Ofgem publishes latest annual reports on energy network price controls

Wednesday 20 Dec 2017 @ 12:15
Ofgem

Ofgem has published the 2016/2017 annual reports on the energy network companies’ price controls.

The reports set out the performance of the companies across the four price controls which Ofgem sets for gas distribution, electricity distribution, gas transmission and electricity transmission.

Ofgem’s price controls protect customers by setting the revenue allowances that monopoly network companies can earn, using the revenue=incentives+innovation+outputs (RIIO) approach.

The four annual reports are found on our Network performance under RIIO page.

Further information

For media, contact:

Chris Lock: 0207 901 7225

Media out of hours mobile: 07766 511470 (media calls only)

For investors, contact:

Martin Young: 0207 901 7114

About Ofgem

Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.

For facts, figures and information about Ofgem’s work, see Energy facts and figures or visit the Ofgem Data Portal.

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Channel website: https://www.ofgem.gov.uk/

Original article link: https://www.ofgem.gov.uk/publications-and-updates/ofgem-publishes-latest-annual-reports-energy-network-price-controls

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