David Smith, Chief Executive of Energy Networks Association responds to Ofgem’s settlements for the RIIO-2 price control period.
Ofgem has published their settlements for the next network price control, known as RIIO-2. For the transmission and gas distribution networks and system operator, RIIO-2 will come into effect next year and run for five years until 2026.
Speaking on behalf of electricity transmission and gas network operators, David Smith, Chief Executive of Energy Networks Association said:
“Delivering the Prime Minister’s Ten Point Plan for a Green Industrial Revolution, keeping energy flowing to homes and businesses, and achieving Net Zero emissions requires sustained investment, innovation and a supportive and forward-looking regulatory regime. We will be studying the detail of Ofgem’s determination over the coming weeks to ensure it stands up to these challenges.”
ENA – the voice of the networks
We’re Energy Networks Association, the industry body for the UK and Ireland’s 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 (36,000 in Great Britain) and have spent and invested over £60 billion in the last eight years.