regulator

Ofgem, which oversees the UK gas and electricity markets, has increasingly been given responsibilities in relation to other areas, particularly the country’s energy supply and decarbonisation

Carbon jumps again with the green agenda hijacked, but will prices be contained?

The energy regulator claims the new body could save consumers as much as £4.8 billion between 2022 and 2050

The energy firm admitted: ‘EDF ETG takes this issue extremely seriously and apologises for the error’

That was the suggestion from Ofgem CEO Jonathan Brearley, who spoke yesterday as part of Energy Live Xpo 2020, the theme of which is ‘Rethinking Energy’

Register for our Energy Live Xpo webinar with the boss of the regulator taking place at 15:15 on November 9th

The government claims the move will see around 11 million households across the UK make savings on their energy bills

The proposals aim to enable the delivery of emissions-free green energy across the country and meet national net zero targets, while also maintaining high levels of service and grid reliability

Ofgem has confirmed that the scheme will be available as a last resort option

The move will save UK consumers money on their bills over the 45-year cost period