News Categories
Other stories in Electricity
- Steve Smith quits Ofgem and joins High Street bank
- First offshore transmission operators announced
- ETI seeks partners to develop energy storage
- Drax Power anounces output and earnings on the up
- Reactor firms start Wylfa work
Tagcloud
abstraction, AEP, anaerobic digestion, Anglian Water, Australasia, Benelux, BG Group, bil, billing, bills, biomass, Bristol Water, British Energy, British Gas, budget, Business Stream, call centres, carbon, carbon capture, CCWater, Centrica, CHP, climate change, coal, competition, complaints, connections, Conservatives, Consumer Focus, consumer research, cost of capital, credit crunch, customers, Cyprus, Czech Republic, debt, Decc, Defra, defra, Denmark, Department of Energy and Climate Change, distributed generation, Dong, drainage, Drax, Drinking Water Inspectorate, drought, e, Eastern Europe, eco-towns, economy, Ed Miliband, EDF, EDF Energy, effic, Efficiency, efficiency, electricity, electricity distribution, electricity generation, electricity retail, electricity transmission, Eligible households should automatically get £80 refund on energy bill, emergencies, emissions, emissions trading, ENA, Enel, Energy, energy, energy distribution, energy efficiency, energy generation, energy policy, energy retail, Energy retail, energy security, energy services, energy storage, energy suppliers, energy supply, energy transmission, engineering, Eni, environment, Environment Agency, Eon, ERA, ESB, Essent, Eurelectric, Europe, European Commission, European Union, finance, Finland, flooding, France, fuel poverty, gas, gas distribution, gas retail, gas storage, gas supply, gas transmission, gas transport, Gazprom, GDF Suez, geothermal, Germany, health and safety, Heat, heat, hom, hometop, Iberdrola, ice, industrial relations, infrastructure, Infrastructure Planning Commission, innovation, interruptions, IP, Ireland, Italy, jobs, leakage, legal, LNG, maintenance, metering, Morrison, MPs, National Grid, NEA, Netherlands, NI Water, NIAUR, NIE, NIE Energy, Nordic, Northern Gas Networks, Northern Ireland, Northumbrian Water, Npower, nuclear, offshore, offshore wind, Ofgem, ofwat, Ofwat, Ombudsman Service, operations, ownership, pan-utility, Parliament, people, planning, po, policy, politcs, politics, pollution, poverty, pri, price review, pricing, protest, quality, re, regulation, renewables, research, Russia, RWE, Scotia Gas Networks, scotland, Scotland, Scottish and Southern Energy, Scottish Power, Scottish renewables, Scottish Water, security of supply, selling, Severn Barrage, Severn Trent, Severn Trent Water, sewerage, skills, smart grids, smart metering, smart meters, solar, South West Water, Southern Water, Spain, st, storage, streetworks, sustainability, Switzerland, tariffs, Thames, thames water, Thames Water, trading, unbundling, Unison, United Utilities, utility engineering, Vattenfall, vehicles, Veolia, w, waste management, wastewater, wastewater treatment, water, Water, water @homefeatured, water abstraction, water and energy policy, water distribution, water efficiency, water neutrality, water resources, water retail, water supply, water treatment, water uk, Water UK, weather, Welsh Power, Welsh Water, Wessex Water, Wics, wind, WWU, Yorkshire Water, zero-carbon development
< Small-scale sewerage 'could be competitive' | Npower to trial prepay smart meters >
Changes to governance codes should foster self-regulation, says Ofgem
Access all areas: major shake-up to governance regime proposed
The energy industry is braced for a welter of code modifications over the spring and summer after Ofgem decided to press ahead with major reforms to existing governance arrangements.
At issue are significant changes to the codes - the contractual arrangements that underpin the energy wholesale and retail markets and which define the terms of access to the electricity and gas networks.
The shake-up of the current arrangements will mean that the regulator will for the first time be able to instigate "significant code reviews". Until now, code changes had to be proposed by the industry.
Ofgem has argued that the existing arrangements, while they work well for incremental code modifications, are ineffective in supporting large-scale and more complex change, and had resulted in significant "consumer detriment". The regulator claimed that this was of the order of £100 million.
Although Ofgem will be able to initiate code changes, it plans to "step away" from code modifications "that have minimal customer impact".
The shake-up will create a greater role for self-regulation in the industry.
Under the new arrangements, charging methodologies will become the subject of review under the governance regime and affected parties will for the first time have the right to raise proposals to modify those methodologies.
Ofgem has started consulting on the code of practice that will underpin many of the changes and expects to issue a series of statutory consultations on licence changes by late May.
Comment on this story
Sign up to our free email newsletters