Is Secure and Promote delivering for retail competition?

On 25 July, Ofgem launched a consultation as part of its review of the Secure & Promote licence condition. Secure and Promote was introduced in 2013 to improve liquidity and market access for small and new entrant electricity suppliers. Small suppliers face a number of challenges in their electricity procurement – typically they do not…

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Helm energy price review: time to confront the sacred cows

The Government has this week appointed Dieter Helm, professor of economic policy at Oxford University, to lead a review into the cost of energy. He will chair a panel of experts including Nick Winser, executive director at National Grid and former Conservative MP Laura Sandys, who will examine the entire electricity supply chain and consider…

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RIIO reform: current regime too generous to network companies

On the 12th July, Ofgem issued an open letter launching the process for establishing the next round of price controls, known as “RIIO-2”, for the GB gas and electricity systems. These price controls determine the amount of allowable expenditure for network companies (which includes owners and operators of the transmission and distribution networks) and the…

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Future Energy Scenarios: interrogating the crystal ball

National Grid has published its latest future energy scenarios going out to 2050. The scenarios are based on the (in)famous energy trilemma: security of supply, de-carbonisation and affordability, and provide what National Grid says are “credible pathways for the future of energy for Great Britain”. In this post I will explore what these scenarios mean…

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Leaving Euratom: disaster or opportunity?

Since the announcement in on 29 March that as well as exiting the EU, the UK would also be withdrawing from Euratom, the European Atomic Energy Community, there has been much consternation, with fears ranging from the UK potentially being barred from importing nuclear material, to Brexit threatening cancer treatments. So what is the story…

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