by News Editor | Feb 8, 2019 | Economy, Energy UK, Environment, News, Ofgem
Industry voices have given a mixed reaction to Ofgem’s announcement that it is to raise the default price cap on standard variable tariffs (SVTs) by £117 to £1,254 a year. The price cap for pre-payment meter customers will increase by £106 to £1,242 a year for the...
by News Editor | Feb 5, 2019 | Economy, Electricity, Energy UK, Environment, News, Ofgem
The Competition and Markets Authority (CMA) has decided to review the order it issued imposing a price cap on prepayment tariffs. The review will consider whether the order should be revoked or altered in light of several changes in circumstances, namely the slower...
by News Editor | Feb 5, 2019 | Economy, Electricity, Energy UK, News, Ofgem
Ofgem is expected to announce a significant increase to its price cap on default tariffs on Thursday (7 February). A number of industry analysts predict the price cap, which came into effect on 1 January 2019, will rise by around £100 from the current level of £1,137....
by News Editor | Feb 4, 2019 | Economy, Electricity, Energy UK, Environment, Smart Meters
The industry must avoid any hiatus in the smart meter rollout programme when installation of the SMETS1 devices ends in mid-March, Energy UK’s director of regulation has told MPs. In a letter to Rachel Reeves, chair of the House of Commons Business, Energy and...
by News Editor | Feb 1, 2019 | Economy, Energy UK, National Grid, News
National Grid recommends an investment of £59.8 million across 25 asset-based projects this year. In its Network Options Assessment for 2018/19, it says this investment, which is higher than last year’s, would allow it to maintain the option to deliver projects...
by News Editor | Jan 29, 2019 | Economy, EDF, Energy UK, News, Staff
EDF Energy has denied it is planning to cut staff, following rumours the company was considering options to reduce investment in the UK market. An industry source told Utility Week there may be a possibility the company is seeking to cut staff numbers by an amount...
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