regulation

​Bringing in a 2030 ban on the sale of new petrol and diesel vehicles could create 32,000 new jobs and increase GDP by 0.2%, equivalent to £4.2 billion.

​Energy regulator Ofgem is investigating ScottishPower in a bid to determine if the supplier breached rules around its smart meter obligations.

​Ofgem is to introduce new licence rules for suppliers designed to support vulnerable customers.

​Reductions in network operators’ budgets could result in electricity grids becoming the “weak link” in the power sector transformation.

​ScottishPower has taken on the customers of Tonik Energy following the latter going bust last week.

Scottish and Southern Electricity Networks (SSEN) has proposed changes to the Smart Energy Code that would allow network companies to switch off technologies like domestic electric vehicle (EV) chargers in the event of an emergency.

​Ofgem’s RIIO-2 Draft Determinations risk system reliability and will result in missing 2030 targets according to SSEN Transmission, with SPEN also wading in to brand the proposals “unacceptable”.

​OVO Energy is to pay £1.2 million to Ofgem after SSE Energy Services failed to meet its 2019 smart meter targets.

​The latest iteration of energy regulator Ofgem’s sandbox has now been opened to applications.

The Contracts for Difference (CfD) auctions could bring in 12,000 new jobs and over £20 billion of investment, according to RenewableUK.