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Related to OFGEM: Ofwat, Ofcom, DECC
OFGEMOffice of Gas & Electricity Markets (UK government)
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References in periodicals archive ?
Mr Owen, who is a member of the House of Commons Energy Select Committee, has raised this matter with Ofgem and the Government directly.
Ofgem's fine, which NG vowed to appeal, prompted calls for the accelerated roll-out of smart meters across the UK.
Currently, energy distribution prices are controlled every eight years, but Ofgem has proposed to reduce this to five-year periods.
Therefore Ofgem said it is seeking initial views from all stakeholders on issues such as the length of the price control, the approach to setting the cost of capital and the role of electricity distribution networks in enabling the low carbon transition more generally.
In early May, Ofgem told the firm to pay what it owed by 16 May.
"Ofgem's Provisional Order does not cover our new flagship 'Community Energy Scheme', which we have developed in partnership with social housing landlords to deliver affordable, clean energy to their tenants.
Between last April and the end of December Ofgem, whose chief executive earns more than the Prime Minister, paid PS867,285 in bonuses to 565 civil servants.
"Ofgem, the energy regulator, is appointing a new supplier for its customers.
Ofgem chief executive Dermot Nolan said: "The price cap will ensure that, whether energy costs rise or fall, suppliers are not feathering their nest."
EDF will pay the money into Ofgem's consumer redress fund, which supports consumers in vulnerable situations and the development of innovative products or services not currently available.
An Ofgem spokesman said: "We will now choose a new supplier to take on the customers of Future Energy.