The Competition & Markets Authority has today published a summary of its provisional determination in the appeals brought by energy network companies against modifications to their licenses by Ofgem.
Responding to the CMA's summary, David Smith, Chief Executive at Energy Networks Association which represents the UK and Ireland’s energy networks businesses said:
“These are provisional findings which we will now review in detail. It is vital that the final settlement gives network companies a robust framework to invest in a sustainable, Net Zero energy system in the most efficient way possible for customers.”
Notes to editors
Read the CMA's provisional findings.
About Energy Networks Association
We’re the industry body for the energy networks. Our members own and operate the wires and pipes which carry electricity and gas into your community, supporting our economy. The wires and pipes are the arteries of our economy, delivering energy to over 30 million homes and businesses across the UK and Ireland. To do this safely and reliably, the businesses which run the networks employ 45,000 people and have spent and invested over £60 billion in the last eight years.