SSEN Transmission has revealed its plans to appeal various aspects of Ofgem’s RIIO-T2 price control settlement to the Competition and Markets Authority (CMA).
Ofgem has upped the funding available to network companies under the next RIIO-T2 price control period from 2021-2026.
A variety of energy companies and organisations have written to Ofgem to urge the regulator to make net zero central to the next price controls.
Further savings of £1.7 billion could be created if Ofgem went further in RIIO-2 according to Citizens Advice.
Ofgem’s RIIO-2 Draft Determinations risk system reliability and will result in missing 2030 targets according to SSEN Transmission, with SPEN also wading in to brand the proposals “unacceptable”.
Ofgem has unveiled a £25 billion investment programme, to upgrade Great Britain’s energy networks over the next five years.
Following the release on Friday 24 January of Ofgem’s RIIO-2 Challenge Group report, companies have reacted to the claim they are not being proactive enough.