With the current price control period ending in 2021 Ofgem is consulting on the new controls which will be set by RIIO-2, standing for Revenues = Incentives + Innovation + Outputs. ADBA has now submitted the industry response, which you can…
Ofgem has set out proposals for a new regulatory framework from 2021. The changes are intended to result in savings for customers and lower returns for energy network companies. Savings of over £5 billion for household consumers are expected, or…
Ofgem has published an open letter on RIIO-2 Framework. 'RIIO' stands for the formula through which revenue is calculated, Revenue=Incentives+Innovation+Outputs. RIIO-2 will determine the next price controls for the network companies running the gas and electricity transmission and distribution networks.…
