Some of Britain’s energy companies have appealed Ofgem’s RIIO-2 Final Determination with the Competition and Markets Authority (CMA).
An appeal to the CMA is the final step in the regulatory process which allows an independent, fair and transparent assessment of the position set out by the regulator and the network companies.
Ross Easton, Director of External Affairs at Energy Networks Association which represents Great Britain's energy network operators, said:
“The UK’s energy network operators remain focused on providing a low cost, Net Zero energy system to the public. To deliver this, it is essential that the regulatory environment is attractive to the significant investment the country needs over the coming years.”
Notes to editor
Ofgem's Final Determination for Transmission and Gas Distribution network companies and the Electricity System Operator was published on 8 December 2020.
The price control known as RIIO-2 ensures network operators have enough revenue to run an efficient network that delivers what customers need, while investing to deliver the infrastructure needed for a Net Zero future. It stands for Revenues = Incentives + Innovation + Outputs.
For the transmission and gas distribution networks and system operator, RIIO-2 will come into effect next month and runs for five years until 2026.
Find out more about how the networks are helping to deliver Net Zero.
About Energy Networks Association
Energy Networks Association (ENA) is the industry body representing the electricity wires, gas pipes and energy system in the UK and Ireland.
ENA helps its members meet the challenge of delivering electricity and gas to communities across the UK and Ireland safely, sustainably and reliably.
Its members include every major electricity and gas network operator in the UK and Ireland, independent operators, National Grid ESO which operates the electricity system in Great Britain and National Grid Gas which operates the gas system in Great Britain. Its affiliate membership also includes companies with an interest in energy, including Heathrow Airport and Network Rail.
What are energy network operators?
Energy network operators manage and maintain the wires, pipes and other infrastructure which delivers electricity and gas to your home, business and community. They are private companies which are regulated by Ofgem and employ around 40,000 people in Great Britain.