Ofgem publishes final decision on electricity distribution funding requests

18 Oct 2019 10:01 AM

Ofgem has allowed £64m of funding requests by electricity distribution network companies to invest in physical site security, street works and rail electrification projects, and refused around £258 million for projects that it considers are not justified or provide poor value for money.

Ofgem has been consulting on 12 requests for additional funds by network companies for adjustments in their funding under the RIIO-ED1 price control (which runs from 2015-2023).  

Requests that Ofgem has approved include:

Requests that Ofgem has refused include:

Notes

  1. Ofgem sets four price controls (for gas transmission, electricity transmission, gas distribution and electricity distribution). Price controls for both transmission and gas distribution run from 2013 to 2021. The electricity distribution price control runs from 2015 to 2023. Collectively these are known as the RIIO-1 price controls.
  2. Ofgem has been consulting on a new set of price controls, called RIIO-2, which will first come into effect in 2021 when the transmission and gas distribution price controls of RIIO-1 have expired.
  3. See our decision documents.