Ofgem

Did you know that no new Long Duration Electricity Storage (LDES) has been built in Great Britain for almost 40 years? These ‘super batteries’ are crucial for making our #energy system more resilient by storing #electricity and releasing it when needed. They also help reduce costs for consumers by lowering their #bills. Today, #Ofgem has launched the first-ever LDES Cap and Floor scheme, providing much-needed certainty for investors. 🔍 Analysis shows that LDES could save £24 billion in electricity system costs from 2030 to 2050. 📅 Applications close on Monday, 9 June. Find out more here 👇 https://ow.ly/4KnY50VwjHU

📣 We have appointed British Gas to take on supplying Rebel Energy’s 84,000 domestic customers and 6,000 non-domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Follow the link for more ➡️ https://ow.ly/gmzq50VvAMq

🚨NEW: world-first government partnership with British fusion venture capital fund. We're investing £20 million into Starmaker One to help fusion businesses grow and unlock £100 million of private sector investment. A breakthrough in fusion technology will provide near-limitless, clean energy and allow the UK to export to a global fusion market worth trillions of pounds. This will help make the UK a clean energy superpower as part of the Plan for Change, grow the economy and create high skilled jobs. Learn more ⬇️ https://lnkd.in/gWph23Z2

Yesterday, our Chair Mark McAllister visited both the Waltham Cross and Brimsdown infrastructure projects, hosted by National Grid. This visit highlighted the Hackney Waltham Uprating Project (HWUP). HWUP, an ASTI project approved by Ofgem, aims to enhance the country’s energy infrastructure by 2027-2028, supporting increased clean energy generation. Ofgem will continue to work with National Grid, the Department for Energy Security and Net Zero, and other partners as these projects progress to ensure that value for money and quality of work is delivered throughout 🤝 #Ofgem #NationalGrid #Energy #Infrastructure #CleanEnergy

April marks #EarthMonth 🌍 We remain committed to supporting a lower-carbon sector by faciliating the safe development of new technologies, tracking environmental progress, and supporting airspace modernisation to help reduce emissions and noise. By working with Government, industry, and consumers, we’re enabling aerospace to evolve towards a more sustainable future. How we’re driving change 👇

🏪 New measures have come into effect effect that will provide #businesses with better support on #energy issues, helping them to become more #EnergyAware. These include: 🟠 Energy brokers/third-party intermediaries working on small business contracts need to be signed up to a qualifying dispute settlement scheme (QDSS) 🟠 Suppliers need to signpost small business customers to Citizens Advice for enhanced guidance in managing their energy provisions 📽️ Watch for more on how we are protecting non-domestic customers 👇

Following a public consultation, Ofgem has confirmed the activities we should undertake as Regional Energy Strategic Planner (RESP) for Great Britain. As the RESP, we’ll join up national and local energy plans across Scotland, Wales and nine regions in England to ensure local communities can help plan the energy infrastructure needed to enable their plans for economic growth and net zero. We’ll adopt a whole system approach by working across all energy vectors, including electricity, gas, heat and transport, to drive local energy network investment and deliver secure, affordable, clean energy for consumers, homes and businesses across Great Britain. Read more:  https://bit.ly/423Db3m 💻 Ofgem are hosting a webinar for the Regional Energy Strategic Planner (RESP) Policy Framework Launch tomorrow at 10am. To join the session, register here: https://bit.ly/4lkNk4P 

🌆 By the end of 2027, energy plans will be in place for every city, town, and village across Great Britain. Ofgem has given the green light for the plans to be drawn up for Scotland, Wales and nine regions in England by the independent National Energy System Operator (NESO). 🌍 These Regional Energy Strategic Plans (RESPs) will outline steps to secure energy supply, meet rising electricity demand, and pave a cost-effective path to net zero. They will coordinate local energy expansion, clean power generation, and infrastructure for decarbonising heating, transport, industrial clusters, and hydrogen plants. This integrated approach to national and regional energy planning aims to ensure sufficient network capacity to support decarbonisation and new economic activities like data centres. 🔗 https://ow.ly/jHeV50VsVp7 #EnergyFuture #NetZero #CleanEnergy #Sustainability #GreatBritain

⚡ Paving the way for digitisation of the energy sector! Following a public consultation on the future governance of data sharing infrastructure (DSI) in the energy sector, Ofgem has appointed National Energy System Operator as the coordinator of Data Sharing Infrastructure. This appointment is a significant step towards enhancing data availability and digitalisation within the energy sector. NESO will work closely with Ofgem, industry, and government to design and implement the Data Sharing Infrastructure. The initial focus will be on establishing a secure and interoperable framework for seamless data exchange. 📖 Read more here: https://ow.ly/aIyq50Vsq2i 📽️ Or watch our Deputy Director for Strategy Marzia Zafar explain

⚠️Rebel Energy UK is ceasing to trade. If you're a customer, you don't need to worry. While this process happens: 🟠 Rebel Energy will continue to supply your energy 🟠 Your credit balance is protected What to do if your supplier goes out of business 👇 https://ow.ly/XYr550Vsl8C