Energy news in general

[Deleted User]

Deleted_User said:

Further to a discussion about tidal power earlier in the thread.

https://renews.biz/73877/uk-to-invest-20m-per-year-in-tidal-energy/ 

Looking at the state of the sea today, there must surely be a tidal option. 

BikingBud

Deleted_User said:

Deleted_User said:

Further to a discussion about tidal power earlier in the thread.

https://renews.biz/73877/uk-to-invest-20m-per-year-in-tidal-energy/ 

Looking at the state of the sea today, there must surely be a tidal option. 

The most disappointing thing about the linked page is that the related stories are no newer than 2017 

Given the tidal flows in places like the Bristol Channel and the Menai Straits this really now should be mainstream.

[Deleted User]

National Grid fined by Ofgem. 

https://www.bbc.co.uk/news/uk-scotland-scotland-business-59461716 

Shedman

That fine might just about pay for Avro's SOLR process.....

QrizB

Missed in all the excitement yesterday:

https://www.ofgem.gov.uk/publications/decision-letter-supplier-last-resort-levy-claims

Having considered all the responses and in light of the broad level of support we received, and our continued view that we need to make the temporary changes we set out in our letter to maintain the SoLR process and protect consumers through the current extreme market conditions, we intend to proceed with our proposal.
Therefore, unless they waived their right to claim on the SoLR levy, we invite SoLRs that have been appointed since 1 September 2021 to submit claims for costs they have incurred in supplying SOLR customers under their Direction(s) by 0900 on 6 December for Ofgem to review. We aim to decide upon these claims by Friday 17 December. This will enable networks to reflect levy claims in their charges from April and repay SoLRs from May. SoLRs who are unable to make this deadline can still submit claims, however we cannot guarantee that they will be approved by the required deadline for recovery next year.

So we should get our first look at the SoLR costs before Christmas, assuming Ofgem publishes their decisions on their website (like they have previously).

Sea_Shell

QrizB said:

Missed in all the excitement yesterday:

https://www.ofgem.gov.uk/publications/decision-letter-supplier-last-resort-levy-claims

Having considered all the responses and in light of the broad level of support we received, and our continued view that we need to make the temporary changes we set out in our letter to maintain the SoLR process and protect consumers through the current extreme market conditions, we intend to proceed with our proposal.
Therefore, unless they waived their right to claim on the SoLR levy, we invite SoLRs that have been appointed since 1 September 2021 to submit claims for costs they have incurred in supplying SOLR customers under their Direction(s) by 0900 on 6 December for Ofgem to review. We aim to decide upon these claims by Friday 17 December. This will enable networks to reflect levy claims in their charges from April and repay SoLRs from May. SoLRs who are unable to make this deadline can still submit claims, however we cannot guarantee that they will be approved by the required deadline for recovery next year.

So we should get our first look at the SoLR costs before Christmas, assuming Ofgem publishes their decisions on their website (like they have previously).

Is their any cap (within the cap) on the additional costs that could be levied on all our bills to pay for this?

Or has a precedent never been set?

[Deleted User]

I’ve been meaning to post something about this myself, but life gets in the way. 

The headline catcher for me is that it seems that we, as customers, will now cop for our share of all the additional default levy costs early, in April 2022. Previously it was thought that it would probably be later than that. Good news for the big suppliers, but bad news for customers. I think we can see where Ofgem’s priorities lie.

I also noted that Ofgem was considering raising the application bar for supplier licences, and making them incorporate hedging in their business models and procedures. Stable, door, bolted, there I think. You have to laugh, or else you’d cry. 

bristolleedsfan

Deleted_User said:

The headline catcher for me is that it seems that we, as customers, will now cop for our share of all the additional default levy costs early, in April 2022. Previously it was thought that it would probably be later than that. Good news for the big suppliers, but bad news for customers. I think we can see where Ofgem’s priorities lie.

That is good news for customers as far as Winter 2022 energy cap is concerned.

Sea_Shell

bristolleedsfan said:

Deleted_User said:

The headline catcher for me is that it seems that we, as customers, will now cop for our share of all the additional default levy costs early, in April 2022. Previously it was thought that it would probably be later than that. Good news for the big suppliers, but bad news for customers. I think we can see where Ofgem’s priorities lie.

That is good news for customers as far as Winter 2022 energy cap is concerned.

Will they try and reclaim it all in one go though, rather than spread it out over 2 or more cap cycles?

QrizB

Sea_Shell said:

QrizB said:

Missed in all the excitement yesterday:

https://www.ofgem.gov.uk/publications/decision-letter-supplier-last-resort-levy-claims

Having considered all the responses and in light of the broad level of support we received, and our continued view that we need to make the temporary changes we set out in our letter to maintain the SoLR process and protect consumers through the current extreme market conditions, we intend to proceed with our proposal.
Therefore, unless they waived their right to claim on the SoLR levy, we invite SoLRs that have been appointed since 1 September 2021 to submit claims for costs they have incurred in supplying SOLR customers under their Direction(s) by 0900 on 6 December for Ofgem to review. We aim to decide upon these claims by Friday 17 December. This will enable networks to reflect levy claims in their charges from April and repay SoLRs from May. SoLRs who are unable to make this deadline can still submit claims, however we cannot guarantee that they will be approved by the required deadline for recovery next year.

So we should get our first look at the SoLR costs before Christmas, assuming Ofgem publishes their decisions on their website (like they have previously).

Is their any cap (within the cap) on the additional costs that could be levied on all our bills to pay for this?
Or has a precedent never been set?

There isn't a cap but the SoLRs can only claim reasonable costs for the things that they said they'd claim for when they were offered to be SoLRs. The first couple of paragraphs on page 6 of the document discuss this, and the explanation on page 9-10.

There's also an interesting discussion of wholesale costs on page 7.

And the timeline on page 9 shows that only the initial claims will be added to the levy in April 2022; the second claims will be levied from April 2023. So we're all going to be paying for these failures until March 2024.