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TOP NEWS SUMMARY: Square buys Afterpay; Meggitt accepts US offer

TOP NEWS SUMMARY: Square buys Afterpay; Meggitt accepts US offer
lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.

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Perth-based SSE to sell stake in gas firm SGN in £1 2 billion deal

Perth-based SSE to sell stake in gas firm SGN in £1 2 billion deal
thecourier.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecourier.co.uk Daily Mail and Mail on Sunday newspapers.

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Energy Licence Modification Appeals 2021

Energy Licence Modification Appeals 2021 The CMA is considering appeals by 9 energy companies against modifications made on 3 February 2021 to the electricity and gas transmission, and gas distribution, licences. The modifications were made by GEMA, Ofgem’s governing body, following Ofgem’s RIIO-2 price control decisions of 8 December 2020. From: Case type: Administrative timetable Published on 22 April 2021, as required by Rule 13 of the Energy Licence Modification Appeals: Competition and Markets Authority Rules (CMA70). Any revisions made to the timetable will be published on this website. Date Early August 2021 Main hearings 31 March 2021 3 March 2021 Notice of Extension 21 April 2021: Following representations from the parties, the CMA decided on 20 April 2021 to extend the deadline for the determination of the appeals by one month to 30 October 2021.

United kingdomSusan hankeyDavid thomasKirstin bakerScotland gas networksNorthern gas networksNational grid gasEnergy licence modification appealsAuthority rulesWales west utilitiesSouthern gas networksCadent gasNational grid electricity transmissionMarkets authority rulesGrid electricity transmissionGrid gas

UK energy networks appeal against Ofgem s price control

Image: Shutterstock Nine energy network companies are seeking permission from the Competition and Markets Authority (CMA) to appeal against Ofgem’s price control. They are appealing against changes to the electricity and gas transmission and gas distribution licences, which set out how much energy companies can charge their customers – the result of the RIIO-2 price control decision issued by Ofgem in December 2020 for the period between 1st April 2021 to 31st March 2026. The appeals largely focus on the allowed return on investment and the way Ofgem calculated the costs the companies would spend on maintaining and investing in their networks over the next five years.

United kingdomRob mcdonaldScotland gas networksSouthern gas networksNorthern gas networksNational grid electricity transmissionNational gas gridMarkets authorityCadent gasScottish hydro electric transmissionManaging directorDraft determinationsஒன்றுபட்டது கிஂக்டம்கொள்ளை மக்டொநல்ட்ஸ்காட்லாந்து வாயு நெட்வொர்க்குகள்தெற்கு வாயு நெட்வொர்க்குகள்

Companies appeal against plans to slash household energy bills

These returns are achieved through a charge on household energy bills and cutting them would have saved each UK household around £20, Ofgem said. But after hearing further opinions from the sector, which said the decision would put investment in the green transition at risk, the regulator somewhat softened its stance, upping returns to 4.3%, which would slash energy bills by £10 on average. Ofgem argues that investing in the UK’s energy networks carries very low risk and that lower returns will therefore not scare off investors. The UK’s energy networks are heavily regulated and network returns are capped by Ofgem for multi-year periods.

United kingdomScotland gas networksWales west utilitiesSouthern gas networkNorthern gas networksMarkets authorityScottish hydro electric transmissionWest utilitiesஒன்றுபட்டது கிஂக்டம்ஸ்காட்லாந்து வாயு நெட்வொர்க்குகள்வேல்ஸ் மேற்கு பயன்பாடுகள்தெற்கு வாயு வலைப்பின்னல்வடக்கு வாயு நெட்வொர்க்குகள்சந்தைகள் அதிகாரம்ஸ்காட்டிஷ் ஹைட்ரோ மின்சார பரவும் முறைமேற்கு பயன்பாடுகள்