Thousands of customers face price hike as electricity meter switch off looms

Customers relying on Radio Teleswitch Service for their energy meters could face significant increases in their energy bills after March 2024, experts have warned

UK grid operator’s computer systems failure disrupts electricity matching

National Grid Plc’s Balancing Mechanism IT systems experienced an outage yesterday

UK electricity market sets CAP below £100/MWh for first time since 2021

The Credit Assessment Price will fall to £85/MWh in response to stabilising wholesale prices

Ofgem drops verdict on future of Elexon ownership

Elexon will remain in industry ownership, with shares to be transferred to 13 licensed Balancing and Settlement Code (BSC) funding parties

National Grid spent hefty sums to keep the lights on during cold snap

The system operator paid some of the steepest rates for gas-powered electricity on Tuesday, fresh data shows

Elexon proposed to administer energy bill freeze payment scheme

A modification to the Balancing and Settlement Code has been proposed to enable Elexon to act as an administrator of the government’s Energy Price Guarantee

New wholesale electricity market data service launched

By Reza Nia, Head of Analysis & Insight, Elexon

Government and Ofgem consults on future ownership of Elexon

Two options are being proposed – the firm should be owned by a public corporation or a representative group of industry stakeholders

Elexon to expel Neon Reef and Orbit Energy from BSC

According to Elexon, the companies have failed to reduce their credit cover percentage

Elexon blocks Omni Energy from taking on new customers

According to Elexon, the company failed to sufficiently reduce its credit cover percentage