CMA grants permission to appeal price determinations to nine network companies

The Competition and Markets Authority (CMA) has granted nine energy companies permission to appeal price control decisions made by Ofgem on their business plans for the next five years.

Cadent Gas, National Grid Electricity Transmission, National Grid Gas, Northern Gas Network, Southern Gas Networks  and Scotland Gas Networks, Scottish Hydro Electric Transmission, SP Transmission and Wales & West Utilities were all granted permission to appeal on all the grounds pleaded.

The appeals will be considered together on the cost of equity, the so-called ‘outperformance wedge’, ongoing efficiency and the licence modification process.

Further reading

Ofgem plans to cut electricity distributors’ return on equity by a third from 2023

National Grid to buy WPD, UK’s largest DNO, and sell majority stake in National Grid Gas

UPDATED: Nine networks appeal price determinations

CMA tells water companies ‘manage your energy bills’ as it rejects option to recoup extra costs from customers

 

 

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