Energy regulator Ofgem has pushed ahead with plans to slash the cost of equity for networks under RIIO-2, confirming a methodology which, if applied today, would cut the baseline return on equity to 4.3%.
National Grid’s Electricity System Operator (ESO) unit has placed system stability at the top of its innovation priority list, while issuing a “call to arms” for the energy industry to collaborate further.
Industry regular Ofgem has proposed a number of reforms to the innovation stimulus to be included in RIIO-2, including the introduction of a new innovation pot and the removal of the Innovation Rollout Mechanism (IRM)
Independent energy supplier Bulb has topped a chart of the UK’s fastest growing companies, beating the likes of Deliveroo, finance disruptor Monzo and brewery Brewdog.
