Ofgem is consulting on the methodology they have proposed to use for the next five-year price controls for electricity distribution networks.
David Smith, Chief Executive of Energy Networks Association, which represents the UK and Ireland’s energy networks businesses, said:
“It is vital that the next regulatory period for the electricity distribution network companies creates the conditions to attract investment, deliver a green economic recovery, and ensure the public can benefit from a smarter, cleaner energy system.
“The public must be able to benefit from greater efficiencies as well as new services and products including increased numbers of electric vehicles and greater electrification of heating. Although the proposals outlined today will take time to review in detail, we will continue to work with Ofgem to make sure that this vital investment can be delivered, securing economic and societal benefits now as we look to recover from the effects of the pandemic.”
About Energy Networks Association
Energy Networks Association (ENA) is the industry body representing the electricity wires, gas pipes and energy system in the UK and Ireland.
ENA helps its members meet the challenge of delivering electricity and gas to communities across the UK and Ireland safely, sustainably and reliably.
Its members include every major electricity and gas network operator in the UK and Ireland, independent operators, National Grid ESO which operates the electricity system in Great Britain and National Gas which operates the gas system in Great Britain. Its affiliate membership also includes companies with an interest in energy, including Heathrow Airport and Network Rail.
What are energy network operators?
Energy network operators manage and maintain the wires, pipes and other infrastructure which delivers electricity and gas to your home, business and community. They are private companies which are regulated by Ofgem and employ around 40,000 people in Great Britain.