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.
National Grid has hit out at Ofgem’s proposals on grid works required for Hinkley Point C, warning they could harm investment in UK energy infrastructure.
The Department for Business, Energy and Industrial Strategy has launched a new call for evidence (CfE) over the cost of energy on the back of recommendations put forward in the Helm review.
Ofgem has this morning announced that a joint venture comprising Mitsubishi and HICL Infrastructure has been selected to own and operate the Burbo Bank Extension transmission link.
Ofgem has said it is minded to drastically cut embedded benefit payments to local embedded generators as part of what it says is a bid to protect consumers and prevent market distortion.