Home / Energy

Legal News

Ofgem launches consultation on funding transition to a Future System Operator

Copyright © 2025 LexisNexis

Published on: 22 June 2023

Published by LNB News

LNB News 22/06/2023

Document Information

Issue Date: 22 June 2023

Published Date: 22 June 2023

Jurisdiction(s): England, Scotland and Wales

Article summary

Ofgem has launched a consultation on proposals to fund the Electricity System Operator, National Grid plc and National Gas Transmission to carry out work that is needed to enable the delivery of a Future System Operator (FSO). The consultation sets out company plans and activities for FSO implementation, provides an overview of company cost estimates and funding proposals for day one costs, among other areas. Ofgem welcomes responses from all interested stakeholders. The deadline for response is 2 August 2023.

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of