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SP Energy Networks responds to Ofgem's proposed settlements for RIIO-T2


Ofgem have published their proposed settlements (draft determinations) for the next network price control which will come into effect in 2021 and run for five years until 2026. This draft determination comes at a crucial moment for the country where investments in networks now are absolutely key to delivering the UK Governments ambition to boost investment in green infrastructure to help drive the economic recovery and accelerate Net Zero.

Following the release of the Draft Determination on the T2 transmission network price control by Ofgem today, SP Energy Networks CEO Frank Mitchell said: "This was Jonathan Brearley’s first big test as the new Ofgem Chief Executive and he’s flunked it.

"Instead of backing Britain he has put Britain in the slow lane of leading economies. We were ready to invest more to create green jobs, increase opportunities for the under 25s through apprenticeships, accelerate zero carbon for our customers and back Britain. Over 80% of our customers support our plans.

"Jonathan has let our customers and communities down and he is taking Britain back to austerity."

Read more about the SP Energy Networks T2 Business Plan and our industry response on the ENA website.

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