Tag: Ofgem

Energy sector taskforce unites to tackle Radio Teleswitch challenge

Stuart Mitchell

Energy suppliers and other stakeholders have committed to working together to replace 800,000 Radio Teleswitch (RTS) meters across the United Kingdom before the service is switched off next summer.  The agreement follows a summit, organised by the energy regulator Ofgem, gathering suppliers and stakeholders including Energy UK and Citizens Advice to find a joint solution to the challenge of migrating households from the ageing technology before the service ends on 30 June 2025.  The RTS system, which uses long wave radio signals to tell some electricity meters to switch between on…

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£84 million of SIF funding to accelerate race to net zero

Stuart Mitchell

Ofgem has approved 12 round two beta projects, awarding £84 million through the Strategic Innovation Fund (SIF) delivered in partnership with Innovate UK. Delivery of net zero by 2030 The projects have been awarded beta funding to further develop ideas and innovations in the latest tranche of funding awards from the Office of Gas and Electricity Markets (Ofgem) and Innovate UK’s SIF. As well as delivering financial, environmental and societal benefits for Great Britain’s energy consumers, these projects also support government efforts to make Britain a clean energy superpower. Innovation…

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Ofgem announce new approach to Strategic Innovation Fund to drive progress to net zero by 2030

Stuart Mitchell

Ofgem has announced the introduction of a new process which gives innovators more opportunities to apply or re-apply to the Strategic Innovation Fund (SIF) and gain funding quicker than ever before.  SIF projects support efforts to end the era of high energy bills, excessive carbon emissions and energy insecurity by accelerating the transition to clean, homegrown energy. The changes, which follow extensive engagement with stakeholders, will make the SIF more flexible and create more opportunities to apply for funding. More than £95 million was announced for ten trailblazing projects through…

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Proposed Anglo-Scottish electricity superhighway is first to clear final fast-track funding hurdle

Stuart Mitchell

Ofgem’s Accelerated Strategic Transmission Investment (ASTI) framework is fast-tracking 26 major connection projects which will boost grid capacity and could deliver estimated savings of £1.5 billion.  A £3.4 billion funding package has been awarded to build a proposed new subsea and underground 500km cable between Scotland and Yorkshire which could power up to 2million homes. Eastern Green Link 2 (EGL2) is the first of 26 projects to complete a fast-track process to secure funding through Ofgem’s new ASTI framework. ASTI accelerates the funding process by up to two years, allowing electricity…

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Ofgem lays the groundwork for consumer friendly flexible energy use

Stuart Mitchell

The quest for cleaner cheaper power has accelerated this week as Great Britain builds a pathway to a more flexible energy future.    Ofgem has:  confirmed Elexon as market facilitator for local energy flexibility. Its mission is to spearhead and enable greater flexible energy use across GB’s local electricity distribution networks. It will act as a single, expert entity that will work closely with Ofgem, the ESO (Electricity System Operator), ENA (Energy Networks Association), local networks, and Flexibility Service Providers (FSPs) to drive alignment between local and national flexibility markets and…

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