Responding to today's publication, Lawrence Slade, Chief Executive of Energy Networks Association (ENA) which represents the UK's electricity network operators said:
“We welcome the Commission’s recognition that the RIIO-ED3 framework requires a step change in network investment and a focused long-term vision to realise the government's decarbonisation and energy security ambitions.
“More widely, we support the report’s findings around the need for wider changes beyond price controls, including reforms to speed-up the planning and consenting process for network infrastructure, the need for a holistic approach to industry skills development and proactive strategies for addressing supply chain issues.
"The electricity networks have been working closely with Ofgem and Government to reform the connections queue, supporting the ambition to achieve clean power by 2030."
Notes to editor
- Electricity networks are bringing in private investment of more than £100bn between 2021 and 2031, investing in our grid to promote growth in our economy and support the government’s decarbonisation and energy security ambitions.
£100bn breakdown:
- RIIO-ET2 (2021-2026) forecast expenditure and investment of £11bn.
- RIIO-ED2 (2023-2028) forecast expenditure and investment of £22bn.
- RIIO-ET3 (2026-2031) operators have submitted plans totalling £68bn, which is subject to regulatory approval. This is set out in the transmission network operators' business plans (National Grid - £35.1bn, SP Energy Networks - £10.6bn, and Scottish & Southern Electricity Networks (Transmission) - £22.3bn+).
- Proposals for the equivalent price control period for RIIO-ED3 have not yet been submitted, but will take the total investment over £100bn.
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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