Written Question·Department for Energy Security and Net Zero·UIN 32896
Energy: Prices
Tabled: 21 February 2025
Answered: 3 March 2025
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made with Ofgem of the potential impact of the RIIO2 price control on network company performance.
Answer
Michael ShanksThrough the price control, Ofgem regulates network company investments and sets a fair rate of return to ensure necessary investments can be made. Ofgem utilises a framework of incentives and penalties to drive up performance and is currently considering ...
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