An appeal to the CMA is the final step in the regulatory process which allows an independent, fair and transparent assessment of the position set out by the regulator and the network companies.
Ross Easton, Director of External Affairs at Energy Networks Association which represents Great Britain's energy network operators, said:
“The UK’s energy network operators remain focused on providing a low cost, Net Zero energy system to the public. To deliver this, it is essential that the regulatory environment is attractive to the significant investment the country needs over the coming years.”
Notes to editor
Ofgem's Final Determination for Transmission and Gas Distribution network companies and the Electricity System Operator was published on 8 December 2020.
The price control known as RIIO-2 ensures network operators have enough revenue to run an efficient network that delivers what customers need, while investing to deliver the infrastructure needed for a Net Zero future. It stands for Revenues = Incentives + Innovation + Outputs.
For the transmission and gas distribution networks and system operator, RIIO-2 will come into effect next month and runs for five years until 2026.
Find out more about how the networks are helping to deliver Net Zero.
About us
Energy Networks Association (ENA) is the industry body representing the energy networks. Our members include every major electricity network operator in the UK. The electricity networks are at the heart of the energy transition. They directly employ more than 26,000 people in the UK, including 1,500 apprentices. They are spending and investing £33bn in our electricity grids over the coming years, to ensure safe, reliable and secure energy supplies for the millions of homes and businesses reliant on power every day.
Press contacts
You can contact ENA's press office by emailing press@energynetworks.org. For urgent or out-of-hours enquiries from journalists, please call 0204 599 7691.