Page 47 - Ofgem News Today

Energy suppliers Ovo Energy and Good Energy are set to pay £4m in compensation for overcharging customers during energy crisis, with Ofgem calling it totally unacceptable

This subsidy is able to bring an average households bills down to roughly £2,500 a year in Great Britain.

Company under pressure to fix decade-long wait faced by renewable energy developers

Mail readers have told of how theyve been overcharged by both Ovo and Good Energy, who have been ordered to pay 18,000 households compensation of £4m.

Under rules brought in three years ago, customers are entitled to a £30 payment each if a final bill is not produced in six weeks.

More than half of all renewable projects wait for over half a decade for a connection to the grid, Ofgem said.

Regulator signals intention to shake up 'not-fit-purpose' grid connection regime

More than half of all renewable projects wait for over half a decade for a connection to the grid, Ofgem said.

Own figures, 40% face a connection delay of at least a year — investments worth tens of billions of pounds. fundamental reform is required, says the grid. more infrastructure is needed. we will need more places like this. and so were working, were working very hard to do that, to design that, and to build at a faster pace than we ever have done before. she says integrating renewables into the countrys electricity system represents the biggest challenge since national grid was first set up almo...

Of billions of pounds. fundamental reform is required, says the grid. more infrastructure is needed. we will need more places like this. and so were working, were working very hard to do that, to design that, and to build at a faster pace than we ever have done before. she says integrating renewables into the countrys electricity system represents the biggest challenge since national grid was first set up almost 70 years ago. ofgem, the body that regulates the uks electricity network, acknowledg...