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RIIO-2 price control: Energy Networks Association responds

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

Ofgem finalises RIIO-2 price control to direct £40m of funding into electricity network

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

Competition watchdog to examine Ofwat’s price review after appeals

Last December, the regulator said water companies across England and Wales must cut their bills by 12% before 2025

NAO: Consumers paying ‘higher than necessary’ for electricity due to Ofgem’s regulations

The National Audit Office found households across Britain have paid at least £800m more because of weaker price controls set by the regulator

Ofgem confirms plans to slash returns for energy network companies

National Grid is ‘disappointed’ with the proposals and the Energy Networks Association says they will have ‘damaging impacts’

Ofgem reduces base network company revenues by £827m

The energy regulator has made a series of adjustments to the revenue it allows networks to collect

Independent panel to scrutinise energy network firms’ business plans

It is for the next price controls set by Ofgem on how much the firms can charge for running the gas and electricity transmission and distribution networks

picture of pylon pointing up to blue sky
Ofgem confirms five-year price control for network companies

It is expected to deliver savings worth more than £5bn for consumers

Tighter rules for network firms to save £5bn on energy bills

The price controls will come into force in 2021 and are also expected to significantly reduce the profits made by network companies

Ofgem signals tougher price controls for energy networks

Ofgem has warned energy network operators to brace themselves for a tougher round of price controls from 2021. The regulator believes there is “strong evidence” that investors are “increasingly willing” to accept lower returns from longer term investments in regulated infrastructure. Price controls are needed as these networks are monopolies and therefore there is no […]