The Competition and Markets Authority has nudged back the estimated date for its PR19 final redeterminations, which are now expected to appear in "late" February. It follows a series of consultations on several areas, including the cost of capital.
Consumer advocate Citizens Advice has calculated that the Competition and Markets Authority’s findings in the appeal of four water companies’ price review could cost households as much as £3.7 billion by setting a "dangerous precedent" for energy networks' price controls.
Consumer watchdogs have welcomed the CMA's increased spending allowances for projects that were important to consumers but warned its overall stance could set a precedent for other regulated companies and add to the pressure on household finances.
Ofgem has warned electricity distribution network operators (DNOs) to make improvements to connections and environmental outputs, as the regulator published its annual network report on Friday (8 March).
The energy regulator has published plans to slash in half the returns that energy networks can make in its proposals for the new RIIO2 price control framework, which covers the electricity and gas transmission networks together with gas distribution.