Ofgem
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128
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63
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52
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Search complete. 128 mentions across 63 episodes found for "Ofgem".
Nov 2, 2026
Owen EspleyGUEST
The last few years, we've seen absolute acceleration of data centre proposals being proposed, you know.
Owen EspleyGUEST
The Ofgem, the energy regulator, has identified 73 gigawatts of electricity demand for data centers, which is almost, you know, the peak electricity demand in the UK is 45 gigawatts.
Owen EspleyGUEST
So data centers that would require an entire extra one and a half times the current UK's electricity demand.
Owen EspleyGUEST
So what we're seeing is a scale of build out that is really quite phenomenal.
Joe RobinsonHOST
And this isn't just a future headache.
Joe RobinsonHOST
Ofgem has acknowledged that high voltages are increasingly causing devices to disconnect, and DNOs complain that they're operating with voltage at the top end of its legal limits, where there's little headroom to cope with the rise.
Joe RobinsonHOST
Last year, grid chiefs proposed dropping the lower legal limit of mains voltage to just 207 volts, bringing the UK in line with European standards.
Joe RobinsonHOST
They say this would enable them to reduce average grid voltages by around 2% or 5 volts, freeing up capacity for more renewable generation.
Damien FahyHOST
Now, what's going to happen is at some point in next year, so in 2027, the gas standing charge, which will cost you about half, £108 a year is going to be removed.
Damien FahyHOST
So that is going to be something that Ofgem are going to look into.
Damien FahyHOST
How that will work is more than likely, and this is speculation, that when you have the energy price cap that's announced every quarter, that energy price cap is includes a standing charge element.
Damien FahyHOST
So what it will likely mean is that they could implement this new policy by saying that the standing charge has to be zero on gas.
Steve DHOST
They reckon this will cost about 755 million for the rest of this year and about 305 million into next.
Steve DHOST
The Treasury expects it to take roughly 50 quid off the Ofgem price cap in April 2027.
Steve DHOST
Fuel duty, the five peak cut and freeze are extended, no surprise there, to the 1st of July 2027, deferring the RPI linked increase that they're supposed to do but never do.
Steve DHOST
It costs about £575 million this year, £780 million next year, alongside continued HGV and red diesel reliefs.
ElenaHOST
Those are almost exactly the edition's words.
ElenaHOST
Alongside the covenant, the government will publish a draft data center national policy statement for consultation, support Ofgem's data center commitment fee, and continue delivering five AI growth zones across England, Scotland, and Wales.
MarcusHOST
Let me offer the skeptical view of the whole thing, and you tell me where I am wrong.
MarcusHOST
Governments love frameworks.
Jon AdairHOST
And of course, the other big part of this budget was energy.
Jon AdairHOST
Bills are forecast to rise again in January when Ofgem resets the price cap.
Jon AdairHOST
Forecasts run from 16% to about 27% and Ofgem confirms the figure on 25th of November.
Jon AdairHOST
The Chancellor's response has got four parts to it.
Jon AdairHOST
A £100 payment this winter for 20 million households in England in council tax bands A to D.
DannyHOST
So do council contracts.
DannyHOST
There's already a feasibility project funded through Ofgem's Innovation Fund.
DannyHOST
My best guess, pilots in 2027 or 2028.
DannyHOST
That's my estimate, not the government's.
Paul KelsoCORRESPONDENT
And that is because natural gas prices have been rising steadily for the last three months.
Paul KelsoCORRESPONDENT
If you are one of the notional average users that Ofgem uses, that annual figure for energy bills, it's going to be 400 quid a year.
Paul KelsoCORRESPONDENT
That's 100 quid a quarter because the price cap only applies for a quarter.
Paul KelsoCORRESPONDENT
So it's 100 quid increase if you're an average user.
speaker_3SOUNDBITE_SPEAKER
I think Andy Burnham set out to do a sort of do no harm budget, to not spook anyone, to not spook the markets, not spook his own MPs and to not spook the public.
speaker_3SOUNDBITE_SPEAKER
I think actually the moment of political danger that might be coming around the corner for Andy Burnham is with the Ofgem energy price cap rise.
speaker_3SOUNDBITE_SPEAKER
That is where the cost of living pressures that the public are feeling quite acutely could mean that he comes under more political pressure.
speaker_4SOUNDBITE_SPEAKER
for a government which has talked so strongly about the radical changes needed, the fact that this country is not where it needs to be, Badenoch came out and said, well, why haven't you done more? But I think that that is a valid argument in many ways.
Rachel Rickard StrausGUEST
So, we saw an increase in October already of around 4% on energy bills.
Rachel Rickard StrausGUEST
We're expecting substantially more in January, which is when the price cap is reconsidered again by the regulator Ofgem.
Rachel Rickard StrausGUEST
It could be around £300 More in January for the year from January.
Rachel Rickard StrausGUEST
So that's huge.
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