Page 41 - Ofgem News Today

Ofgem has announced new financial requirements for suppliers to increase the industrys resilience to future market shocks, amidst a range of measures aimed at boosting customer service and increasing transparency.

Campaigners call on Government to outlaw practice amid cost of living crisis

Scottishpower company sse nearly £10 million breaching its licence. ofgem said the firm told the national grid excessive fees when it switched off its supply of renewable power at times when the energy grid had to much supply. mobile operator virgin media 02 is to cut up to 2000 jobs ljy media 02 is to cut up to 2000 jobs by the end of the year. that number includes 800 post closures that are previously announced. the company is following vodafone and bt in significantly reducing its workforce....

The UKs energy regulator, Ofgem, has imposed a £9.78 million penalty on SSE Generation for securing excessive payments from the UK’s electricity system operator.

Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), have announced that they have signed an agreement on the sale of their

One of Asia’s richest families has entered the race for lucrative contracts to transport electricity from Britain’s biggest offshore wind farm back to the National Grid.

BusinessGreen rounds up the most widely read stories on the site this week

In the free market, lord tyra, says it feels like we live in a rip of economy and the regulators have essentially been captured by the companies they are supposed to regulate. in other words, they pretty much will do what the company is one. do pretty much will do what the company is one. ,, . ., �* pretty much will do what the company is one. i. ., ., �* ., is one. do you agree? i dont agree with that. is one. do you agree? i dont agree with that- l— is one. do you agree? i dont agree wit...

Came from a world run by an economics movement which invited regulators to focus on a rather narrow set of consumer welfare, doing rather detailed economic modelling of what might happen to prices as far as consumers were concerned. and certainly the effect, and i am inclined to believe the intention of all of that, was to emasculate anti—competition policy and that is what happened in the us, which undermined it somewhat in the uk. we need a new intellectual framework. and for the sectors lik...

British airways, we got a competitive outcome. in water it is inescapably a monopoly. we regulated it relatively well in the early years, we have not been doing very well at it since. so, if this is right, if, what we need is more than political pressure on firms and regulators and competition authorities. its about a whole new way of regulating 215t century capitalism to ensure market5 work in the interests of consumers and households. let5 5peak now to a woman whos previously worked for three ...