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Crackdown on energy profiteers: Ofgem proposes new Balancing Mechanism rules

Crackdown on energy profiteers: Ofgem proposes new Balancing Mechanism rules
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United kingdomEleanor warburtonEnergy systems managementBalancing mechanismActing director

Ofgem cracks down on generators that left customers with a £3bn bill

Generators will no longer be able to hold back supplies, so they can later harness higher prices for back-up power generation, says Ofgem.

United kingdomEleanor warburtonNicholas earlNational grid

Ofgem plans clamp down on power station owners

Ofgem is planning to clamp down on power station owners making “excessive profits” from supplying the UK electricity network. The energy regulator said it.

United kingdomEleanor warburtonBalancing mechanism