Ofgem’s new framework could save consumers £1bn

Ofgem’s strategy for Britain’s new gas and electricity market framework could save consumers £1billion over the next eight years. The market regulator announced the RIIO framework (Revenue=Incentives+Innovation+Outputs) today. Under the new framework, businesses will be faced with strong incentives and penalties to encourage them towards smarter, more sustainable networks and improved customer service. £400 million […]