Ofgem errors expected to cost electricity network customers £800m

Ofgem’s failure to use up-to-date evidence when determining electricity network returns for the first set of RIIO price controls is expected to cost consumers £800 million, according to a new report from the National Audit Office. The watchdog says network operators’ spending allowances are also too generous and their performance targets too lax.

Close
Close

Request a call back

[contact-form-7 404 "Not Found"]