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Market Watch · Issue 5 · Tuesday 28 July 2026 Watts HappeningThe UK energy newsletter that doesn't work for the industry |
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The Spark VAT on domestic electricity is about to hit zero. From 1 October it drops from 5% to nothing and holds there until spring. It is Andy Burnham's first big move as Prime Minister, funded by scrapping the planned £1.8bn digital ID scheme. The saving is about £45 on a typical yearly bill. Then the small print. Cornwall Insight already expects that £45 to be wiped out by the October price cap, which is forecast to climb again at the same moment the cut arrives. Breathing space, not a rescue. |
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This Week in Watts The grid operator is being investigated for allegedly hiding how close June came.In Issue 4, at the start of the month, we noted in passing that NESO, the body that runs Great Britain's electricity system, had issued an Electricity Margin Notice during the June heat. A margin notice is a request for more generation. It is routine. We moved on. The story did not. On 7 July the Shadow Energy Secretary, Claire Coutinho, wrote to the government with allegations from a whistleblower inside the operator. On 15 July she put them to the Commons. There are three. That on 23 June the operator failed to meet the grid security standards designed to prevent blackouts. That its corporate affairs team interfered with operational decisions, putting the operator's reputation above security of supply. And that decisions were being logged in live documents with no audit trail. These are allegations, raised by a politician citing staff, not findings. Hold them at that weight. But they are being taken seriously by the people who would know if they were baseless. On 13 July NESO commissioned the law firm Eversheds Sutherland to investigate. Ofgem has used its licence powers to commission its own review of the June event and is overseeing the independent one. Staff can give evidence anonymously through a panel, which matters, because a whistleblower who has to identify themselves usually goes quiet. NESO's position is that the system operated securely throughout, with no disruption to customer supply. That may well hold up. Worth setting beside it: Hansard records an MP whose constituents reported intermittent blackouts that same week. Both statements are on the record now. The investigation exists to work out which one the evidence supports. Here is why it lands on you. Every heat pump and every EV charger added to a home leans harder on this system. Part of the value of a battery behind your own meter is that it does not care whether the control room had a bad week in June. The rest of us are trusting a number we are handed. This summer, someone inside the room said the number was wrong.
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The Bill Buster
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Watts on the Market
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Quick Watts
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