Regulation Update June 2017

The modification will have impacts on DUOS charges and the differentials between half hourly and non half hourly customers, which in some cases will be very significant.

In June 2014, Ofgem issued an initial consultation on moving to next day switching in the gas and electricity supply markets.

The energy market was referred to the CMA by Ofgem in June 2014 for an investigation after the regulator concluded that there were reasonable grounds for believing that features of the market were proving detrimental to competition.

Project Nexus was implemented across the industry on 1st June 2017. We are now in a period of transition with new processes and IT systems stabilising.

The government introduced a policy to reduce the impact of renewable levies on the cost of electricity of the most electricity intensive industries in the UK. 

Ofgem have published their “minded to” decision and draft Impact Assessment of industry’s proposals (CMP264 and CMP265) to change the electricity transmission charging arrangements for Embedded Generators. 

National Grid Gas Distribution has been renamed as “Cadent” following the sale of a majority stake in the distribution business to an international consortium.

Sian Baldwin has been appointed as Xoserve’s new Chief Executive Officer with effect from 5th June replacing Chris Murray from National Grid.

The Industrial and Commercial Shippers and Suppliers (ICoSS) group is the trade body representing non-domestic industrial and commercial (I&C) suppliers in the GB energy market.