The money will be given to network companies, which operate the physical infrastructure that makes up the energy system, such as pipe, wires and pylons – this funding is sourced from consumers’ bills.
Tuesday 8 December 2020
RIIO-2 price control: Energy Networks Association responds
Ofgem has finalised the RIIO-2 price control for 2021-26, channelling more than £40 billion of investment into the national electricity grid and infrastructure.
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."
