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 […]