Tag: energy
SSE code modifications appeal
First published by Author on November 03, 2021 in the following categories: Industry Pricing and tagged with cma | energy | pricing
Earlier this year, the Competition and Markets Authority (CMA) granted an appeal involving SSE (Scottish & Southern Energy) to review energy code modifications decided by Ofgem, the UK government’s energy regulator. The SSE code modifications appeal reportedly takes issue with Ofgem’s move to ensure rules about charges to use the electricity transmission network are properly applied.
Ofgem asserts that the rule is currently being misinterpreted, meaning that customers are currently paying over the odds as energy generators are taking their money to cover transmission charges. Hearings have been set to take place this year.
The SSE code modifications appeal is based on the energy company’s belief that Ofgem is incorrectly applying the rules surrounding transmission charges. According to SSE, the cut to company returns made by the increased costs could mean that energy generators may find it harder to meet the UK’s ambition of achieving net-zero emissions by 2050.