Source - LSE Regulatory
RNS Number : 8233W
OFGEM
18 July 2024
Ofgem publishes methodology to agree gas and electricity network investment from 2026 to 2031
Ofgem has published the methodology to be used to set the next price controls for Great Britain's high-voltage electricity transmission and national and local gas networks.
These price controls, known as RIIO-3, will run for five years from April 2026 to March 2031 - and this methodology is a key step in determining the investment required in the energy network infrastructure into the next decade.
Final decisions on network investment and charges included on consumer bills will not be taken until late 2025. This will follow detailed analysis of gas and electricity companies' business plans.
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