payments

Small power plant generators that receive payments to help keep the lights on during peak times could lose a huge chunk of the funding. Ofgem is proposing to cut those payments that some embedded generators get from the current level of around £45/kW – double the clearing price for the 2016 Capacity Market auction – […]

A new campaign aimed at reuniting consumers with cash owed to them by their former energy supplier has been launched. Called ‘My Energy Credit’, the nationwide initiative hopes to hand back repayments of around £50 to three million gas and electricity consumers. Customers can apply for the credit regardless of when their account was closed […]

The UK’s application to join a voluntary global initiative aimed at fighting corruption in the oil, gas and mining sectors has been approved. It joins the US and 40 other nations that are part of the Extractive Industries Transparency Initiative (EITI), which brings together governments, companies and civil society groups to promote transparency in the […]

The Government has proposed new rules regarding rights to land access and raised payments for communities that host fracking sites in a bid to speed up shale exploration. It suggests that shale oil and gas companies are granted access to land below 300 metres from the surface and they pay a voluntary amount of £20,000 […]

Regulator Ofgem is proposing to double the financial payments customers get for facing long power cuts during extreme weather conditions. The payments made by Distribution Network Operators (DNOs) were due to rise from £27 to £35 as part of Ofgem’s price control – which runs from 1st April 2015 to 31st March 2023 – but […]

Industrial gas users could be paid by the National Grid to turn off some or all of their machinery if the UK ever faces a gas supply “emergency”. Under new plans by the regulator Ofgem, large gas consumers will be able to put themselves forward to cut their gas demand, in contracts bid for in […]