The Competition and Markets Authority (CMA) has confirmed its decision that the Gas and Electricity Markets Authority (GEMA) was wrong on a number of modifications made following Ofgem’s RIIO-2 price control decisions of 8 December 2020.
The Competition and Markets Authority (CMA) has found that the Gas and Electricity Markets Authority (GEMA) was wrong, or partially wrong, on a number of factors relating to the RIIO-2 price control period in its provisional decisions.
National Grid is celebrating a reduction in the impact of COVID-19 on its underlying operating profits in a year with strong operational performance and the "transformational" acquisition of Western Power Distribution (WPD).
Electricity North West (ENW) is planning to invest £1.97 billion during RIIO-ED2, a 44% increase on the current price control period.
Permission to appeal modifications to the electricity and gas transmission and gas distribution licences has been granted to nine energy companies by the Competition and Markets Authority (CMA).
Ofgem has confirmed its methodology for setting the RIIO-ED2 price controls, focusing on data sharing, flexibility and forward planning.
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.