem

  1. Energy watchdog sets out green energy plans, but firms not happy

    Andrew Black

    BBC Scotland Business Presenter

    The UK energy regulator has set out plans for a £25bn programme to boost green energy by transforming the country's energy networks - but energy companies aren't happy.

    Ofgem decides the rules on how much money gas and electricity companies can earn, but also gives them room to pay for new investment from customer bills.

    Under these plans, they'll be allowed to spend £25bn on improving gas and electricity networks - £3bn of which will be used to make the electricity network more environmentally friendly.

    But Ofgem says the return energy firms will be allowed to make from their investments will be nearly halved.

    Perth-based SSE - one of the country's big energy firms - says these plans won't help achieve next zero carbon targets and risks investment in new projects

  2. Ofgem cracks down over firms' smart meter failure

    Smart meter

    Energy watchdog Ofgem has banned five energy firms from taking on new customers until they join a common system that allows homes to take full advantage of their smart meters.

    It had issued final orders against Daligas, Enstroga, Entice Energy Supply, Euston Energy (trading as Northumbria Energy), and Symbio Energy for failing to become so-called Data Communications Company (DCC) users after a November 2017 deadline.

    The system allows smart meters to keep their smart functionality, doing things like sending meter readings to energy suppliers automatically, even when customers start buying their gas or electricity from a new firm.

    The five firms were among nine that were warned about the action in January when Ofgem gave them a deadline of 31 March to become DCC users.

    Ofgem warned that it could revoke the firms' licences if they still fail to comply with the DCC rules.

  3. Energy price cap to fall by £17 from April

    A woman looking at a smart meter

    The price of energy is set to fall for millions of British households from April, driven by lower wholesale costs, energy regulator Ofgem has announced.

    Both the default price cap and the pre-payment meter price cap will fall by £17, to prevent around 15 million customers in the UK from being overcharged.

    Ed Dodman, director of regulatory affairs at the Energy Ombudsman, said: "This reduction in the price cap is good news for the millions of UK households currently on default tariffs, but shouldn’t discourage people from shopping around for better deals.

    "When switching, we would encourage consumers to look at the customer service they can expect to receive as well as how much money they could save."