The Competition and Markets Authority (CMA) has pushed back the deadline for its decision on the appeals by transmission and gas distribution networks against their final determinations for the RIIO2 price controls.
The deadline for redeterminations is now set for 30 October 2021.
The Electricity Act 1989 and the Gas Act 1986 set the default time limit for appeals at six months from the permission date but allow the deadline to be extended by up to one month.
The CMA received a request for such an extension from the Gas and Electricity Markets Authority – Ofgem’s governing body – and said it was satisfied, “given the nature and scale of work involved,” that there were “special reasons” why the appeals could not be completed within six months.
All of the gas and electricity transmission and gas distribution networks confirmed they were seeking appeals at the beginning of March. The CMA granted permission at the start of this month on the condition that some of the grounds of appeal, including the cost of equity, were joined across appellants. It announced the panel that will consider the appeals shortly afterwards.