Tag: Ofgem

Ofgem engages consumers on the journey to a decarbonised and flexible future energy system

Stuart Mitchell

Ofgem is seeking input on how to best attract domestic energy users on a journey to becoming flexible energy consumers able to reap the benefits of a net zero energy system.   Recently Ofgem has issued a call for input on how best to engage domestic consumers in Demand Side Response (DSR). This concept enables Great Britain’s rising electricity consumption – resulting from growing numbers of electric vehicles (EVs) and electric heating systems – to better match GB’s increasing number of intermittent renewable energy sources, such as wind and solar power.  …

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Ofgem welcomes proposed legal mandate to prioritise the UK’s 2050 net zero target

Stuart Mitchell

Ofgem has welcomed the Government’s amendment to the Energy Bill giving the regulator a statutory net zero duty. This will restate Ofgem’s principal objective to protect the interests of existing and future gas and electricity consumers. It will add a specific duty to do so by supporting the Government meet its legal obligation to get to net zero by 2050, as required by the Climate Change Act 2008. Ofgem CEO Jonathan Brearley said: “Our fundamental objective will always be to protect the interests of existing and future consumers. It is…

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National Grid granted nearly £1m from Ofgem to fund eight net zero innovation projects

Stuart Mitchell

Eight National Grid-led projects exploring innovation in the electricity transmission and distribution networks have been given the green light to progress to the first ‘discovery’ phase of Ofgem’s Strategic Innovation Fund (SIF) programme. The ambitious innovation projects will provide critical learnings and research to help inform the future development of a net zero energy system at the same time as delivering significant benefits to consumers. National Grid Electricity Transmission has been awarded £396,000 for three projects that will help develop a net zero electricity network, including: investigating technology to increase…

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Energy networks launch 40 new innovation projects to help Great Britain accelerate the transition to net zero

Stuart Mitchell

Forty innovation projects were launched earlier this year marking a significant ramping up of energy network innovation to help accelerate the transition to net zero at the lowest cost to consumers. The projects will explore new ideas for gas and electricity networks, with the potential to benefit consumers and help transform the UK’s energy systems in line with net zero targets in the coming years. The projects are the first to be given the go-ahead under Ofgem’s new Strategic Innovation Fund (SIF) partnership with Innovate UK. They will receive up…

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New £450m fund to unlock cutting-edge innovation across gas and electricity networks

Stuart Mitchell

A new fund  will unlock greener ways to travel and to heat and power homes and businesses, by harnessing a new approach to energy network innovation. This will keep bills as low as possible, drive the UK towards its goal of net zero greenhouse gas emissions by 2050, and help turn the UK into the ‘Silicon Valley’ of energy. The fund, which opened for application on 31st August, is part of Ofgem’s RII02 price controls for the electricity system operator and the network companies that operate GB’s energy pipes and…

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