Smart meters at heart of Ofgem’s long-term vision

Smart meters are at the centre of Ofgem’s long-term vision for the retail energy market according to Rachel Fletcher, the  regulator’s Interim Senior Partner for Markets. Speaking at a seminar held by the World Energy Council’s UK group and the Energy Institute yesterday, Mrs Fletcher said whilst the Retail Market Review (RMR) would go some way […]

Failure to engage customers biggest problem facing retail market

A failure to engage customers emerged as the biggest problem facing the future energy retail market at seminar held by the World Energy Council yesterday. Rachel Fletcher, Interim Senior Partner for Markets at Ofgem said: “Low engagement means suppliers do not face strong pressure to keep an attention on their prices, their costs, their products […]

Ofgem launches review of electricity network cost

Ofgem has launched its review of the costs of Britain’s 255,000 miles of low voltage electricity network in light of changing to a greener future. The UK needs around £200billion worth of upgrades on its electricity infrastructure over the next decade, so that new forms of renewable energy such as large scale wind turbines and […]

Ofgem announces Smart Grid funding

Six projects across the UK have been earmarked for £57 million of funding to help discover ways in which to make power networks smarter. Ofgem wants the money to help trial innovative projects, in order to ease the transition to a low carbon economy. The money comes from Ofgem’s £500 million Low Carbon Networks Fund […]