RIIO2 price controls have been ‘set up to fail’

Ofgem’s efforts align the next of set network price controls with the UK’s net-zero emissions target have been constrained by insufficient guidance and support from government. Catherine Mitchell, professor of energy policy at the University of Exeter, said that as a result the regulator’s draft determinations are “strangely siloed” from each other and fail to actually encourage the creation of a net-zero energy system – “the very thing it sets out to do.”

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