Ofgem settles RIIO-2 to direct £40m into electricity network

Ofgem settles RIIO-2 to direct £40m into electricity network: Ofgem has concluded the RIIO-2 price control for 2021-26, directing over £40 billion of investment into the national electricity grid & infrastructure. About £30 billion of this amount will be available upfront in order to help establish a “stronger, greener and fairer GB energy system”, while…
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Ofgem’s RIIO-2 draft determinations ‘unacceptable’

Ofgem’s RIIO-2 draft determinations ‘unacceptable’: A significant number of Ofgem’s RIIO-2 draft determinations and the overall package are ‘unacceptable’ says the National Grid, as they could impact the long-term resilience of the energy networks and delay investment for the net zero transition. The energy network company notes its business plans committed to almost £10 billion…
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