Ofgem greenlights new Balancing Reserve service

The energy regulator has approved a new Balancing Reserve service expected to cut consumer costs by hundreds of millions over the next four years

ESO launches early constraint service to slash consumer energy bills

The electricity system operator has launched early constraint service to cut consumer energy bills in East Anglia, with expected savings of £20 million starting February 2024

ESO reveals ‘Future System Operator’s name

ESO has announces the name of the forthcoming Future System Operator, with plans for operational launch in the Summer

ESO replaces Balancing Mechanism with new platform

The electricity system operator has launched the first phase of its Open Balancing Platform, which is set to replace the existing Balancing Mechanism and Ancillary Services Dispatch Platform by 2027

British Gas customers to earn bill discounts for reducing energy usage today

Nearly 425,000 customers are encouraged to reduce usage during the DFS event and earn £5 per kWh saved

New independent body launched to overlook energy networks

The FSO will work with the ESO and NGG to review and improve existing electricity and gas infrastructure

EU bank lends €110m for smart meters and IT solutions in Lithuania

Ignitis Group will use the financing to install the technologies for data collection and management with energy distribution operator ESO

Ofgem announces review into interconnector policy

It is inviting comments from stakeholders until 9th September 2020

Energy minister sets out parameters for next capacity auctions

They include the T-1 auction planned for January 2021 and the T-4 auction for February 2021

BEIS launches offshore transmission network review

It aims to remove the barriers for significant deployment of offshore wind projects across the UK