price control

The appeals largely focus on the allowed return on investment and the way Ofgem calculated the costs the companies would spend on maintaining and investing in their networks over the next five years

David Smith, CEO of the ENA said: ‘Achieving net zero emissions requires sustained investment, innovation and a supportive and forward-looking regulatory regime’

Approximately £30bn will help establish a ‘stronger, greener and fairer GB energy system’, while more than £10m will be held on standby to pay for future green energy projects

That’s the claim from Citizens Advice, which in 2017, found energy networks would make up to £7.5 billion in unjustified profits over the course of the current price control

The regulator emphasises the need for the price control to support decarbonisation

It is part of regulator Ofwat’s proposals to rebuild public trust

It follows Western Power Distribution’s decision to voluntarily return £77 million after the government cancelled its rail electrification schemes

Ofwat is proposing payments for water companies that have outperformed and penalties for those that have underperformed. It has launched a consultation, which will run until 20th November, on the proposals to adjust the price control to be applied from April next year. All water companies have committed to improve their performance for 2015/20 based […]

Ofgem has confirmed the allowances of some of Britain’s electricity distribution network operators (DNOs) will be reduced by around £200 million. It follows a review of performance in the previous price control – 2010-2015 – which assessed how much DNOs had spent and what they had delivered. The regulator said some DNOs did not need […]

Ofgem is proposing reducing National Grid’s allowance for its gas transmission price control by £277.5 million. It covers the 2013-2021 period and relates to the national high-pressure gas pipeline at the Fleetwood entry point in Lancashire. National Grid Gas Transmission (NGGT) was required to offer 650GWh/day of entry capacity at Fleetwood, initially triggered by a […]