Energy network company annual reports 2018-19
Ofgem recently (07 February 2020) published the performance and financial annual reports for the 2018-2019 year for electricity distribution, gas distribution, electricity transmission and gas transmission network companies:
RIIO – Regulatory Finance Annex 2018-19.
Notes to Editors
RIIO stands for revenue = incentives + innovation + outputs. The price control for gas and electricity transmission and gas distribution networks began on 1 April 2013 and runs for eight years, to 2021. The price control for the electricity distribution network began on 1 April 2015 and runs for eight years, to 2023.
For media queries, contact Ofgem media manager Ruth Somerville
Tel: 0207 901 7460/ 07766 511 470
For investor queries, contact Ofgem head of investor relations John Bolitho
Tel: 0207 9011858
Latest News from
Ofgem appoints Octopus Energy to take on customers of Effortless Energy Ltd07/09/2020 13:15:00
Ofgem has appointed Octopus Energy to take on supplying Effortless Energy Ltd’s (trading as Go Effortless Energy) approximately 2,500 domestic customers and small number of non-domestic customers.
Ofgem fines SSE £2.06 million for failing to publish inside information about the wholesale energy market04/09/2020 13:15:00
The £2.06m fine, the first relating to the publication of inside information in energy markets in GB and the EU, sends a strong message to SSE, and other wholesale energy market participants, about the importance of fully complying with REMIT rules.
Ofgem protects customers of failed supplier Effortless Energy Ltd01/09/2020 15:15:00
Effortless Energy Ltd (trading as Go Effortless Energy), a gas and electricity supplier with around 2,500 domestic customers and a small number of non-domestic customers is ceasing to trade.
British Gas makes payments totalling £1.73 million for handling of changes to prepayment meter top-up arrangements27/08/2020 13:20:00
British Gas failed to notify around 270,000 prepayment customers about a change of top-up provider, from Paypoint to Payzone, which went live on 1 January 2020.
£1.2 million paid as SSE Energy Services failed to hit smart meter targets21/08/2020 12:20:00
SSE Energy Services missed its target to install gas and electricity smart meters for customers in 2019. Ovo Energy, which acquired SSE Energy Services in January 2020, will pay out £1.2 million for SSE Energy Services' historic issue.
Bulb to pay £1.76 million for compliance issues14/08/2020 13:15:00
Bulb failed to comply with Ofgem’s rules in three separate areas between 2017 and 2020, which affected around 61,000 customers.
Savings on energy bills this winter as price cap falls10/08/2020 13:15:00
The price cap will fall by £84 from £1,126 to £1,042 per year for the winter period (October-March). This is the lowest level of the cap since it was introduced on January 1 2019.
Ofgem publishes price cap decisions ahead of update05/08/2020 10:15:00
Ofgem has today published three decisions relating to the price protection provided to default tariff and prepayment customers following its statutory consultations published in May.