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Following the release of Ofgem's draft determinations for the RIIO2 price controls for transmission, gas distribution and the electricity system operator, Utility Week presents a rundown of the main features, facts and figures.
4 years ago
Ofgem’s strict approach to the next price control for energy networks could deter investment in the energy transition and lead to potential backers looking abroad for opportunities instead. This was the view of panellists on Utility Week’s #AskUsAnything show, who also said the regulator’s stance was at odds with the government’s desire to encourage investment in a swathe of infrastructure projects as part of the economic recovery.
In our latest round-up of the weekend’s papers, Ofgem chief executive Jonathan Brearley urges networks to embrace the “collective spirit” as the regulator reins in their profits for RIIO2, Thames Water comes under the spotlight for payments made to former chief executive Steve Robertson and environmental groups raise concerns over planning changes being brought in to hasten the economic recovery from the coronavirus.
Ofgem’s executive director of consumers and markets Mary Starks is to leave her role after nearly two years. Chief executive Jonathan Brearley said an internal consultation was taking place on a new "flatter and broader leadership". Meanwhile Ofgem's chief economist, Joe Perkins, has departed to join a consultancy.
As Ofgem prepares to publish its draft determinations for transmission and gas distribution companies’ business plans, Maxine Frerk identifies the key tests as to whether the process backs up the regulator’s new-found enthusiasm for decarbonisation.
The market operator for the non-domestic water retail sector (MOSL) is to set out how suppliers should gradually remove the protections for businesses impacted by coronavirus. Its Market Performance Operating Plan also aims to tackle legacy issues around the capture and use of data.