Energy weekly highlights—11 July 2019

Energy weekly highlights—11 July 2019

This week’s edition of Energy highlights includes analysis of the Office of Gas and Electricity Markets’ (Ofgem) recent regulatory changes to the market entry requirements for new suppliers arising from its wider Supplier Licensing Review, the launch of the European Commission’s consultation on the list of candidate Projects of Common Interest in oil infrastructure and the Department for Business, Energy & Industrial Strategy’s (BEIS) publication of its national policy statement (NPS) for geological disposal infrastructure. Also this week, Ofgem launches a consultation on proposed changes to the National Grid Electricity System Operator (ESO) Ltd electricity transmission licence to ensure it is fit for purpose in the event of a no-deal Brexit. 

Electricity and gas market regulation and licensing

Ofgem supplier licensing review—changes to the market entry requirements for new suppliers
Although few experts disagree with the proposition that the UK energy market has been problematically dominated by a half dozen companies known as the ‘Big Six’, the transition towards a more competitive and open structure has not been without its hurdles. Simone Goligorsky, senior associate and Prajakt Samant, partner, both at Reed Smith, give the overview and their thoughts on Ofgem’s supplier licensing review, and how it intends to shore-up the market against under-resourced new entrants. See News Analysis: Ofgem supplier licensing review—changes to the market entry requirements for new suppliers.
Green Star Energy agrees to compensate over 1,800 tenants following failings
Green Star Energy has agreed to pay £350,000 for failing to update their records and issue welcome packs to over 1,800 new tenants, resulting in the customers being unable to access their accounts and move to cheaper tariffs. Green Star Energy failed to address the issue and did not self-report to Ofgem after they had been made aware of their failings. After Ofgem addressed the issues, Green Star Energy has reviewed their systems and addressed their deficiencies. See: LNB News 04/07/2019 37.

Renewable energy

Big Six companies pledge to replace fossil-fuelled vehicle fleet by 2030
Two of the UK’s ‘Big Six’ energy suppliers, Centrica and SSE have committed to replace the entirety of their fossil fuel fleet with electric vehicles by 2030. Facilities services company Mitie has also joined the global EV100 initiative, a bid by non-profit The Climate Group to make electric transport ‘the new normal’. Head of environment at Norton Rose Fulbright, Caroline May, says

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