Ofgem reduces allowed revenues for network operators

Ofgem has announced it has reduced the revenues that energy network operators are allowed by £510.5 million for the next year. The regulator makes annual adjustments for revenues they can collect from customers. The decision to reduce the allowed revenue is due to less spending required to deliver outputs, lower interest rates in debt markets and […]

UK energy system ‘needs upgrades for low carbon transition’

Moving to a low carbon system will require existing energy networks to be “radically transformed”. A new report from the Energy Technologies Institute (ETI) says current regulatory frameworks are not designed to enable and incentivise the investment needed to move to a low carbon solution. It suggests the UK Government must decide what new networks are […]

EU offers €100m to connect energy networks

The European Commission has launched a €100 million (£72.3m) pot for projects aimed at connecting energy networks across the EU. It is inviting companies to bid for a share of the cash to “end energy isolation, eliminate energy bottlenecks and complete the European energy market”. In order to apply for a grant, the proposals have […]

Ofgem awards £46.4m for smarter energy networks

Eight projects that are expected to make the energy networks in Britain smarter and more cost efficient have been chosen by Ofgem. They were picked out of 10 entries and will share a £46.4 million fund as part of the regulator’s Network Innovation Competitions (NIC). The winning projects include developing a robotic device to inspect […]

Smart grid needs to be secure

A report commissioned by the Energy Networks Association has said a joined up approach is needed to make any future smart grid secure from cyber attack. The report written by international consultants KMEA looked at the threats and considered how government and networks should be developing strategies to secure UK electricity infrastructure. The report found […]