Bosses of the UK’s power network operators were told off for “utter complacency” today in the wake of Christmas storms which led to power cuts for 460,000 people. Representatives from UK Power Networks, Western Power Distribution, SSE, Electricity North West, ScottishPower and trade body Energy Networks Association appeared in front of MPs to defend themselves. […]

Ofgem has ordered five of the six companies that own and operate Britain’s local electricity network to trim down costs for consumers. Today the energy watchdog sent back proposals to cut bills from the firms, saying they “did not sufficiently demonstrate value for consumers”. Customers have to rely on regulation from Ofgem to limit charges […]