Ofgem has confirmed it intends to set baseline returns at 4% under the next set of network price controls, a significant, 50% reduction on the current framework.
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 established an independent panel of experts to challenge network companies’ business plans for RIIO-2.
The UK’s transmission system operator National Grid has said it is “well positioned” for the energy transition as it embraces a £127 million restructuring programme.
SP Energy Networks (SPEN) has launched a public consultation on its RIIO-2 business plan, seeking public opinion on the critical areas of its five-year investment strategy.
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”.