Tag: Ofgem

Britain on fast track to net zero with early access to £4 billion infrastructure investment

Stuart Mitchell

British renewable energy projects will be connected quicker thanks to new Ofgem rules granting early access to almost £4 billion of investment for crucial transmission equipment and services.  The regulator’s new Advanced Procurement Mechanism (APM) will unblock supply chains by allowing Britain’s electricity transmission owners (TOs) to buy essential equipment – such as switchgear, cables and steel – years in advance of when it is needed.  This streamlined process will ensure green-lit projects are ready to break ground as soon as planning approval is granted, allowing TOs to avoid delays,…

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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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