Heat network regulation comes into force
Original Article Summary
Heat network regulation came into force this week, meaning operators and suppliers need higher standards on customer service, billing transparency and pricing fairness. Regulation of the sector is being dealt by Ofgem, which also oversees the gas and electricity markets, while operators have one year to register. Heat networks supply heating, cooling or hot water […] The post Heat network regulation comes into force appeared first on PropertyWire.
PropMatch Curated Analysis
New Ofgem regulation of heat networks comes into force, requiring operators to register within one year and comply with customer service, billing, and pricing standards, with penalties up to 10% of turnover for non-compliance.
Investor Relevance
Directly affects investors in mixed-use developments, apartment blocks, and commercial properties using heat networks. Creates new compliance costs and operational requirements, but also regulatory certainty that could protect project values and boost investor confidence in the sector.
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