Energy firms Orsted, RWE and UK Power Networks pay £10m for blackout. Three energy companies are to pay a combined £10.5 million after an Ofgem investigation into Britain’s worst blackout in a decade. Orsted, which runs the world’s largest offshore wind farm at Hornsea One off East Yorkshire, and RWE, which owns the Little Barford gas power plant in Bedfordshire, have each agreed to pay £4.5 million after their plants failed on August 9. The regulator said that both should have withstood disruption from a lightning strike to the national electricity grid. Their failure triggered blackouts that cut power to a million homes and caused days of chaos on rail networks.
Times 4th Jan 2020 read more »
FT 3rd Jan 2020 read more »
The government has promised to ensure the UK “continues to have one of the world’s most reliable electricity systems” as it drives towards net zero emissions, today setting out a series of actions to boost grid stability after a major blackout in the East of England last summer. It confirmed plans to assess whether National Grid Electricity System Operator (ESO) should have to hold additional back-up power generation to guard against future power outages, as more intermittent clean energy sources come online in the coming years.
Business Green 3rd Jan 2020 read more »
After nine failed suppliers, major takeovers and a price cap on bills, the energy sector has faced another bruising year which seemed to mark, once and for all, the end of the Big Six. Change for suppliers started early, on January 1, when Ofgem’s tough new rules which put an upper price on the cost of energy to some households came into force. The wildest predictions of the industry, that customers would stop shopping around for better deals, did not quite materialise in the weeks and months that followed. In fact, by the end of 2019 it had become clear that more people had switched over the last 12 months than at any other point on record. But it did force some bigger suppliers to take a cut to their profits.
Energy Voice 31st Dec 2019 read more »