RIIO-T2

​National Grid’s statutory operating profit was up 82% for the 2021/22 financial year to £4.4 billion, boosted by the acquisition of Western Power Distribution (WPD).

​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).

​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.

​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”.

SSE’s Q3 trading update hints at a shifting of the gears at the company, as it unveils maiden subsidy-free onshore wind development.

​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.