UK network operator SSEN trials smart trading platform

It is expected to unlock new revenue streams for homes, businesses and communities

DNO profits ‘could drive household bills up £20’

Electricity network companies’ high profits could add £20 to household energy bills this year. That’s according to the Energy and Climate Intelligence Unit (ECIU), which says in the first year of the current price control mechanism, the six distribution network operators (DNOs) earned an average profit margin of 30.4%. If this level of profit margins […]

Ofgem threatens to fine network operators over poor customer service

Ofgem has threatened to cut the revenues of power distribution network operators (DNOs) by £13.9 million if they fail to improve customer service. DNOs own and operate the distribution network of towers and cables that bring electricity from the national transmission network to homes and businesses. There are 14 electricity distribution networks owned by six […]

UK Power Networks sets a smarter vision

UK Power Networks (UKPN) has unveiled plans to become a Distributed System Operator (DSO) in its effort to create a smarter and flexible grid. UKPN, currently a Distribution Network Operator (DNO), is responsible for delivering electricity to more than 18 million people in London, East and South East England. Its new vision to becoming a […]

Ofgem: Smart grid tech benefits could reach £8.1bn

The benefits that smart grids could provide to energy networks could account between £4.8 billion and £8.1 billion. That’s according to Ofgem which is calling on electricity distribution companies to deliver more innovation for less so customers get better value for money from smart grid projects. The regulator ran an independent review into its Low […]

Ofgem plans to cap electricity distribution firms’ returns

Energy regulator Ofgem is proposing to place limits on investment returns Britain’s electricity distribution companies can generate. It plans to lower the assumed cost of equity, i.e. the return the firms pay to their investors, to 6%, which means an assumed cost of capital of 3.8% for five of the six electricity distribution companies in […]

Ofgem picks 23 projects for innovation competition finals

Ofgem has awarded 23 projects a place in the final stages of its three innovation competitions for regulated network companies. The network innovation competitions (NICs) is in its first year and makes up to £27 million per year available for onshore and offshore power transmission companies, with a separate £18 million for gas distribution. The […]