National Grid secures over £1 million for innovation projects
Five projects led by National Grid and its electricity distribution arm have secured more than £1 million in funding from the latest cycle of Ofgem’s Strategic Innovation Fund (SIF), which awarded £22.9 million to 18 projects across the UK. Projects address challenges from rising electricity demand due to data centres, electrification and offshore wind, focusing on digital […]
Ofgem finds energy suppliers financially stronger but warns risks remain
Ofgem’s 2026 Supplier Financial Resilience Report shows that domestic suppliers held £6.8 billion in regulatory capital in March 2026, more than double the £3.1 billion aggregated capital target. Two suppliers failed in 2025‑26, affecting around 95,000 domestic and 18,000 non‑domestic customers, yet the resulting shortfall in renewables obligation payments was just £23 million, below the level […]
National Grid seeks Ofgem approval for £4.5 billion transmission upgrade package
National Grid Electricity Transmission submitted 25 applications under Ofgem’s ‘re‑openers’ process, seeking around £4.5 billion in additional funding for upgrades across England and Wales. The proposals cover reinforcements and new connections to support low‑carbon generation, data centres and major industrial users, while maintaining resilience as electricity demand grows. The requests build on the RIIO‑T3 price control […]