The energy regulator is making good on its threat to toughen up on electricity network operators by cutting £200m from their revenues after a review of their investments. Ofgem has warned network companies that it plans to crack down on the regulated revenue they claim from energy bills to fund grid upgrades and new projects. The network companies – which include UK Power Networks, SSE, Scottish Power and Western Power Distribution – spent less than planned between 2010 and 2015, giving Ofgem the grounds to cut their allowed revenues from customer bills to help ease the upward pressure on energy tariffs.
Telegraph 15th Sept 2017 read more »
Times 16th Sept 2017 read more »