UK Power Networks has unveiled its updated innovation strategy, targeting three innovation pillars.
Ofgem’s RIIO-2 Challenge Group has released its report, critiquing the energy network company Business Plans for RIIO-2.
Ofgem has opened a consultation on 12 requests for funding adjustments totalling £322 million under the RIIO-ED1 price control.
We continue our run-down of the most significant stories of the year, today taking a look back at March and April, which saw Ofgem unveil its overhaul of network incentives and major moves from some of UK energy’s biggest players.
Ofgem has published much of the evidence submitted to its RIIO-2 consultation, with network operators largely rallying against a proposed cost of equity range that was beset by “fundamental flaws”.
Energy regulator Ofgem has deferred its decision on the cost of equity range for energy networks in the forthcoming RIIO-2 framework until December, but has unveiled a raft of decisions as its new framework begins to take shape.
Ofgem has confirmed that it will not open a mid-period review (MPR) of the current set of electricity distribution price controls, closing the door on potential changes to the RIIO ED-1 framework.
The Citizens Advice Bureau has once again stoked a war of words surrounding network costs by publishing a new report claiming to uncover regional disparities in how costs are passed onto consumers.
Ofgem stressed that it will need the help of industry if it is to strike the right balance between enabling the energy transition and keeping costs to within acceptable limits, as it designs the second set of network cost controls.