The voice of the networks

How can this website be improved? Give us your feedback

ENA response to RIIO2 price control announcement

07 March 2018

ENA comments on the latest consultation on price controls for energy network companies.

 

Commenting on Ofgem’s publication of the latest consultation on price controls for energy network companies, David Smith, CEO of Energy Networks Association, says:

“Energy networks are the nerve-centre of a smarter, cleaner energy market, responsible for delivering a range of exciting new services for our homes, businesses and communities.  Balanced regulation is fundamental to delivering these and the price control system should evolve to suit the changing needs of consumers. RIIO-2 must deliver that whilst being founded on the principles of transparency and stability to provide predictability for investors, innovators and consumers alike.

“We will be working through the proposals announced today, including Ofgem's opening view on what the cost of equity should be. Customer Engagement Groups will build on our strong track record of customer satisfaction, a greater focus on a whole system approach will help reduce the costs of decarbonisation and maintaining the innovation incentives will be critical to extending Britain’s world leading track record in this area. Network companies look forward to building on the strength of their existing track record under the new price control and working closely with Ofgem in the weeks and months ahead.”

About us

Energy Networks Association (ENA) is the industry body representing the energy networks. Our members include every major electricity network operator in the UK. The electricity networks are at the heart of the energy transition. They directly employ more than 26,000 people in the UK, including 1,500 apprentices. They are spending and investing £33bn in our electricity grids over the coming years, to ensure safe, reliable and secure energy supplies for the millions of homes and businesses reliant on power every day.

Press contacts

You can contact ENA's press office by emailing press@energynetworks.org. For urgent or out-of-hours enquiries from journalists, please call 0204 599 7691.