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.”
We are the voice of the networks
We represent the energy networks in the UK & Ireland.
Our members operate the wires and pipes which keep your energy flowing.
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 (36,000 in Great Britain) and have invested more than £100 billion since privatisation.
We represent: Cadent, Electricity North West, ESB Networks, GTC, National Grid, National Grid ESO, Northern Gas Networks, Northern Ireland Electricity Networks, Northern Powergrid, Scottish & Southern Electricity Networks, SGN, SP Energy Networks, UK Power Networks, Wales & West Utilities and Western Power Distribution. See our full list of members.