UK networks slam 2021-26 gas, power transmission price control proposals

摘要

UK regulator Ofgem's draft price controls on electricity and gas transmission networks for 2021-26 risk delivery of the energy transition, network operators National Grid and SSEN Transmission said July 9. Ofgem's proposals, also published July 9, nearly halve network companies' allowed rate of return and cut GBP8 billion ($10.11 billion) from companies' spending plans. The regulator said it would disallow costs "that companies have simply not justified as delivering value for money for consumers. It is now up to the companies to come back and provide more robust evidence on why this expenditure is needed," it said. "We are extremely disappointed with this draft determination which risks undermining the process established by Ofgem", National Grid said in a stock exchange statement.