Responding to today's publication of the RII0-3 draft determinations, Lawrence Slade, CEO, ENA, which represents the UK's electricity network operators said:
“The next five years are vital for defining the future shape of the UK's energy system and securing the funding to deliver it. Ofgem's recognition of the need for unprecedented levels of investment in the electricity transmission network is significant. The evolving RIIO-3 framework must ensure that the networks can attract the investment the grid requires to meet the UK's future demands for affordable, clean power at the best value for consumers."
"We will be reviewing the full details of the decision over the coming weeks and will work with our members, stakeholders and Ofgem to ensure the UK’s network operators can deliver the energy system that meets the long term needs of the country."
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.
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