price controls

Investing in the energy decarbonisation transformation benefits consumers

“This price control comes at a crucial time of tackling climate change – the most urgent challenge facing the planet with Britain well placed to be at the forefront of global efforts to reduce carbon emissions,” Pettifer (pictured) explains. “National Grid, believes this must be tackled through collaborative efforts. We need to see much greater progress in making areas like heat and transport cleaner and at a low cost for our planet and energy users. That is why our gas innovation projects are looking at how we can use hydrogen in our networks to support the low carbon transition and bring down costs for consumers. We are also making sure that the right electric vehicle charging infrastructure is in place across the country, to facilitate a rise in electric vehicles on our roads. To reduce electric vehicle range anxiety and improve uptake, we have identified 54 locations for strategic ultra-rapid charging along the motorway network. These can charge a car in the time it takes to buy a coffee. Ultimately, we need to transition to a new low-carbon, low-cost energy system where consumers can see the clear benefits of the energy transmission networks.”

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Independent panel set up to challenge networks business plans

The energy regulator sets price controls for the monopoly companies that operate Britain’s energy networks. The next set of price controls is expected to result in lower network costs for consumers while allowing the companies to respond to challenges including accommodating electric vehicles and other new technology.

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£1.4bn spending plan unveiled by SP Energy Networks for RIIO2

After 12-months of extensive consultation, the company has submitted its draft business plan for the second set of RIIO price controls. According to the network, it outlines the role that its transmission system in central and southern Scotland will play in achieving the Government’s net zero carbon targets and supporting its future networks vision.

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