As part of the ongoing process towards agreeing a settlement for RIIO-T2, Ofgem has today published its draft determination, which covers our UK Electricity and Gas Transmission businesses, and the Electricity System Operator. This follows the submission of our final business plans in December, which were formulated after taking into account the views of our stakeholders following our largest ever stakeholder engagement exercise.
We are extremely disappointed with this draft determination which risks undermining the process established by Ofgem. This proposal leaves us concerned as to our ability to deliver resilient and reliable networks, and jeopardises the delivery of the energy transition and the green recovery.
Ahead of the final determinations which are expected in December, we will be pressing Ofgem to come forward with a regulatory framework that both incentivizes investment and protects consumers.
https://www.investegate.co.uk/national- ... 05065184S/