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Ofgem welcomes Competition and Markets Authority (CMA) final determinations announcement

Responding to the CMA’s final determinations on Ofgem’s RIIO-2 network price control decisions of 8 December 2020, Akshay Kaul, Director of Networks at Ofgem, yesterday said:

“Ofgem’s network price control will transform Britain's energy networks to deliver emissions-free green energy for Great Britain along with world-class service and reliability.

"We welcome the Competition and Markets Authority’s (CMA) final determinations, which we believe achieve the right balance between affordability, sustainability, and practicality, while broadly supporting and reaffirming Ofgem’s decisions on setting price controls.  

"Ofgem’s role is to ensure consumers get the best possible value for money while taking into consideration the need for energy networks to have sufficient investment to deliver safe, secure, and sustainable future energy supplies.

“The Government has this week set out a clear and comprehensive strategy for net zero. We now look forward to working with the industry to deliver these goals for the benefit of consumers and the planet.”


Antony Quarrell, Media and External Relations Manager


Media out of hours enquiries: 020 3263 9996 (media calls only)


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

Original article link: https://www.ofgem.gov.uk/publications/ofgem-welcomes-competition-and-markets-authority-cma-final-determinations-announcement

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