RIIO2

Citizens Advice wants Ofgem to cut network profits by an extra £4.1bn

Energy regulator Ofgem has already signalled that network companies should expect around £5bn in reduced profits in the next set of price controls. The new analysis by Citizens Advice suggests that the regulator can and should go further, resulting in a total saving to consumers of £9.1bn.

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Challenges around RIIO2

In RIIO2 Ofgem aims to address its concern that the regulated networks sector is earning too much and delivering too little. It is fiercely focused on dealing with this problem but that brings a real risk that it will hold back the progress of the energy transition. That means there are a number of aspects of the RIIO2 decision that will require careful fine tuning to avoid unwelcome side effects.

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Achieving the right climate

The electricity and gas networks will play a key role in helping to deliver climate change. But what are some of the challenges they’re facing and how can the networks meet these ambitious targets? Editor Alec Peachey spoke to a number of the network operators to find out about the work they’re doing in this area. Below are some of the questions asked, and the answers we heard.  

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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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