07 Mar 2018

ENA response to RIIO2 price control announcement

Commenting on Ofgem’s publication of the latest consultation on price controls for energy network companies, David Smith, CEO of Energy Networks Association, says:

“Energy networks are the nerve-centre of a smarter, cleaner energy market, responsible for delivering a range of exciting new services for our homes, businesses and communities.  Balanced regulation is fundamental to delivering these and the price control system should evolve to suit the changing needs of consumers. RIIO-2 must deliver that whilst being founded on the principles of transparency and stability to provide predictability for investors, innovators and consumers alike.

“We will be working through the proposals announced today, including Ofgem's opening view on what the cost of equity should be. Customer Engagement Groups will build on our strong track record of customer satisfaction, a greater focus on a whole system approach will help reduce the costs of decarbonisation and maintaining the innovation incentives will be critical to extending Britain’s world leading track record in this area. Network companies look forward to building on the strength of their existing track record under the new price control and working closely with Ofgem in the weeks and months ahead.”

Contact Information

Energy Networks Association

+44 (0)20 7706 5118

+44 (0)7792 220 974

[email protected]

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About Energy Networks Association

We are the voice of electricity and gas network companies in the UK and Ireland. Our members control and maintain critical national infrastructure, the 'wires and pipes' which transmit and distribute electricity and gas.

As the voice of the energy networks businesses, ENA acts as a strategic focus and channel of communication for the industry. We promote the interests and good standing of the industry and provide a forum of discussion among company members.

Follow us on Twitter: @EnergyNetworks
Visit our newsroom: news.energynetworks.org

The Voice of the Networks